Thursday, December 06, 2007

SC ends Ameco row
The Supreme Court on Wednesday cleared the way for Ameco, the Beijing-based company, to overhaul two Boeing 757 engines belonging to state-run Nepal Airlines Corporation (NAC).
The overhaul work became possible for the company after the court today vacated its own interim order of November 13 staying the repairs.
"The interim order has been vacated," Justice Min Bahadur Rayamajhi said without giving any reason. "The full written decision will come out tomorrow (Thursday). "
The issue had landed in court after the NAC deal with Ameco for repair of the engines came in for questioning and criticism. Amidst deeping controversy, the apex court had stayed the deal on November 13, and this prompted the Chinese company to seek US$ 11 million in compensation.
In the context of Ameco's claim for compensation, NAC had moved the court with a fresh application, seeking nullification of the interim order. Today's court decision was in response to the application.

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