July 2: The Supreme Court has issued an interim order regarding the appointment procedures for the Chairperson of the Securities Board of Nepal (SEBON). On June 28, the government decided to cancel all ongoing procedures related to the selection of the SEBON Chair. This decision was subsequently challenged in the Supreme Court through a writ petition.

A single bench of Judge Abdul Aziz has issued a show-cause order to the government, requesting explanations for its decision. Both parties have been summoned for discussions on July 5, according to Supreme Court Spokesperson Gobinda Ghimire.

The committee responsible for recommending the SEBON Chair's appointment decided to cancel the process because three out of five shortlisted candidates were absent for their interviews. In response, Santosh Narayan Shrestha, one of the shortlisted candidates, filed a petition against the decision.

The government has since formed a new committee to recommend candidates for the SEBON Chair, incorporating members from the previous committee.