SC issues interim order in favour of networking business

The Supreme Court has issued an interim order to the government to allow networking businesses to operate as usual.

An interim order issued on Sunday by joint bench of Justices Khilaraj Regmi and Tapa Bahadur Magar said since these companies have received legal registration certification as per Company Act, they must be allowed to operate.

Ministry of Commerce and Supplies on May 24 had issued order banning all forms of networking businesses based on pyramid structure following crackdown on Unity Life Insurance Limited.

The people associated with the networking business had filed writ against the government decision at the apex court.

The court order says, the government must not implement its decision to ban networking businesses considering the possible financial loss to the company and the general people