Legal Knowledge and Sharing

In case of increase in the workload in the tribunal, provision has been made to form a bench as per the need by increasing the number of members as per the Act.  According to this arrangement, there will be one law, banking and accounting member in each session.  So far, only one bench has been constituted in the tribunal and from this, the entire work of debt recovery cases of banks and financial institutions has been settled.  After the cases registered in the tribunal have matured as per the rules, there is an arrangement to hear the case on daily and weekly basis in the session of the tribunal.  Debates are held in the court by the stakeholders of the case i.e. the parties to the case, the learned legal practitioners from the opposition side and after the end of the debate, the final decision of the case is taken by the bench.  The case can be decided in the presence of two members including the law member but in the absence of the law member all kinds of orders and other action ca

Background Looking at the development of the banking sector in Nepal.  Nepal Bank Limited was established in 1994 and has been serving as Nepal Industrial Development Corporation 2016, Rastriya Banijya Bank 2021, Krishi Vikas Bank 2024 and Government Bank respectively. Nepal's financial sector reform program started in the 1980s.  Its main objective was to improve the financial sector by increasing public and private sector participation in the economic sector, maintaining financial discipline, transparency and good financial governance.  In this context, the government changed its economic policy and with the joint participation of foreigners, banks of Nepal Arab Bank (Navil Bank), Indo-Swiss Bank (Nepal Investment Bank), Grindlej Bank (Standard Chartered Bank), Himalayan Bank Limited, Nepal SBI Bank and Everest Bank Limited were established in 2041 BS.  The development of the banking sector seems to have taken off.  The Integrated Financial Sector Reform Program has been implemen