Latest news with #ABL
Economic Times
3 days ago
- Politics
- Economic Times
Kargil, Ladakh bodies begin three-day protest
Synopsis The Kargil Democratic Alliance (KDA) and Apex Body Leh (ABL) initiated a three-day hunger strike in Kargil, demanding statehood for Ladakh and its inclusion in the Sixth Schedule of the Constitution. Held at Hussaini Park, the protest highlights the delay in dialogue with the central government regarding Ladakh's demands. AP Srinagar: A three-day hunger strike began in Kargil on Saturday to press for the demands of statehood for Ladakh and for including the region in the sixth schedule of the Constitution. The hunger strike was organised by the Kargil Democratic Alliance (KDA) and Apex Body Leh (ABL) at Hussaini Park in Kargil. The two bodies are protesting the delay in the dialogue process by the central government to discuss the demands of the people of Ladakh. "Together, we can build a future where Ladakh governs Ladakh. Three-day hunger strike (in support of) statehood for Ladakh, (its) inclusion under the sixth schedule of the Constitution, separate Lok Sabha seats for Leh and Kargil regions and establishment of a public service commission (PSC)," read a banner jointly put up by the KDA and ABL at the venue of the hunger strike. Prominent KDA members carrying placards, some of which read 'end colonial treatment restore democracy, statehood - Sixth Schedule and strong Ladakh', gathered at the venue and chanted slogans, marking the beginning of their three-day hunger strike.
Time of India
3 days ago
- Politics
- Time of India
Kargil, Ladakh bodies begin three-day protest
Srinagar: A three-day hunger strike began in Kargil on Saturday to press for the demands of statehood for Ladakh and for including the region in the sixth schedule of the Constitution . The hunger strike was organised by the Kargil Democratic Alliance (KDA) and Apex Body Leh (ABL) at Hussaini Park in Kargil. The two bodies are protesting the delay in the dialogue process by the central government to discuss the demands of the people of Ladakh. "Together, we can build a future where Ladakh governs Ladakh. Three-day hunger strike (in support of) statehood for Ladakh, (its) inclusion under the sixth schedule of the Constitution, separate Lok Sabha seats for Leh and Kargil regions and establishment of a public service commission (PSC)," read a banner jointly put up by the KDA and ABL at the venue of the hunger strike. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Prominent KDA members carrying placards, some of which read 'end colonial treatment restore democracy, statehood - Sixth Schedule and strong Ladakh', gathered at the venue and chanted slogans, marking the beginning of their three-day hunger strike. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Suffering From Pain After Age 50? Do This Every Morning Wellnee Undo
L'Orient-Le Jour
4 days ago
- Business
- L'Orient-Le Jour
Association of Banks in Lebanon selects Ankura for negotiations with BDL
BEIRUT — The Association of Banks in Lebanon selected the international firm Ankura on Thursday to be its advisor for potential future negotiations with the Banque du Liban (BDL) regarding the deposits and other investments held there by the country's banks. Two sources within the banking sector who wish to remained anonymous confirmed that the decision had been made during a meeting attended by representatives of Lebanon's banks, including those no longer party to ABL. The Association of Banks did not respond to requests for comment. Ankura's offer was one of two received by the ABL, along with that of Alvarez & Marsal, the firm previously hired by the government to carry out the forensic audit of the BDL. Ankura was reportedly approached as early as June, after ABL launched a selection process, while Alvarez & Marsal subsequently took the initiative of reaching out to the organization. As for the details of the contract, a second source contacted this week mentioned a duration of 18 months and a service fee of $4 million. Both sources, however, specified that banks, whether members of the association or not, will have to voluntarily commit to be represented by the firm. "Each bank will have to sign in its own name, so the process to finalize the contract with the firm will likely take a few more days," one of the sources said. According to press reports, the ABL's move is in response to a request from BDL, which, along with the government, is also considering appointing its own advisors. Lebanon's banks are preparing to fight to recover as much as possible of the $80 billion in receivables, mainly deposits, which they hold at BDL and which BDL cannot repay. This issue was part of what triggered the 2019 economic crisis that is ongoing to this day, during which banks froze most of their clients' dollar deposits. The banks argue that BDL's inability to return these deposits — for which they were asked to provide funds and paid interest — releases them from most, if not all, responsibility toward their clients. Opponents of ABL argue that the banks could not have ignored the fragility of the Lebanese financial system when making these investments and are therefor not justified in skirting responsibility. Ankura Consulting Group is an American advisory firm founded in 2014 and operating in 115 countries, according to its website. It specializes in risk management, corporate restructuring, finance, arbitration, investigation, and strategic consulting.
Toronto Star
5 days ago
- Business
- Toronto Star
Dorel Provides Update on Long-Term Debt
MONTRÉAL, Aug. 07, 2025 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that on August 7, 2025, it again amended its asset backed loan (ABL) facility and term loan facility whereby Dorel's lenders agreed to continue to forebear from enforcing their rights and exercising their remedies under both the ABL facility and term loan facility further to a default by Dorel relating to certain financial covenants. The initial forbearance period commenced on May 9, 2025 and has now been extended to the earlier of September 16, 2025 and the occurrence of any event of default, other than the current event of default, under the ABL facility or term loan facility. Dorel will receive access to US$20.0 million additional liquidity in three tranches under the ABL facility in order to finance new inventory and must continue to provide the lenders with additional reporting during the forbearance period. In addition, the total maximum availability under the ABL facility was decreased to US$150.0 million as part of the amendment. As at June 30, 2025, the total amount of borrowings outstanding under the ABL facility was approximately US$92.0 million. In addition, as previously announced, the Company is continuing to work with two leading capital market advisors to assist in re-capitalizing the Company's balance sheet to allow for growth in the Juvenile segment and support the re-organization of the Home segment. The new structure is intended to replace the current debt structure which no longer matches the Company's needs. Dorel will update stakeholders on developments as they arise.
Bloomberg
7 days ago
- Business
- Bloomberg
Lebanese Banks Seek Adviser for Potential Talks on $80B of Losses
Lebanese lenders are preparing to appoint an adviser as they gear up for potential talks with the central bank over some $80 billion in claims, a pivotal step in untangling the financial crisis that hit the Middle East's most indebted nation and stalled international bailout efforts. The Association of Banks in Lebanon, a grouping of about 60 lenders that's also known as ABL, is looking at proposals from Alvarez & Marsal and Ankura to conduct the negotiations, according to people familiar with the matter, who asked not to be identified because talks are private.
