Kathmandu, July 30 -- Nepal's Supreme Court has stayed a so-called 'bid' by the government to handover management and up-gradation of the Tribhuwan International Airport in Kathmandu to an Indian firm.
A division bench of the court held Nepal Investment Board, a government body, didn't follow procedures while inviting expression of interest (EoI) from Infrastructure Leasing and Financial Services (IL&FS).
The government, however, maintains no MoU has been signed with the Indian firm and the NIB had only asked IL&FS to submit a formal proposal after it had expressed interest in the project.
Following reports that the government is planning to handover TIA to the Indian company, three advocates had filed a writ petition in SC seeking a stay on the "anti-national" and "illegal" move.
The decision of the bench was not unanimous with two judges approving the stay, but Justice Ram Kumar Shah held that there was no violation of law as there was nothing to prove that a MoU had been signed.
Published by HT Syndication with permission from Hindustan Times.