Supreme Courts orders industrialist Golchha to be released on bail
Summary
The Supreme Court has ordered the release of industrialist Shekhar Golchha on bail, quashing the Kathmandu District Court's detention order related to offenses under the Securities Act.
Key Points
- The Supreme Court ordered the release of industrialist Shekhar Golchha on bail/security.
- The Supreme Court quashed Kathmandu District Court's order to detain Golchha under the Securities Act.
- The court observed that bail should have been demanded before detaining Golchha, which was not done.
- Golchha was arrested for alleged offenses related to share market manipulation under the Securities Act.
