Janata Bank postpones auction of 85,001 units seized ordinary shares after Patan High Court passed interim order against auction

Janata Bank Limited (JBNL) had ­auctioned 85,001 units ordinary shares from Kartik 15 to Kartik 21, 2074. The shares were seized from Guru Prasad Neupane, a former Director of the bank. On the last day of auction, Patan High Court issued an interim order to Janata Bank to stop the further process of auction. After the order, Janata Bank published the notice about the postponement of all auction activities until further notice. JBNL has earned Rs 6.48 crore net profit in the first quarter of the fiscal year 2074/75. Its last traded price stood at Rs 239 as of last trading day.