Insurance Board sacks its Executive Director Aryal; SC stays the decision of IB

KATHMANDU: The Supreme Court (SC) Wednesday issued an interim order, asking the Insurance Board (IB) not to implement its decision taken earlier in the morning to sack its executive director Binod Aryal.

A single bench of officiating chief justice Damodar Prasad Sharma issued the stay order for a week. The court has summoned both the petitioner and defendant to discuss whether the sacking of Aryal should be upheld or not.

Aryal was removed from the post after he was found guilty of multiple counts of misconduct, the IB had said in a statement. According to reports Aryal has presented fake information for becoming the Director of the Insurance Board. Similarly, he was alleged of formulating policies for his personal benefit.

“Acts committed by Aryal violated provisions in the Employees Regulation, which made him unfit for the position,” IB Spokesperson Raj Kumar Aryal had told a press conference.