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Improvement Project of Science Construction CS

Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
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LOAN RECOVERY BY ICICI BANK

You know, generally the Bank employees seldom lay hand before other banks for loan than his own. Off course there are exceptions, but they are not rules. Next to this, you will find a complaint letter , written by one nationalised Bank employee to his local police station. The letter is self explanatory, it`s a complaint against the recovery team of ICICI Bank for the loan which has never been taken !!!

Beware of such happenings !!

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