Constance La Gaiete Company Limited (CSE.mu) 2015 Abridged Report

first_imgConstance La Gaiete Company Limited (CSE.mu) listed on the Stock Exchange of Mauritius under the Agri-industrial sector has released it’s 2015 abridged results.For more information about Constance La Gaiete Company Limited (CSE.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Constance La Gaiete Company Limited (CSE.mu) company page on AfricanFinancials.Document: Constance La Gaiete Company Limited (CSE.mu)  2015 abridged results.Company ProfileConstance La Gaiete Company Limited is headquartered in Port Louis and is involved in the farming and production of sugarcane. Constance La Gaiete Company Limited’s activities in the agro industry include the production of food crops, fruits (principally pineapples), and livestock (mainly broiler chicken). The company is also involved in real estate projects. Constance La Gaiete Company Limited is listed on the Stock Exchange of Mauritius.last_img read more

Casa ‘na’ / Studio Architect Shuji Hisada

first_imgArchitects: Studio Architect Shuji Hisada Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/158792/casa-na-studio-architect-shuji-hlsada Clipboard Year:  “COPY” Casa ‘na’ / Studio Architect Shuji Hisada CopyHouses•Japan Area:  145 m² Year Completion year of this architecture project 2010 CopyAbout this officeStudio Architect Shuji HisadaOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesJapanPublished on August 12, 2011Cite: “Casa ‘na’ / Studio Architect Shuji Hisada” 12 Aug 2011. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogAluminium CompositesTechnowoodWood Siding in KSR Villa BodrumWindowsMitrexSolar WindowMetal PanelsAurubisCopper Alloy: Nordic RoyalVentilated / Double Skin FacadeSTAC BONDAssembly Systems – GluedLightsLouis PoulsenLamps – LP Slim BoxUrban ApplicationsIsland Exterior FabricatorsPublic Safety Answering Center II Envelope SystemPodsTrimoModular Space SolutionsHanging LampsAxolightPendant Lights – HoopsStonesFranken-SchotterFlooring and Wall Tiles – Dietfurt LimestoneVentilated / Double Skin FacadeULMA Architectural SolutionsPaper Facade Panel in Nokia LibraryCabinetsburgbadWall Cabinet – Sys30AcousticUnika VaevAcoustics – Ecoustic® Foliar TileMore products »Read commentsSave想阅读文章的中文版本吗?’na’住宅 / Studio Architect Shuji Hisada是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ArchDaily Photographs:  Naca’sa & Partners Inc. – Atsushi NakamichiText description provided by the architects. Set in the country of a small farming village, this house was designed for a young family of middle class with a young parent and three daughters. Studio Architect Shuji Hlsada tried to create a ‘Place’ more than ‘Space’ for their life and a certain direction of a ‘Image’ for their selection any furnitures + making a garden, a terrace and so on freely. Shuji Hlsada decided to use almost all wood as a structure and finishing material. He hopes the exterior’s wall will be covered in ivy in the future.Save this picture!© Naca’sa & Partners Inc. – Atsushi NakamichiRecommended ProductsWoodGustafsWood Veneered Wall & Ceiling PanelsWoodSculptformTimber Click-on BattensWoodParklex International S.L.Wood cladding – FacadeWoodBruagBalcony BalustradesProject gallerySee allShow less2011 Orchids and Onions CompetitionArticlesHistorical Park of Medieval Bosnia / FILTER ArchitectureArticles Share Projects Japan ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/158792/casa-na-studio-architect-shuji-hlsada Clipboard Photographs Houses Casa ‘na’ / Studio Architect Shuji HisadaSave this projectSaveCasa ‘na’ / Studio Architect Shuji Hisada Save this picture!© Naca’sa & Partners Inc. – Atsushi Nakamichi+ 36 Share “COPY”last_img read more

Urban Hut / Takehiko Nez Architects

first_img Urban Hut / Takehiko Nez Architects “COPY” CopyHouses•Tokyo, Japan Photographs Area:  44 m² Year Completion year of this architecture project Photographs:  Takumi Ota PhotographyText description provided by the architects. The young clients, sister and brother, lost parents at their teens, lived in the downtown Tokyo. Modest, rough and tough house to have a strong hold on the changes of the times like weeds is suitable for them.The house without finish on façade stands in disordered scenery of typical downtown. Save this picture!© Takumi Ota PhotographyRecommended ProductsEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAIt was required maximum floor in the compact box on 30 square meters’ site and basic performance as a private house. Save this picture!© Takumi Ota PhotographyThe central staircase with the roof light sends sunlight to each spaces through the studs and stairs rising to the top floor without a landing to the middle floor. The partitions of translucent glass and plywood give the adequate relationship and privacy in the two completely different rhythm and pattern of life. It can be called an urban vernacular house that is compactly made by the raw material like a corrugated cardboard house, made with skin and born like a hut, stacked with thin objects and narrow spaces in the tiny lot. Save this picture!© Takumi Ota PhotographyIf the house’s magnetism is not greatest at completion but greater gradually for the lifespan, creator’s role of the house should be inherited from architects to residents to accustom itself to their lifestyle. Tolerance letting residents’ imagination intervene is designed as stacking spaces with half scale, shallow blank gap, and incomplete finishes. It is pleased that clients are managing to live comfortably with unexpected discovery beyond the pre-established imagination.Save this picture!© Takumi Ota PhotographyProject gallerySee allShow lessProtection Project and Musealization of Séviac Archaeological Site / Carrilho da Gra…ArticlesEuropan 11 Proposal: ‘Counterspace’ / CODAArticles Share Save this picture!© Takumi Ota Photography+ 17 Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/195686/urban-hut-takehiko-nez-architects Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/195686/urban-hut-takehiko-nez-architects Clipboard Projects Year:  ArchDaily Houses Architects: Takehiko Nez Architects Area Area of this architecture project Urban Hut / Takehiko Nez ArchitectsSave this projectSaveUrban Hut / Takehiko Nez Architects Japan 2011 “COPY” CopyAbout this officeTakehiko Nez ArchitectsOfficeFollowProductsGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesTokyoJapanPublished on December 29, 2011Cite: “Urban Hut / Takehiko Nez Architects” 29 Dec 2011. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogSinkshansgroheBathroom Mixers – Metropol ClassicVinyl Walls3MVinyl Finish – DI-NOC™ StonePartitionsSkyfoldVertically Folding Operable Walls – Zenith® SeriesPanels / Prefabricated AssembliesProdemaProdEx Wood Facade in the Aspen Art MuseumSealantsSikaRenovation of Zeitz MuseumSinksBradley Corporation USAVerge Coordinated Soap Dispenser and Faucet SetsWoodLunawoodThermo Timber and Industrial ThermowoodAcousticFabriTRAK®FabriFELT™ for Walls and CeilingsGlassDip-TechDigital Ceramic Etch PrintingWindowspanoramah!®ah! Ultra MinimalistEngineered Wood FlooringAustralian Sustainable Hardwoods (ASH)Australian Oak Engineered FlooringLouvers / ShuttersConstruction SpecialtiesSunshades – Airfoil LuxMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Saavedra House / Juan Alberto Morillas Martín + Francisco Salv…

first_img Spain Save this picture!© Jesús GranadaThe solution was to excavate a large patio one full storey high. Over this a round and simple volume is planted that complies with the regulations and which stresses the idea of a box supported at the sides. Save this picture!© Jesús GranadaThe entrance to the house and the bedrooms are built into the storey at ground level. The basement level is dedicated to an open living space which faces the excavated patio. A double height area links the two levels creating a space that articulates the house.Save this picture!© Jesús GranadaProject gallerySee allShow lessDesign Excellence of US Embassies: Openness and SecurityArchitecture NewsPiraeus Museum for Underwater Antiquities Competition Entry / Various ArchitectsUnbuilt Project Share Area:  31520 m² Area:  31520 m² Year Completion year of this architecture project CopySave this picture!SectionRecommended ProductsPorcelain StonewareApavisaTiles – Nanoconcept 7.0Porcelain StonewareApariciPorcelain Tiles – BrickworkPorcelain StonewareGrespaniaPorcelain – Palace Port LaurentText description provided by the architects. This site was a 750m2 irregular plot in Retamar, a low density residential area some distance from the city centre. It had planning permission for 1 story at ground level with a maximum surface area of 150 m2. The owners however, were interested in constructing to double this allowed surface. Saavedra House / Juan Alberto Morillas Martín + Francisco Salvador Granados Projects ArchDaily “COPY” Year:  2009 Architects: Francisco Salvador Granados, Juan Alberto Morillas Martín Area Area of this architecture project “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/337047/saavedra-house-juan-alberto-morillas-martin-francisco-salvador-granados Clipboard photographs:  Jesús GranadaPhotographs:  Jesús Granada+ 29 Share 2009 Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/337047/saavedra-house-juan-alberto-morillas-martin-francisco-salvador-granados Clipboard Photographs Houses CopyAbout this officeJuan Alberto Morillas MartínOfficeFollowFrancisco Salvador GranadosOfficeFollowProductsStoneConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRetamarHousesSpainPublished on March 03, 2013Cite: “Saavedra House / Juan Alberto Morillas Martín + Francisco Salvador Granados” 03 Mar 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodWood Siding in KSR Villa BodrumPlasticsMitrexSolar SidingMetal PanelsAurubisOxidized Copper: Nordic BrownEnclosures / Double Skin FacadesCupa PizarrasCupaclad® 101 Random in Les PalmiersUrban ApplicationsIsland Exterior FabricatorsPublic Safety Answering Center II Envelope SystemConcreteKrytonConcrete Hardening – Hard-CemSkylightsVELUX CommercialModular Skylights – Ridgelight 25-40°Porcelain StonewareGrespaniaPorcelain Tiles – Coverlam ImperialWindowspanoramah!®ah! Vertical SlidingFastenersSchöckConcrete Façade Fasteners – Isolink®CarpetsFabromont AGTextile Floor Covering – Arena®CoatingsFormicaLaminate – ColorCore®2More products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Saavedra House / Juan Alberto Morillas Martín + Francisco Salvador GranadosSave this projectSaveSaavedra House / Juan Alberto Morillas Martín + Francisco Salvador GranadosSave this picture!© Jesús GranadaHouses•Retamar, Spainlast_img read more

New Poundland Foundation commits to grants of £2.5m over two years

first_imgAt the launch of the charitable foundation Poundland managing director Barry Williams thanked staff and customers for all their charity fundraising efforts to date. Funding for the foundation Tagged with: corporate Funding sport New Poundland Foundation commits to grants of £2.5m over two years Applications for the first grant window will open at 9am on Tuesday 1 June. There are 250 grants of up to £750 each available to provide kits or equipment for local children’s sports team. Applications to the Poundland Foundation will be considered for any kind of team sport – from football to netball, hockey to volleyball.  The Poundland Foundation has received approval from the Charity Commission for England and Wales. He added: “As a sports fan and a dad with sports-mad kids, I’m very excited about helping kids get and stay active – whatever the sport.”  AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 £825,000 in grants available in-store fundraisingcarrier bag donationsand the partnership with Pennies, the charity that collects micro-donations through chip and pin machines.  Howard Lake | 28 May 2021 | News Over the past four years Poundland, which now has a network of over 850 stores in the UK and the Republic of Ireland, has raised over £4.5m for charities and community causes.center_img Money for the foundation will come from: The Poundland Foundation will continue to support Poundland’s existing charity partnership with Make-A-Wish® UK, Tommy’s and Whizz-Kidz with a £2.5 million commitment over the next two years.  Advertisement This focus is based in part on Sport England’s research which has shown that the proportion of children taking part in physical activity for an hour or more dropped from 47% to 19% during the first lockdown.  1,277 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Charity partnerships Discount retailer Poundland has announced its new charitable foundation, under which all its charity fundraising and donations activity will be delivered. He added: “Poundland has got a strong tradition of supporting good causes, nationally and locally, and I want to thank all our colleagues and customers for all their fundraising efforts.” In addition the Foundation is offering £825,000 in grants over the next 12 months to community projects, starting with sports kits for children.  Watch the Poundland Foundation 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

Guests Par-Tee’d for Children’s Healthcare at the Young & Healthy Gala

first_img Community News More Cool Stuff Top of the News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News Name (required)  Mail (required) (not be published)  Website  Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS HerbeautyWeird Types Of Massage Not Everyone Dares To TryHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyCouples Who Stuck With Each Other Despite The Cheating ScandalHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyFinding The Right Type Of Workout For You According AstrologyHerbeautyHerbeautyHerbeautyFollow This Summer Most Popular Celeb Beauty TrendHerbeautyHerbeautycenter_img On Saturday, January 26, guest party in Caddyshack style at the Young & Healthy Gala held at the La Canada Flintridge Country Club.Guests dusted off their argyle sweaters, pulled out their Lilly Pulitzer and donned their best plaid to benefit Young & Healthy and the children of the greater Pasadena area who are in need healthcare.Honorees for the evening were the DiMassa Family/Summerkids receiving the Alliance Award and Dr. Janice Da Volio and Dr. Seth Vaccaro receiving the J. Donald Thomas Award.These awards are given to those whose dedication, perseverance and selfless devotion to the well-being of children exemplify the spirit that led to the founding of Young & Healthy’s healthcare program over 27 years ago.Young & Healthy’s mission is to provide access to high-quality healthcare for uninsured and underserved children and families and to improve the quality of life for all children in the greater Pasadena area through prevention, education and enhanced healthcare services.For more information call (626) 795-5166 or visit www.yhpasadena.org. First Heatwave Expected Next Week Community News 85 recommendedShareShareTweetSharePin it Make a comment Your email address will not be published. Required fields are marked * Benefits Guests Par-Tee’d for Children’s Healthcare at the Young & Healthy Gala From STAFF REPORTS Published on Monday, January 28, 2019 | 6:06 pm Subscribe Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Homes are Shrinking Again

first_img Homes are Shrinking Again Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago New single family homes are starting have been shrinking, according to the National Association of Homebuilders (NAHB).According to Q1 2017 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area was slightly lower at 2,389 square feet. Average (mean) square footage for new single-family homes declined to 2,628 square feet.According to the data, home sizes reached a plateau in 2015 and 2016 after experiencing a steady rise post-recession, but have started to drop off since. The current average home size is 2,624 square feet, 10 percent higher than the cycle low. The median size is 14 percent higher, at 2,402 square feet.NAHBThe post-recession increase in single-family home size is consistent with the historical pattern coming out of recessions. Typical new home size falls prior to and during a recession as home buyers tighten budgets, and then sizes rise as high-end homebuyers, who face fewer credit constraints, return to the housing market in relatively greater proportions.This pattern was exacerbated during the current business cycle due to market weakness among first-time homebuyers. But the recent declines in size indicate that this part of the cycle has ended and size will trend lower as builders add more entry-level homes into inventory.Meanwhile, while single-family is up post-recession, new multifamily apartment size is down compared to the pre-recession period. According to the NAHB, this is due to the weak for-sale multifamily market and strength for rental demand Share Save Home / Daily Dose / Homes are Shrinking Again  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily center_img Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago May 17, 2017 3,057 Views Buyers Home Size Homes 2017-05-17 Seth Welborn Tagged with: Buyers Home Size Homes in Daily Dose, Featured, Market Studies, News About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Previous: Examining Credit State By State Next: New York: A Property Tax Epicenter Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Promoter-Directors Of Resolution Applicant, Who Are Also Guarantors Of Company, Not Entitled To Immunity Blanket Of IBC S.14: Calcutta HC [Read Order]

first_imgNews UpdatesPromoter-Directors Of Resolution Applicant, Who Are Also Guarantors Of Company, Not Entitled To Immunity Blanket Of IBC S.14: Calcutta HC [Read Order] Mehal Jain22 Sep 2020 7:17 AMShare This – xThe Calcutta High Court has ruled that section 29-A or 31 of the IBC would not provide a shield against the operation of its section 14(3)(b) and that the promoter-directors of the Resolution Applicant-Company, who are also guarantors of the Company, would not come under the immunity-blanket of Section 14.The Court also iterated that the 2015 RBI Master Circular on Wilful Defaulters does…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 Calcutta High Court has ruled that section 29-A or 31 of the IBC would not provide a shield against the operation of its section 14(3)(b) and that the promoter-directors of the Resolution Applicant-Company, who are also guarantors of the Company, would not come under the immunity-blanket of Section 14.The Court also iterated that the 2015 RBI Master Circular on Wilful Defaulters does not mandate that the Show Cause Notice must disclose the basis of the satisfaction of the concerned Committee or the conclusion arrived at from the evidence before it that there has been a “wilful default”.The challenge in the writ petition before Justice Moushumi Bhattacharya was to a notice issued by the respondent State Bank of India to the petitioners by which the petitioners have been called upon to show cause and make submissions in writing within 30 days from the date of receipt of the notice as to why their names should not be included in the list of wilful defaulters as per the Reserve Bank of India (RBI) Guidelines. The Show Cause Notice dated 14th November, 2019 was followed by correspondence between the parties culminating in a notice for personal hearing dated 6th August, 2020 by which the petitioners were called upon to personally appear before the WilfulDefaulter Identification Committee on 24th August, 2020 at a specific time. Both these notices had been challenged in this writ petition and the petitioners sought cancellation of these notices.The Single Judge appreciated that the scheme framed by the RBI was to identify events of wilful default by borrowers where the particular unit has defaulted in its payment obligations to the lender despite having a capacity to pay or has diverted the borrowed funds for some other purpose other than the specific purpose for which the funds were made available. The scheme evolved a mechanism of identifying such defaults by various methods of monitoring and prevention.”The first point in this writ petition is whether the Company and the petitioners can be subjected to proceedings for identification of Wilful Defaulters under the RBI Master Circular, 2015 in the face of the ongoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Section 14 of the IBC is relevant. Paragraph 1 of the writ petition describes the petitioners as the erstwhile directors as well as the erstwhile promoters and guarantors of the Company, Mohan Motor Udyog Private Limited, which is presently undergoing CIRP by virtue of an order dated 17th March, 2020 passed by the NCLT, Kolkata Bench. By the said order, Moratorium was declared for the purposes as referred to under Section 14 of the IBC. The order of Moratorium is to remain effective from the date of admission till the completion of the CIRP”, recorded the bench.The bench appreciated that it is clear from section 14(3)(b) that the prohibition on institution or continuation of suits and other proceedings against the corporate debtor do not extend to a surety. The bench noted that Section 29-A (Persons not eligible to be Resolution Applicant) lists the categories of persons who are not eligible to submit a resolution plan and includes a wilful defaulter under the RBI guidelines (clause (b)) as well as “a connected person” enumerated under clause (j) including a promoter of the resolution applicant (the Company in this case).Against these provisions, the case sought to be made out on behalf of the petitioners was that the petitioners would altogether be excluded from participating in the resolution process despite being inextricably linked to the fate of the corporate debtor. In other words, the petitioners would suffer a double-whammy as it were and be left to fend for themselves even when a moratorium is declared under section 14 while being deprived of the fruits of a successful resolution process.”However attractive this argument may be in the context of the apparent unfair treatment meted out to promoters of a corporate debtor, section 128 of the Indian Contract Act, 1872 must be kept in mind where the liability of the surety is co-extensive with that of the principal debtor unless the contract provides to the contrary”, reflected the bench, ruling that the argument that section 29-A or 31 would provide a shield against the operation of section 14(3)(b) and that the petitioners would come under the immunity-blanket of section 14 is contrary to the law governing insolvency resolution process and the RBI guidelines for dealing with wilful defaults of corporate entities.Moving on to the second issue, the Court noted that the second issue is validity of the impugned Show-Cause Notice on the ground that the said notice does not comply with the RBI guidelines relating to wilful defaults by an entity as expressed in the Master Circular which is binding on the respondent Bank. According to the petitioner, the impugned show-cause notice belied not only the formation and constitution of the “Committee” under clause 3(a) of the Master Circular but also sub- clause (b) which requires formation of opinion by the Committee before a show-cause notice is issued to the intended party.The bench appreciated that Clause 3(a) specifies the composition of the Committee which is entrusted with the task of first identifying and then examining the evidence of wilful default. The petitioners’ case was that the Show Cause Notice which was issued by the Deputy Managing Director and signed by the Deputy General Manager, falls short of clause 3(a) and that any deviation from the prescribed composition would warrant quashing of the Show Cause Notice.”The question which would arise is whether the post of Deputy Managing Director (mentioned as the head of the ‘appropriate committee’ in the impugned notice) is equivalent to that of the Executive Director (under clause 3(a)) of the Master Circular. The stress on equivalence would be justified from the use of this very expression in clause 3(a) which allows for a loosening of the composition of the Committee by prescribing “…headed by an Executive Director or equivalent…” (underlined for emphasis). It is also significant that the show cause notice clarifies that the composition of the Committee- or the departure from the recommended composition- is “as approved by RBI”. It is also significant that clause 3 of the Master Circular slackens the rigour of the requirements by using the expression “…should generally include the following” and puts the stress more on a pyramidal power structure of the Committee of a head who is ranked higher than the two senior officers of the rank of GM/DGM who form the base of the structure”, observed the bench. Therefore, it ruled that the first contention with regard to an improperly constituted Committee under a Deputy Managing Director instead of the recommended Executive Director, fails.The next issue was of the appointed Committee not applying its mind or making such non-application evident in the Show Cause Notice thus rendering it vulnerable. The bench noted that Clause 3(b) starts with “If the Committee concludes that an event of wilful default has occurred…” thereby implying that the condition precedent to issuing a Show Cause Notice to the concerned borrower is of the Committee forming an opinion on the basis of available evidence as to whether there has been a “wilful default” under clause 3(a).The petitioners contended that the impugned Notice was devoid of any indication that the ‘appropriate Committee’ had indeed done what it is supposed to do under clause 3, namely apply its mind to the materials which would identify the petitioners for the purposes of the Show Cause Notice.” For assessing the worth of this contention, the impugned Notice should be seen against the mandate of clause 3(b). While it is correct that the first page of the Notice is opaque in terms of making the workings of the Committee’s mind known to the petitioners/recipients of the Notice, the lacuna is addressed by theAnnexure to the Notice stating the “Justification/Reasons for declaring the Borrower as Wilful Defaulter”. The accompanying tabulated statement lists the criteria for classification as Wilful Defaulter as per the RBI Master Circular dated 1st July, 2015 with further references to the “Events of Default” and “Evidences and documents substantiating each event of wilful default”. It should also be mentioned that the respondent has furnished a Resolution of the Wilful Defaulter Identification Committee dated 17th June, 2019 in relation to the Company which contains a Proposal “For approval for identification of Wilful Defaulters and issuance of Show Cause Notices”. The Resolution further encloses “Agenda Item No. 2080″ followed by factual events of default corresponding to the relevant clauses of the Master Circular”, narrated the bench.The bench framed two questions in this behalf: a) It is necessary for a Show Cause Notice to disclose the basis of the conclusion arrived at by the Committee under clause 3(a)? and b) If yes, how can such application of mind/formation of opinion be made apparent on the face of the Show Cause Notice?The bench opined that both these questions can be answered from a plain reading of clause 3 of the Master Circular. First, the clause does not mandate that the Show Cause Notice must disclose the basis of the satisfaction of the concerned Committee or the conclusion arrived at from the evidence before it. What clause 3(a) requires is that the Committee and its members must “examine” the evidence of wilful default of a borrower before proceeding to sub-clause (b). Clause 3(b) comes at the stage of completion of examination of the available evidence whereupon the Committee may or may not conclude that an event of default has occurred. If it does, only then will it take steps for issuing a Show Cause Notice under the said clause.Accordingly, the court concluded that in the facts of the present case, the contention of the petitioners of the impugned Notice being devoid of any indication of application of mind by the Committee is not acceptable on two grounds. First, the Master Circular does not require it and more important, the Annexure to the Show Cause Notice coupled with the Resolution of the Committee dated 17th June, 2019 provides sufficient material (and particulars specific to the Company of which the petitioners are guarantors) to satisfy that the Committee had indeed fulfilled its mandate under both sub-clauses (a) and (b) of clause 3.”One of the most obvious ways in which working of the mind or some sort of deliberation by the persons concerned can be shown is by articulation of the findings arrived at with reference to a meeting (including of minds) where such deliberation palpably took place and the findings being relatable to the materials/evidence before the Committee entrusted with the duty to sift through the evidence to come to the conclusions”, held the bench.The Court declared that the challenge to the impugned notices failed and dismissed the writ petition.Click Here To Download Order[Read Order] Next Storylast_img read more

Brundidge native earns spot on TV show

first_imgLatest Stories Plans underway for historic Pike County celebration Email the author Remember America’s heroes on Memorial Day Book Nook to reopen By The Penny Hoarder Brundidge native earns spot on TV show Published 3:00 am Tuesday, January 10, 2017 Skip Troy falls to No. 13 Clemson You Might Like Shenandoah singer to join Songwriters Showcase Marty Rayborn will take part in the Songwriters Showcase hosted by Troy Arts Council. If the name Marty Raybon doesn’t… read more Brundidge native Marley Harbuck Gibson will appear on the TV Food Network’s Cooks vs. Cons at 8 p.m. Wednesday.Gibson is the bestselling author of more than 20 books in adult contemporary romance fiction, young adult and non-fiction.“I’m super-psyched that I’ll be on Cooks vs. Cons Wednesday night,” Gibson said. “Anyone who has read my books and knows me knows that I’m a huge foodie and a closet gourmet chef. This is a great opportunity to test my culinary skills against three tough competitors. The cooks must incorporate a secret ingredient into their dishes during the two rounds of competition.At the end of the second round, the cook that prepared the dish judged best is the winner. If the winner is a “cook,” the prize money is $10,000. If the winner is a “con,” the prize money is $15,000.Gibson said she just happened into the contest.“My husband, Patrick, is a tour guide in Savannah and, when he is at work is when I do my best writing,” Gibson said. Sponsored Content By Jaine Treadwell Print Article Gibson is a longtime fan of the TV Food Network and attended culinary school via the TV show.“When the network aired Cooks vs. Cons I was intrigued,” she said. “Two professional, who could be cooks at restaurants, food trucks or master chefs, and two imposters that are only home cooks compete in two rounds.”Gibson said in the first round the cooks prepare a dish of their choice and one cook is eliminated at the end of that round. The second round requires the cooks to prepare a specified dish. “One night, I turned on the Food Network to have some background noise and saw the show. I Googled to know more.  Bama had won and I had nothing better to do so I filled out an online application.”Gibson said, evidently, her “quirky” lifestyle as author, ghost hunter and scuba diver caught somebody’s interest.The interview process was extensive. Gibson said the process required her to literally “work up the food chain.” After four computer interviews, the next step in the interview process was to “cook for them.”“I had to slice an onion and a pepper so they would know that I had some culinary skills,” Gibson said. “Then I had to cook a dish. I chose my chicken waffle with a poached egg on top. I was so hopeful that my egg would run like it was supposed to run.”And, it did.The production company then required a video interview in which a dish was prepared. When all of the flour dust settled, Gibson was selected from about 900 applicants to appear on Cooks vs. Cons.The show was to be taped in October in New Jersey. Gibson was to arrive on a Monday to be in the studio on Tuesday.But there was a problem. Hurricane Matthew had its eye on Savannah. Gibson realized that she might not be able to get a flight out. She called the Food Television Network and explained her dilemma and was asked if should be on the 6:05 flight out of Savannah that night.“I ran around like a chicken with my head cut off and was able to catch the flight, which was the next to the last flight out before the airport closed,” Gibson said. “Because of the hurricane, I also got to say over a few extra days.”On Wednesday night, many of Gibson’s fans, who span the country, will be anxiously watching Cooks vs. Cons in hopes that their favorite author and/or ghost hunter will cook up a storm and take home the big prize.“I don’t know what I’ll look like dashing around the kitchen like a crazy person,” Gibson said, laughing. “One of the other competitors said he knows that he’ll look like a hot mess. That may be exactly the way I’ll look but I’m excited and looking forward to ‘the show.’” Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… Around the WebIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthBet You’re Pretty Curious About Jaden’s Net Worth Right About Now, HuhBradofoThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. 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Woman accused of sneaking into Bronx Zoo lion exhibit arraigned

first_imgNYPD(NEW YORK) — The woman who allegedly sneaked into the lion exhibit at the Bronx Zoo was arraigned Friday on criminal trespass charges in Bronx criminal court. Myah Autry, 29, made headlines after a video of her appeared to show her standing and dancing in front of a lion at the zoo on Sept. 28.It is not clear how she got into the exhibit. Officials described it as a “fenced or otherwise enclosed” area that housed both giraffes and lions.The zoo told police there is a moat with an approximately 14-foot drop between where the woman was allegedly standing in the video and the lion.Autry, a Brooklyn resident, was arrested Wednesday night after turning herself in, according to the New York Police Department. She was charged with two counts of criminal trespassing.Police had asked for the public’s help in finding her after the incident.Autry did not respond to ABC News for comment.Calls to the zoo were not immediately returned Friday.In a previous statement, a spokesperson said the action “was a serious violation and unlawful trespass that could have resulted in serious injury or death. Barriers and rules are in place to keep both visitors, staff, and animals safe.”Autry was released on her own recognizance and is due back in court on Dec. 22. Copyright © 2019, ABC Audio. All rights reserved.last_img read more