“This has pushed the court decision for next three months,” Netra Acharya, lawyer at the central bank, told myrepublica.com. The committee has no authority to take any decision, but is entrusted only to report its findings and suggestions to the court after going through the reports and talking with the officials of the NRB as well as the troubled bank. The court will look into its finding while deciding on whether to grant permission to NRB to liquidate the bank.
NRB had lodged a petition at the Appellate Court in June after its June 2 board meeting of the central bank decided to send the long-troubled NDB into liquidation, concluding that all its five-year long effort to revive the bank failed owing to incompetent and defiant management.
The central bank has frozen all the transactions of the bank, including accounts maintained by the NDB at other financial institutions until the appointment of a liquidator. The central bank has concluded that there was no other alternative to liquidating NDB.
First Nokia Concept Stores open
KATHMANDU, July 29: Nepal got it first exclusive stores for Nokia mobile phone sets and accessories on Wednesday.
Prem Chand, general manager, Nokia Emerging Asia, inaugurated the Nokia Concept Store at the recently opened in Kamalpokhari and also announced the opening of another such store in Tamrakar House in New Road. “Nokia stores are designed to provide consumers with a unique three-dimensional experience with the Nokia brand,” he said.
The design and layout of the stores, which carry a wide range of Nokia devices and accessories, follow the same pattern as Nokia Stores around the world, Mobiletron Nepal Trading Pvt Ltd, authorized Nokia Retail Chain Partner for Nepal, said in a statement handed out at a press conference on Wednesday.
According to Rahul Sachdev of Mobiletron Nepal, the employees at the stores are especially trained to help prospective clients make an informed decision about choosing the solution that suits their needs best. “These stores will enhance the Nokia experience for Nokia users providing authentic Nokia phones and accessories. Our people are also trained to understand what the customer needs, so they will help provide customers with an easy and relaxed buying experience,” he said.
The stores are also offering buyers with free Nokia merchandise with every purchase as an introductory offer.
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