special manager sentence in Hindi
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- Beginning Feb 9, the special managers will submit their final reports to the Financial Sector Restructuring Agency ( FRA ) and, on Feb 13-15, to creditors of each company.
- The release also noted that the special managers have to secure the cooperation of remaining employees and customers to assess the quality of assets and continue the debt collection process.
- In these private meetings, the special managers will report on the current status of the companies, their operating results and any changes since they were officially closed on Dec 8.
- The indecisiveness of the existing special managers is thought to be the reason the FRA decided not to separate the assets of the 56 firms into bad and good ones.
- SINN Bualuang Plc, which is providing special managers to appraise the assets of the 56 shut-down finance companies, said Monday that it has mandated the managers to conclude on Feb 9.
- The Financial Sector Restructuring Authority ( FRA ) will appoint 16 former executives of the 56 defunct finance firms as special managers to oversee the companies'assets, a source in the FRA said.
- Paibul Pilantha-ovath, a special manager assigned to take care of Fin-One, said that the creditors, who were divided between two rooms, were pleased with the average loan repayment that they will receive.
- According to Chaiyut, Sinn Bualuang has established a system that will allow the new special managers to step in and smoothly manage the next stage of the process-- the actual asset sales.
- Together with teams of special advisers provided by international accounting firms, the special managers are now putting together their final reports-- Statement of Affairs-- based on thorough loans reviews and classification of assets.
- A statement released by Sinn Bualuang noted the company is now cooperating in the smooth transfer of authority to the new special managers, appointed to oversee the asset sale process now under way.
- The lack of protection, which could entangle them in lawsuits after depositions, has discouraged three accounting firms, Deloitte Touche Tohmatsu Jaiyos, Ernst & Young and KPMG Peat Marwick Suthee, from providing special managers.
- The lack of protection, which could entangle them in lawsuits after depositions, has discouraged three accounting firms, Deloitte Touche Tohmatsu Jaiyos, Ernst & AMP; Young and KPMG Peat Marwick Suthee, from providing special managers.
- Within 21 days, Merkur was to deposit with the company's special managers an opinion on a property on which a commitment to register a lien of up to 5 million shekels would be placed.
- Concerning the high pay, he said the special managers had not yet received a single baht for the task and would have their contracts terminated on Feb 18 after submitting their reports to the FRA.
- Somchai is one of the 16 special managers appointed to manage the assets of the 56 defunct finance firms following those from Sin Bualaung Plc who are scheduled to complete their job on Feb 19.
- In the short term some may be asked to support the special managers, while many well qualified and competent personnel will have the possibility of being hired by a " good " bank later on.
- A special manager, who is in charge of the asset evaluation of a collapsed finance company, said that the 56 finance companies went under because 70 per cent of their lending portfolios were described as property loans.
- With the completion of its initial mandate, Sinn Bualuang's two-and-a-half-month contract with the FRA will conclude on Feb 18, when the FRA will appoint new special managers to undertake the next phase of the asset sale and disposal process.
- Sin Bualuang's special managers Monday submitted reports on their valuation of the 56 companies to the FRA . It is expected that the information will not be announced until the FRA meets the companies'creditors between Feb 13 and Feb 15.
- The Financial Sector Restructuring Authority ( FRA ), basing its view on its special managers'estimation, told creditors at the convention that the 56 companies'assets worth Bt866 billion could fetch Bt592 billion at a maximum or Bt363 billion at a minimum from the liquidation.
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