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.
PM congratulates Nepali national cricket team
KATHMANDU— Prime Minister KP Sharma Oli has congratulated Nepali national cricket team for being able to clinch the International T20 series.
PM Oli in a tweet extended best wishes and congratulations saying he was very happy to know Nepal’s win over the UAE by 14 runs in the third match of the series.
Winning T20 series is another landmark success for Nepali cricket, he said, adding, “It is big achievement for Nepal’s cricket. I would like to heartily congratulate entire members of Nepali cricket squad”.