Global market turbulence is good for Icap

first_img Show Comments ▼ whatsapp KCS-content Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof INTERDEALER broker Icap yesterday said market volatility due to unrest in the Middle East and the crisis in Japan over the past three months had helped its business. Fourth-quarter trading has been solid and it has grown its market share over the year to the end of March, it said. Its new euro interest rate swaps platform is now processing more than €350bn (£30bn) from more than 4,100 trades, and it expects to be “a substantial beneficiary” of new EU financial regulation. Thursday 31 March 2011 8:11 pm Share Global market turbulence is good for Icap Tags: NULL whatsapplast_img read more

Sefalana Holding Company Limited (SEFALA.bw) 2009 Annual Report

first_imgSefalana Holding Company Limited (SEFALA.bw) listed on the Botswana Stock Exchange under the Industrial holding sector has released it’s 2009 annual report.For more information about Sefalana Holding Company Limited (SEFALA.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Sefalana Holding Company Limited (SEFALA.bw) company page on AfricanFinancials.Document: Sefalana Holding Company Limited (SEFALA.bw)  2009 annual report.Company ProfileSefalana Holdings Company Limited is a major retail operation with interests in the wholesale and retail distribution of fast-moving consumer goods in Botswana, Zambia, Lesotho and Namibia. It operates 20 major supermarkets under the retail name Sefalana Shopper; 25 cash-and-carry outlets trading under the name Sefalana Cash and Carry; 3 hyperstores trading as Sefalana Hyper Store; 4 liquor stores trading as Sefalana Liquor; and one cigarette distribution outlet trading as Capital Tobacco. The company also sells tractors, agricultural equipment, construction equipment, power-generating plants, water pumps, EDM locomotives and spares, and has franchise dealerships for MAN, TATA and Honda. Well-known subsidiaries in the Group include Foods Botswana, Commercial Motors, Mechanised Farming, Vintage Travel and Tours and Kgalagadi Soap Industries. Sefalana Holding Company Limited was founded in 1974 and its head office is in Gaborone, Botswana.last_img read more

2 FTSE 100 shares I’d buy in the stock market crash today

first_img Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your free copy of this special investing report now! Simply click below to discover how you can take advantage of this. 5 Stocks For Trying To Build Wealth After 50 2 FTSE 100 shares I’d buy in the stock market crash today Image source: Getty Images Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Alan Oscroft | Wednesday, 21st October, 2020 | More on: AVST SGRO We’re all looking for FTSE 100 bargains in the stock market crash. For many, that means going for shares that have fallen and that we think are now oversold. But not all top stocks have fallen in price, and I think there are good buys to be found among those that are holding up.My first pick is Segro (LSE: SGRO), with a share price that’s up 3.7% in 2020. Segro is a real estate investment trust (REIT). I’ve always been a big fan of investment trusts, and I see long-term value in the commercial property market. For those of us who can’t afford to buy our own warehouse or shopping centre, a REIT can provide a way in. And it can provide a degree of diversification too.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Trading updateThe company has just released a Q3 trading update. Chief executive David Sleath spoke of “further demand for our asset class from both customers and investors, outweighing any negative economic impacts from the pandemic“.The FTSE 100 company has signed contracts in the period with an additional £15.8m in headline rent. As a result, the firm is ahead of the same period a year ago, and it takes the nine-month total to £49.6m. In these tough times, I see vacancies in commercial properties as a significant risk. But Segro’s vacancy rate looks acceptably low and stable at 5.2%, the same as a year ago. The firm puts its customer retention rate at 88%.On the same day, Segro announced the acquisition of a new warehouse estate in Canning Town, for £133m. I think these are good times to be looking for real estate bargains like this.At 30 June, Segro reported a net asset value per share of 718p. And with the share price at 930p as I write, that’s a 30% premium. I’m happy with that, and I rate Segro as a FTSE 100 pick for growth and income potential.Another FTSE 100 buy?For my second selection, I’m looking at Avast (LSE: AVST). Avast is a FTSE 100 cybersecurity company, and the Covid-19 pandemic seems unlikely to damage that business. As a result, if anything, the increase in business being conducted online is more likely to give Avast a boost. The company’s pandemic resilience shows in its share price, up 10% so far this year.A third-quarter update Wednesday reported an 8.6% rise in organic revenue for the period, to $226m. That excludes acquisitions, disposals, and discontinued businesses, and reported revenue including those increased by a more modest 2.6%. For the year to date, reported revenue grew by 1.9% with organic revenue up 7.3%. In terms of profit, adjusted EBITDA for the quarter is up 3.3%, with a year-to-date figure up 2.5%.The idea that cash is king has been reinforced strongly by the FTSE 100’s troubles in 2020. Because of that, I like to see debt reducing. And Avast looks to be doing well. The company told us that “continued strong organic cash flow generation helped accelerate deleveraging and enabled the voluntary repayment of $100m debt in the third quarter“. Net debt stands at 1.5 times adjusted EBIDTA, which looks comfortable to me.I have Avast on my list of potential growth buys, and I see long-term dividend prospects too. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares See all posts by Alan Oscroftlast_img read more

Bankson and Becker re-elected!

first_img Please enter your comment! Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Share on Facebook Tweet on Twitter The Anatomy of Fear You have entered an incorrect email address! Please enter your email address here LEAVE A REPLY Cancel reply Support conservation and fish with NEW Florida specialty license plate Please enter your name here TAGSApopka City CommissionApopka Elections 2020ResultsVoting Previous articleThe Apopka Area Chamber of Commerce weighs in on COVID-19: We are here to helpNext articleAdventHealth coronavirus update: Testing and elective procedures Denise Connell RELATED ARTICLESMORE FROM AUTHOR Incumbents prevail big in city commission electionsThe streak is over, and in a big way.The Apopka voters, after eight years of voting out incumbents, have finally settled on two members of the city commission that they want to keep. Commissioners Doug Bankson (Seat #3) and Kyle Becker (Seat#4), won huge victories over challengers Leroy Bell and Lorena Potter in the 2020 Apopka municipal elections.Bankson claimed 4,393 votes (60%), easily outdistancing Bell, who received 2,917 votes (40%). It was a much larger margin than his runoff victory over then-incumbent Sam Ruth in 2016, when he received 2,707 votes (55.5%).Bankson posted on his Facebook page, “Election results are in!!! WE DID IT!!! Thanks everyone for all of your love and support. We couldn’t have done it without you. I can’t wait to continue to serve Apopka with all my heart. Let’s keep moving Forward Together!”Becker received 4,472 votes (62%), a clear win compared to Potter’s 2,772 votes (38%). He also outperformed his 2016 showing, when he defeated 40-year incumbent Bill Arrowsmith with 2,689 votes (55%).“First, I would like to thank Lorena Potter and her supporters for a competitive and civil campaign,” said Becker. “I know how much hard work and long hours go into running a campaign like this, and she should be commended for it. I am so grateful to my fellow Apopka voters, and the confidence they have in me to be their representative voice on our city’s Council.  I have taken great pride in being a prepared and practical leader and feel so privileged to serve a second term as Commissioner of Seat 4.  There are many family, friends, and campaign supporters to thank for helping me on this path, but the most important are those that cast a vote, and use that vote as their voice for what they want Apopka to be.  I will continue to fight for their best interests, and all of Apopka.”Potter posted on her Facebook page, “Congratulations to Kyle Becker on his retention of Apopka City Council Seat 4. Many thanks to all of the friends, family and volunteers who supported me throughout my campaign. It was a great experience and I really enjoyed getting out in the community and meeting so many people. Although I will not be a Commissioner, I still plan to stay actively engaged in community affairs.”Although 5,074 ballots were received through mail-in or early voting for the Apopka elections, the coronavirus seemed to keep most voters home, with only 2,654 ballots cast on election day – making the turnout lower than in 2016 – the last time the municipal elections were held the same day as a Presidential Preference Primary. In 2016, 10,249 ballots were cast in the Apopka municipal election.The next municipal elections in Apopka will be held in 2022 when Seats #1 and #2 on the city commission will be up for grabs. Commissioners Alexander H. Smith (Seat #1), and Alice Nolan (Seat #2) are the incumbents. Mayor Bryan Nelson will also be up for re-election in 2022. Save my name, email, and website in this browser for the next time I comment.last_img read more

St Dunstan’s launches multichannel direct strategy

first_imgSt Dunstan’s, the charity that provides lifelong support for blind and seriously visually impaired ex-Service men and women, is targeting new and existing donors with a range of direct marketing activity this month.Direct-to-digital agency TDA has devised appeals designed to increase donations from warm audiences and boost cold donor acquisition. Activity will include direct mail, door drops and inserts.Existing donors will be invited to offer a message of remembrance and support as part of a ‘flag planting’ ceremony the charity is holding to mark the 90th anniversary of the end of World War I. The mail pack includes a flag that can be inscribed with a personal message and returned to the charity with or without a donation.Creative executions for cold audiences focus on younger people who have suffered sight problems after serving in the Forces, as well as World War veterans.Inserts will appear in Spectator, The Week, The Oldie, History Today, BBC History, Who Do You Think You Are, The Lady and Radio Times.www.st-dunstans.org.uk  21 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis St Dunstan’s launches multichannel direct strategy Howard Lake | 20 October 2008 | News Tagged with: Individual giving TDA About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Trinity Family Medicine to host health and wellness day

first_imgLocal News Trinity Family Medicine to host health and wellness day Twitter WhatsApp Twitter Pinterest Previous articleWest Texas Food Bank Receives Donation and Army National Guard Helps To DistributeNext articleHIGH SCHOOL BASEBALL: Wolfforth Frenship at Permian Odessa American Trinity Family Medicine will be hosting a health and wellness day with proceeds going towards the NATE organization from 11 a.m.-4 p.m. May 15 at 6100 Eastridge road.The NATE organization is a local non-profit that seeks to raise awareness of the dangers of drinking and driving, bullying, suicide awareness, gun violence, illegal street racing and also provides opportunities for community outreach and scholarships.There will be multiple venders, food trucks and jumpers for kids. Facebook WhatsApp Facebook By Odessa American – April 27, 2021 Pinterestlast_img read more

Judicial Education Needs To Take Care Of Inherent Biases : Justice Muralidhar

first_imgTop StoriesJudicial Education Needs To Take Care Of Inherent Biases : Justice Muralidhar Radhika Roy13 May 2020 8:46 AMShare This – xJustice Dr S Muralidhar, judge of Punjab and Haryana High Court, spoke about the need for judicial education to address the inherent biases of judges.He made this observation while delivering a Webinar on judicial reforms organized by BeyondLaw CLC and UILS, Punjab University, Chandigarh.He noted that increase of case load on judges lowered the quality of judgements, and that a balance…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginJustice Dr S Muralidhar, judge of Punjab and Haryana High Court, spoke about the need for judicial education to address the inherent biases of judges.He made this observation while delivering a Webinar on judicial reforms organized by BeyondLaw CLC and UILS, Punjab University, Chandigarh.He  noted that increase of case load on judges lowered the quality of judgements, and that a balance had to be struck between the burden on the judge and its effect on the output. He also acknowledged that while writing a judgment was one aspect, but there were behavioral aspects that needed to changed when it came to inherent biases. The duty of judicial education is to take care of these biases. “Writing judgement is one aspect, but there are behavioural aspects that need to changed when it comes to inherent biases. Judicial education needs to take care of these biases”, he said.  Justice Muralidhar commenced his address by stating the topic of judicial reforms is as old as the Anglo-Saxon model, with the first set of judicial reforms being introduced by Lord Cornwallis in 1793. Referring to suggestions being propagated by institutions such as Asian Development Bank, World Bank, UN bodies, and also our own Law Commission of India, Justice Muralidhar mentions the commonality of suggestion of investment institutions regarding improvement of efficiency of judicial system to aid technological development, which explains the changes we have seen with changes in arbitration law and the IBC. “There is a realization that judicial reforms are absolutely crucial, but there has been a recent change in the approach of improving judiciaries around the world. For instance, I have found very recently the report of International Consortium, which was published in 2012 and came up with an ‘international framework’ for court excellence.” Justice Muralidhar noted that from an earlier institutional-centric approach, there has now been a movement toward freedom-centred, access to justice approach where user satisfaction is of prime importance. In 2018, a report titled “Global Measures of Court Performance” was published, and Justice Muralidhar urged all participants to go online and look at the detailed report. “What this report does is, it aligns core measures of court performance with core court values. These values are important for any judiciary at any level. They are: equality, fairness, impartiality, independence, competence, integrity, transparency, accessibility, timeliness and certainty.” Justice Muralidhar stated that these values reflect the changed approach toward judicial reformation. The first value is that of court user satisfaction, which puts the user of the courtroom at the center. Second is access fees, that is, how much court fee is charged in civil cases. Third is, case clearance rate. There is also ‘on-time case processing’. Justice Muralidhar also brought up the aspect of “court file accessibility”. “How easily is a court file accessible, not just to the judge or the Registry, but to the lawyer and the litigant”. With regard to case backlog, Justice Muralidhar raised the question regarding accurate statistics about backlog of cases.  Justice Muralidhar continued his address by stating to the audience that approach to judicial reforms cannot merely be institution-centric. “While I definitely agree that ADR, Lok Adalat are tools that need to be improved and used to decrease the burden of the courts, but it is also an institution-centric approach. Their selling points are that they take lesser time and there is certainty of conclusion. It might not be complete justice in the true sense of the word, but it is a pragmatic approach”. However, Justice Muralidhar stated that there is need for one to treat the justice system as a broad-based one. It is not merely about institutions doing justice, but more about these institutions delivering or securing justice, which can be exemplified by the issue of compliance of court orders.”Approach to judicial reforms cannot be institutionally-centric (such as reforms of ADR, Lok Adalat etc). The modern day approach to justice is to be broad-based.It should not be about just delivering justice, but securing it as well”, he said. “Compliance of court orders” is a measure about how efficiently court orders are to be implemented and this is a matter of deep frustration for litigants. There is need to evaluate the judicial system, which is not just confined to the formal judicial system such as legal services authorities or mediation centres, but also includes non-formal legal centres which are vibrant and active in the country. “One question that we need to ask is do institutions of justice delivery provide efficient and effective services that are accessible and responsive to the needs of the people? For instance, how are vulnerable groups treated in the system.” Justice Muralidhar concluded his address by stating that without the cooperation of lawyers, no well-intentioned court can dispense justice and implement reform measures. Additionally, there is a string of continuity which is required in the reforms that are implemented in the court. Justice Muralidhar then answered a question on judicial training and commented on the need for it to be exhaustive and extensive. He stated that there was a need for language training and the issue regarding lack of resources at lower level of courts had to be addressed. Justice Madan B Lokur, former judge of the Supreme Court, was a co-speaker at the session. Report about his talk may be read here. Next Storylast_img read more

Arbitrariness And Mismanagement: NLAT 2020

first_imgColumnsArbitrariness And Mismanagement: NLAT 2020 Anadi Tewari13 Sep 2020 10:59 PMShare This – xLike May 13, 2018, when CLAT (Common Law Admission Test) 2018 took place, September 12, 2020, was a heavy day for every law student examinee who sat for NLAT (National Law Admission Test) 2020. The NLAT 2020 like CLAT 2018 was demoralizing; bringing out technical lapses, mismanagement, panic and pressure on student examinees of time running out. Due to the poor Artificial…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginLike May 13, 2018, when CLAT (Common Law Admission Test) 2018 took place, September 12, 2020, was a heavy day for every law student examinee who sat for NLAT (National Law Admission Test) 2020. The NLAT 2020 like CLAT 2018 was demoralizing; bringing out technical lapses, mismanagement, panic and pressure on student examinees of time running out. Due to the poor Artificial Intelligence Managing System, some student examinees didn’t even have a chance of attempting the test and proving their potential. I was allotted SLOT 1, where the reporting time was 12:00 PM and the entrance test was scheduled at 12:30 PM. I had decided to give the NLAT 2020 Entrance test via mobile (through the CoCubes Assessment app authorised by the examination authority), the log-in was done easily in that app via my Application Number and password, which were sent to me at my mail. The utter difficulty arose in the verification process. I tried verifying my Aadhar Card via the front camera, which took a few minutes to load but was later rejected stating my photo and name were not clear in the ID. It happened almost thrice after that when I lost patience and called the Technical Assistance Number: 8770487330 at 12:29 PM. I told him regarding the whole issue and was asked to share my ID (Aadhar card) on WhatsApp on the very same number. I readily did that but he didn’t see the message for around 2 to 3 minutes and then as the time was passing, I immediately called him at 12:31 PM and he asks me the same issue all over again and further asked me to share some proof of such issue arising at the verification time (NOTE: Due to privacy reasons, there is no option of taking a screenshot in that CoCubes Assessment App as soon as you log-in) and the call subsequently ended around 12:34 PM. I just realized that he too wasn’t sure about the next step in my issue. The matter of fact was that it was all happening between 12:32 to 12:37 PM (my slot for the test was scheduled at 12:30 PM and I had not yet started). We need to understand the mindset of any examinee at this particular moment, the pre-exam pressure, and one’s family’s expectations. Such technical lapses resulting in shoving the examinee in panic mode. I thought to give the verification part a last try and I then restarted the whole process again in the CoCubes Assessment App. I logged in again around 12:34 PM and to my utter surprise, the verification level which I was trying to clear for the past 40 to 42 minutes didn’t even appear and as soon as logged in, I was immediately directed to the questions for the main exam while the timer had already started and was displayed on the top right of the screen. At this time, the thing I had realized after a heavy day yesterday was I got the full time of 45 minutes to attempt my entrance exam (NLAT 2020) but when I analysed the whole scenario of incidents practically, I noticed that I appeared for my entrance directly when I logged in without even getting my details verified, which was a major issue for a large number of student examinee(s). I can’t say whether it was the technical assistant number whom I sent my ID on Whatsapp did something to skip that verification step and redirect me to the exam window, but why, does he had time to focus on and attend my issue when what has come to light now is that the majority of student examinee wasn’t even attended properly? I can’t put my money on that. The NLAT 2020, according to this examinee and hearing out the concerns raised by the other examinees was truly indistinguishable when compared with CLAT 2018. It was a sheer swindle by the premier law institute in India to add stars to its valour, no matter if the student examinee(s) passed out under pressure and broken dreams. After a notable number of candidates have shared miseries of technical lapses and verification issues, a technical review committee was formed to strictly review the grievances of the examinees who faced any technical difficulty during the conduction of NLAT 2020. The review committee has advanced for those examinees who faced any difficulty to be proffered another examination slot. The catch to note is that this advancement includes only those examinees who have filed an objection to the technical committee, and they will only be allowed to give the re-test on September 14, 2020, at 12 PM. NLAT 2020 was full of shambles and should have been avoided completely. Adding fuel to the fire of arbitrariness by the conducting authority, the re-exam is scheduled to take place for a few limited students only. This isn’t a level playing field anymore and that too for the premier law institute in the country. Candidates are bifurcated and are being awarded a chance to opt for re-test, based on who has filed a grievance to the technical committee. The sheer arbitrariness is reflected as to there exists no proper bifurcation of candidates for re-test since there exists no normalisation between the varying difficulty levels of the papers presented in the three slots at the time of the original exam conducted on September 12, 2020. The Supreme Court is yet to pronounce the validity of NLAT 2020. The prima facie outlook with the case in hand regarding the validity of NLAT 2020 (scheduled to be heard on 16 September 2020) should be to do justice with those student examinees who by some or the other way never even got a chance to prove their potential and secure a place in the premium law institute of India. The technical lapses under which I gave my exam without even verifying my details properly (imagine the number of examinees who might have gone through the same process), the below-average AI-managing system resulting in full-fledged cheating (with the usage of ZOOM Video App for linked paper-sharing on the screen) and the hard unfought battle for the student examinees (uncalled warnings on the screen leading to a lack in focussing on the paper) should lead to nullifying the NLAT 2020. Student examinees have invested a year or more preparing, and now sheer arbitrariness and mismanagement cannot supersede their hard work and subsequently cannot deny them to test their ‘full’ potential for the premium law institute of India, NLSIU Bangalore, as happened majorly in the NLAT 2020. As one of the student examinee, I on behalf of other examinees say in the words of Martin Luther King Jr., “No, No, we are not satisfied, and we will not be until justice rolls down like waters and righteousness like a mighty stream.” Views are personal of the author (Anadi Tewari is one of the student candidates who appeared in the National Law Admission Test (NLAT), 2020.) Next Storylast_img read more

Supreme Court Reserves Orders On Lifting Limitation Period Extension; AG Suggests Exclusion Of 15.03.2020 To 14.03.2021 From Limitation Period

first_imgTop StoriesSupreme Court Reserves Orders On Lifting Limitation Period Extension; AG Suggests Exclusion Of 15.03.2020 To 14.03.2021 From Limitation Period LIVELAW NEWS NETWORK4 March 2021 5:59 AMShare This – xThe Supreme Court on Thursday reserved orders on the lifting of the extension of the limitation period for filing of cases granted by the Court in March last year on account of COVID-19 pandemic and the national lockdown.A bench comprising Chief Justice of India SA Bobde, Justices L Nageswara Rao, and S Ravindra Bhat reserved orders after hearing the suggestions of the Attorney General for…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Thursday reserved orders on the lifting of the extension of the limitation period for filing of cases granted by the Court in March last year on account of COVID-19 pandemic and the national lockdown.A bench comprising Chief Justice of India SA Bobde, Justices L Nageswara Rao, and S Ravindra Bhat reserved orders after hearing the suggestions of the Attorney General for India, KK Venugopal.Suggestions of Attorney GeneralThe AG submitted a note with the following suggestions :1. In computing the period of limitation, period from 15.03.2020 to 14.03.2021 shall stand excluded.2. The balance period of limitation remaining as on 15.03.2020 shall be available w.e.f 15.03.2021.All person shall have an extra period of 90 days w.e.f 15.03.2021. If the balance period available is greater than 90 days, the greater period will be available for limitation with effect from 15.03.2021.3. The exclusion of the period 15.03.2020 to 14.03.2021 will also apply to proceedings under Arbitration and Conciliation Act, Negotiable Instruments Act and Commercial Courts Act.4.  If lockdown is re-imposed in any parts of the country, such lockdown period will also be excluded from computing limitation.5. The Government of India will amend the regulations to enable persons in containment zones to go out for emergency services, which will include legal filing purposes.SG requests for making the order applicable to PMLA attachment proceedingsThe Solicitor General, Tushar Mehta, requested the bench to make the exclusion of limitation period applicable to the period for confirmation of attachment proceedings under Sections 26 and 32 of the Prevention of Money Laundering Act as well.However, Senior Advocates Sidharth Luthra and Advocate Arshdeep Khurana told the bench that this issue was pending in appeal in the Delhi High Court. The bench was told that a single bench of the Delhi High Court had taken the view that the suo moto extension of limitation was not applicable to PMLA attachment proceedings. Against the singe bench decision, the Enforcement Directorate has filed appeal, which is pending before the Division Bench.The SG submitted that it was necessary to exclude limitation for PMLA proceedings as well so that attachment worth crores of rupees will lapse.Senior Advocate Luthra urged the bench not to mention anything about PMLA proceedings in the order as it will have the effect of allowing the appeals pending in the Delhi HC without hearing the parties.The CJI said that the bench will pass appropriate orders in this regard after considering the issue.Another lawyer mentioned that the bench had passed an order in July last year in the suo moto proceedings allowing the service of notice through WhatsApp and other online messenger services. The lawyer requested the bench to allow the continuation of that order.The CJI replied that the present proceeding was concerned only with the limitation period for filing of cases and observed that the bench did not wish to “complicate the matter”.Yesterday, a 3-judge bench headed by CJI had indicated that the suo moto extension of limitation will be lifted, and a 90 days grace period will be given with effect from the date of lifting of the same.It was on March 23 last year that the Supreme Court extended the limitation period for filing in all courts and tribunals with effect from March 15, 2020, until further orders. A bench headed by the Chief Justice of India passed this order suo moto taking note of the difficulties posed by the COVID-19 pandemic.On May 6, the Court extended the application of the order to proceedings under Arbitration Act and Section 138 of the Negotiable Instruments Act.Later, in July 2020, the SC clarified that this order will apply to Section 29A and 23(4) of the Arbitration and Conciliation Act, 1996 and Section 12A of the Commercial Courts Act, 2015.In December 2020, a two-judge bench of the SC had said that the suo moto extension of limitation was still in force.Click here to read/download the orderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Four people escape serious injury after their car overturns in Carrigans

first_img Four people escape serious injury after their car overturns in Carrigans Arranmore progress and potential flagged as population grows Important message for people attending LUH’s INR clinic RELATED ARTICLESMORE FROM AUTHOR Previous articleFailte Ireland hosting Visitor Experience Development Plan workshops in InishowenNext articleFinn Harps confirm board structure and new Media Officer News Highland By News Highland – January 14, 2020 Facebook Four people have escaped serious injury after the vehicle they were travelling in overturned in Carrigans in the early hours of this morning.Gardai attended the scene of the crash on the village’s main street and say the driver and three passengers were not badly injured.Motorists are again reminded to drive with caution particularly in wet or icy conditions.Cllr Paul Canning says road safety has been an issue for some time in the Carrigans area, and ramps will be installed there shortly.He says last night’s incident could have been worse……….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2020/01/cganspaulc1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. News, Sport and Obituaries on Monday May 24th Google+ Homepage BannerNews Pinterestcenter_img Pinterest WhatsApp Twitter Google+ Loganair’s new Derry – Liverpool air service takes off from CODA Facebook WhatsApp Twitter DL Debate – 24/05/21 Nine til Noon Show – Listen back to Monday’s Programmelast_img read more