In the appeal submission to the Office of Gyalpoi Zimpon, RICBL intentionally singles out the transactions involving the four employees from the Case Summary (Sherchud) of the High Court Judgement while completely neglecting the other employees who are signatory to all 12 Loans and 7 BG's.
Clarification submission by Legal Representative on Appeal submission submitted earlier by CEO
Translation of the District Court & High Court Judgement submitted to the Office of Gyalpoi Zimpon by RICBL and a comparative where RICBL made the Judgement narrow to only account CRCS/2010/84 where four employees transactions are reviewed.
RICBL's version English Translation of the District Court Judgement submitted to the Office of the Gyalpoi Zimpon
RICBL's version of the English Translation of the High Court Judgement submitted to the Office of the Gyalpoi Zimpon
The Judgement (Thuenche) and Order (Kaja) was wrongly translated
Comparison of the RICBL's version of the English Translation of the High Court Judgement submitted to the Office of the Gyalpoi Zimpon and what was supposed to be the Actual Translation.
CEO: ... but we thought that some of you seeking Kidu as individuals cud possibly result in relitigation and possible overturning of the verdict. We even hinted this option to Jigmi Namgyel and Ugyen Lham.
Follow-up letter by RICBL on approaching Higher Authorities?
RICBL Management claims that 4 employees were given a chance but does the above letter indicates if it is what RICBL management claims it to be?
This webpage is created with the sole purpose of shedding light on the experiences of four unfortunate employees named by RICBL.
It is not intended to undermine or challenge the decisions of the Hon'ble Courts but rather aims to explore how the institution they served for 16 years may have shifted responsibility in the context of a Loan Default Case from 40+ employees to only 4 employees.
Update: The Hon'ble High Court names four employees after the clarification issued on October 2, 2023.