KATHMANDU — The Kathmandu District Court has ordered Standard Chartered Bank to freeze Turkish Airlines Inc’s accounts at the bank.
The court has ordered the bank to freeze Rs 23,815,025 deposited in Turkish Airlines’ two accounts 01 257467502 and 01257467554 with the bank until the affected party, Zenith Travels Pvt Ltd, approaches the court seeking ‘reconsideration’ on the matter.
The court ordered to freeze the Turkish Airlines’ accounts with the Standard Chartered Bank after Zenith Travels Pvt Ltd filed a case against the airlines seeking compensation for the investment it had made to become the airlines’ general sales agent (GSA) in Nepal.
According to Zenith Travels Pvt Ltd, the company invested more than two crore rupees for setting up infrastructure in the hope that it would be offered the airlines’ GSA but later the airlines refused the same without paying back the money.
According to Jay Devan, managing director of Zenith Travels Pvt Ltd, the company has filed a lawsuit against the airlines after it ignored repeated requests to return the investment made by the former.
Devan said Turkish Airlines held his bank guarantee for a long time without entering any agreement.Follow @gorkhapost
First Roland Macaulay Cup to start on November 21
BIRATNAGAR— The First Roland Macaulay Cup is being held in the capital on November 21-24.
To be organized by the Cricket Association of the Blind, Nepal, cricket clubs–Myagdi, Jhapa, Bardiya and Tribhuvan Army–will participate in the First Roland Macaulay Cup twenty20 cricket tournament, said Pawan Ghimire, the Central President of the Association at a press conference here.
The estimated budget is approximately Rs 750,000. The opening match will be held between Jhapa and Bardiya, said the organizer.Follow @gorkhapost