The High Court of Bombay has held that an arbitrator s mandate would not terminate when the proceedings are not completed within timelines agreed by the parties, if the delays in the conduct of the.
KATHMANDU, April 11: The Road Division Office, Janakpur, has decided to terminate the contracts with four construction companies including Pappu Construction. The Division Office issued a notice on Thursday and said that four construction companies including Pappu Construction will be blacklisted for their failure to fulfill their contractual obligations.
The Finnish supplier of services and technologies for the pulp, paper and energy industries said the cuts are part of a plan to improve competitiveness and operational profitability.
The Finnish forest industry giant announced a new profit improvement programme on Thursday, saying it is targeting an annualised improvement of 80 million euros in operational earnings before interest and taxes.