National Industrial and Commercial Investment Inc (NICIL) is depending on the court system to resolve issues surrounding land it had leased to the Guyana National Industrial Company (GNIC).
Speaking with Stabroek News Officer in charge of NICIL Horace James said that while the legal system was slow he has every confidence that it will assist NICIL in recovering both the land leased and the money owed by GNIC.
“We filed receivership papers in late November and the first hearing is scheduled I believe for February. We are going through the courts to resolve this issue. It is the only process I know of to legally and smoothly repossess the Lombard Street property. It’s not like we can go in there with hammer and crowbar and remove them,” he explained.
GNIC, a company owned by Laparkan and the National Engineering Company (NEC), purchased
