Private equity firm to purchase 48.7% stake in Gamenet

first_img Private equity firm to purchase 48.7% stake in Gamenet AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 24th October 2019 | By contenteditor New York-based private equity firm Apollo Global Management has agreed to acquire 48.67% of the issued share capital in Gamenet from the two largest shareholders in the Italian gaming operator.Apollo will purchase 8,600,000 shares from TCP Lux Eurinvest, representing a 28.67% stake in Gamenet, as well as 6,000,000 shares from Intralot Italian Investments, accounting for 20.0% of the Gamenet business.The agreements state that Apollo will pay €12.50 for each share, which values the overall purchase price at €182.5m (£157.7m/$203.1m). TCP will receive €107.5m for its shareholding, while Apollo will pay Intralot €75m for its stake.Both deals are subject to anti-trust approval from the European Commission, as well as clearance from Italian gaming regulatory authority, Agenzia delle Dogane e dei Monopoli.Gamenet said it expects to secure full approval before the end of 2019, with both transactions set to be completed in the first quarter of next year.Apollo intends to fund the transaction, including any potential refinancing of the Gamenet’s existing debt, through a combination of its own cash resources, and a fully committed debt financing from international banks. Email Address Finance Tags: Online Gambling Subscribe to the iGaming newsletter Topics: Finance Strategy Regions: Europe Southern Europe Italy New York-based private equity firm Apollo Global Management has agreed to acquire 48.67% of the issued share capital in Gamenet from the two largest shareholders in the Italian gaming operator.last_img read more

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Jumbo Interactive sees H1 profit fall despite revenue and sales growth

first_img24th February 2021 | By Robert Fletcher This left a profit before tax of $19.1m, down 7.8% from $20.7m at the same point in 2019. Jumbo paid $5.9m in tax, resulting in a profit of $13.2m, down 8.3% year-on-year. Finance Jumbo also accounted for a negative impact of $109,000 as a result of foreign currency translations, meaning it ended the half with a profit of $13.1m, a drop of 9.0% on the corresponding period in 2019. Australian lottery retailer Jumbo Interactive has reported a year-on-year decline in comprehensive profit for the first half of its financial year, despite an increase in sales helping drive revenue up in the period. Revenue for the six months through to 31 December 2020 totalled AUS$40.9m (£22.9m/€26.6m/US$32.4m), up 8.8% from $37.6m in the same period in 2019. Jumbo Interactive sees H1 profit fall despite revenue and sales growth Tags: Jumbo Interactive Topics: Finance Lottery H1 results 2020 Results 2020 Online lottery Retail lottery Other business activity saw Tabcorp in September agree to sell its 11.6% stake in Jumbo Interactive for $97.8m. Also in November, Jumbo secured a remote gambling software operating licence from the British Gambling Commission, while the retailer in September named veteran Australian executive Susan Forrester as chair of its board of directors. Subscribe to the iGaming newsletter Breaking down its revenue performance, lottery retailing was by fair Jumbo’s main source of income, with revenue in this business segment amounting to $37.8m, up 2.7% on the previous year.center_img In terms of other key highlights for Jumbo during the first half, the retailer in November agreed a deal to supply the Western Australia’s Lotterywest with its online software platform and related services – its first agreement with a government-owned lottery. Managed services revenue was also up by 655.1% to $1.5m, helped by a full six months of contributions from the Gatherwell UK lottery business, compared to just one month in the comparable period in 2019. “We’re delighted with the group results which show our new business segments helping to lift results in periods when the Jackpot cycles are low,” Veverka said. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “For the first time, we are reporting our results in three segments, reflecting the evolving strength and diversity of Jumbo, as we continue to leverage our superior lottery management capabilities and technology to reshape our business, making lotteries easier for our partners and customers, and underpinning our continued growth, both domestically and offshore,” Jumbo’s chief executive and executive director Mike Veverka said. Jumbo also noted that total transaction value for the business, comprising the gross amount received from the sale of goods and services rendered in the half, increased by 25.6% to $47.5m as a result of growth within the SaaS and managed services segments. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the half was up by 0.9% year-on-year to $23.1m. Lottery retailing EBITDA reached $15.4m, SaaS $10.4m, managed services $464,000 and other revenue $187,000, but Jumbo also reported a corporate loss of $3.4m. Cost of sales in H1 was up by 45.2% to $4.1m, mainly due to the new service fee under the reseller deal agreed with Tabcorp in August 2020. Jumbo also noted a 15.5% increase in operating costs to $18.1m, primarily as a result of higher administrative costs, which climbed 36.6% to $15.3m. Regions: Australia Revenue from the software-as-a-service (SaaS) segment also rocketed 200.4% to $1.6m, due to the scaling up of some customers that became fully operational in the period. Email Addresslast_img read more

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Tanzania Cigarette Company Limited (TCC.tz) 2003 Annual Report

first_imgTanzania Cigarette Company Limited (TCC.tz) listed on the Dar es Salaam Stock Exchange under the Agri-industrial sector has released it’s 2003 annual report.For more information about Tanzania Cigarette Company Limited (TCC.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Tanzania Cigarette Company Limited (TCC.tz) company page on AfricanFinancials.Document: Tanzania Cigarette Company Limited (TCC.tz)  2003 annual report.Company ProfileTanzania Cigarette Company Limited (TCC) is a tobacco company in Tanzania which manufactures, distributes and markets cigarettes under the following brands; Camel, Winston, LD, Embassy, Portsman, Sweet Menthol Safari Club and Crescent & Star. The company also exports cigarettes to the Democratic Republic of Congo, Mozambique and Zambia. TCC is the only cigarette producer in Tanzania and has a 90% share of the domestic market. It was founded in 1961 as East African Tobacco; nationalised during the Ujamaa Movement in 1975 and later privatised when the government of Tanzania sold its controlling share. TCC is a subsidiary of Japan Tobacco International Holding BV, which has a 75% stake in the company. Tanzania Cigarette Company Limited is listed on the Dar es Salaam Stock Exchangelast_img read more

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Greece on edge of abyss: What will Jan. 25 elections bring?

first_imgStriking workers in Athens on Sept. 23, 2014.Every political and economic problem afflicting Europe has a worse case scenario in Greece. Whichever party wins the snap election called for Jan. 25 will either offer a small ray of hope or another five years of failed austerity.The Greek Constitution calls for elections when the parliament can’t elect a new president. This happened in late December 2014.The two major parties contesting the parliamentary elections are New Democracy, which is leading the current government headed by Prime Minister Antonis Samaras, and Syriza, the official opposition led by Alexis Tsipras.The European bourgeoisie, in particular the German Finance Minister Wolfgang Schaeubel, has said that if New Democracy and Samaras win the upcoming vote, then the bailout will continue along with austerity. If Syriza wins, they say, then the resulting chaos will likely force Greece out of the European Union.Economic problems make disaster for workersDeflation, a general fall in prices, wages and economic output and profits, has been raging since 2008. From its high point in 2007 — when the Greek economy was still growing — to 2014, the Greek output of goods and services has fallen by 33 percent, based on official Greek economic statistics. (qz.com) This is a sharper fall than the United States experienced during the the Great Depression in the 1930s.In November 2014, Greece’s economy minister declared his country’s six-year recession over. The Guardian, a British newspaper that carefully covers Greece, then surveyed hundreds of Greek families. Only 12 percent said they saw any signs of improvement.The Guardian’s Greece correspondent summed up its findings in a Nov. 27 article:“The ‘success story’ peddled by the government differs wildly from what life is really like on the ground — with plummeting living standards, unprecedented unemployment and the inability of most to keep up with bills, including the barrage of new taxes that can change with lightning speed on any given day.“Five years down the road the crisis, to great degree, has been ‘normalized,’ but the disconnect is evident in the collateral damage … suicides, homelessness, a middle class pauperized by austerity.”The official unemployment rate is 27 percent. For youth under 30, at least 50 percent are out of work. Most jobless Greeks haven’t had a paycheck for two years. These figures don’t count the many workers whose pay is one to six months late. (New York Times, Dec. 29)Over 400,000 Greek families have no one in the family working, which means they have to depend on private food pantries to eat. (Newsweek, Oct. 14)The so-called economic troika — the International Monetary Fund, the European Central Bank and the European Commission — demanded 800 separate measures of cuts and tax increases in Greece. They were designed to lower Greece’s foreign debt in relation to its output and thus make it easier for Greece to meet its bond obligations. Instead, the debt-to-gross-domestic-product ratio has grown. This makes it abundantly clear that Greece’s debt cannot be paid off for decades under the current financial structure.The political struggle: general strikes and electionsGreek workers did not take these vicious attacks lying down. At least 40 general strikes and major strikes in transportation and steel have taken place, generally involving all three union confederations. The struggles were particularly intense from 2010 to 2012, but almost always the bourgeoisie was able to beat them back and avoid making any major concessions.While Syriza didn’t oppose these strikes, it did not have many members who were workers, so it did not have much influence. The Greek Communist Party (KKE) and the Greek Socialist Party (PASOK) were the political parties with the deepest connections to the labor movement, though PASOK was often a junior member of the governing coalition.Syriza got 16 percent of the vote in the 2012 election when its position on remaining in the eurozone and rescheduling Greece’s debt was ambiguous. After the vote, in the process of moving from an electoral coalition to a party, Syriza made its move to the center clearer: It adopted a position that Greece should remain in the EU and pay off what it owed out of its economic growth.Running on a platform of “a left government” and “unity of the left” in June 2014 — when the total bankruptcy of the troika’s austerity policy was clear to the Greek people — Syriza got 27 percent of the vote, second to New Democracy.Polls favor it to finish first in the Jan. 25 elections. Even finishing first, however, is no guarantee that Syriza will be able to form a government.According to Panagiotis Karystinos of Communist Revolutionary Action (KED), “The KKE claims that Syriza is just one more bourgeois party. Since Syriza does not proclaim to overthrow capitalism or break with the EU, it will do nothing more than an effort to manage the crisis within the capitalist framework. So, no support for Syriza.” Karystinos goes on to say that many organizations of the nonparliamentary left in Greece agree with the KKE’s criticism of Syriza. (personal correspondence)As conditions for the workers deteriorated, a fascist party called Golden Dawn became much more prominent, getting 7 percent of the vote in the 2012 election up from 0.3 percent in the prior election. It specialized in physically attacking isolated leftists and immigrants. Many Greek leftists suspected the cops played a big role in Golden Dawn. In 2013 the government brought 30 legal cases against Golden Dawn, but didn’t ban the party outright.The big question in the election is whether pressure from EU bankers and governments will coerce Greek voters into re-electing New Democracy and its platform of austerity on Jan. 25.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Altadena Baptist Church: Visiting the Psalms

first_img Name (required)  Mail (required) (not be published)  Website  Business News HerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyTips From A Professional Stylist On How To Look Stunning In 2020HerbeautyHerbeauty Top of the News More Cool Stuff First Heatwave Expected Next Week EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Make a comment Your email address will not be published. Required fields are marked * 9 recommended0 commentsShareShareTweetSharePin it center_img Subscribe Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday 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. Pastor Connie and I have decided to preach a series of sermons during the next few weeks from the Biblical Book of Psalms. The Psalms have been a great source of comfort for many generations of Jewish and Christian believers. They are also accepted as part of the holy writings of Islam.We’re not going to preach on every psalm, back to back, week after week. One reason is that there are 150 of them, and, with time out for Christmas and Easter, that would take over three years. A more important reason is that, while some psalms are so lofty and inspiring that they almost preach themselves, others seem too harsh and judgmental to make a good sermon text. In fact, some psalms seem to go from grand praise to grousing complaining within a few lines.To understand this unevenness we need to take a look at the origin of the psalms. King David, “the sweet singer of Israel” (2 Samuel 23:1), is recognized as the fountainhead of the psalm tradition. His name appears at the top of 73 of the psalms; some of these he may have actually authored, while others are credited to his indirect influence. Of the remaining 77 psalms, many are attributed to other authors (Asaph, Jeduthun, the sons of Korah), while 34 “orphan psalms” have no identifying source. The evidence indicates that the psalms were written over as much as 800 years, from the time of David (1000 BC) until after the Babylonian Exile (as late as 200 BC). During this span, the people of Israel, whose religious journey is reflected in the psalms, experienced everything from the largest extent of their power and influence in the days of David and Solomon, to the woeful days of their defeat, deportation and slavery under the Assyrians and the Babylonians. No wonder the psalms contain extreme emotional highs and lows.Many of the psalms were meant to celebrate important events in the life of ancient Israel, such as the coronation of a king, or to be part of the fabric of the elaborate worship in the Temple. We may have trouble identifying with these or finding personal spiritual edification in them. Other psalms, however, are among the loftiest expressions of praise to the one true God of the universe that have ever been written, and these can transform the mind and heart of any person from any culture in any age.We speak of the Bible as The Word of GOD. And most of the Bible is just that: the Law given through Moses (the first five books) teaching us God’s way of righteousness, the Prophets proclamations of “Thus says the Lord,” the Gospels announcement of the coming of the WORD in Jesus Christ, the apostles’ letters to the early church instructing them how to live as God’s children in a dark and alien world. These are all ways in which God is speaking to people. But the Psalms uniquely turn this around; most of them are about the feeble, yet heartfelt attempts of people speaking to God!What makes this even more striking is that the people speaking from the Psalms are not speaking to a manageable pet god of their own creation – idolaters of every age have been good at this. They are speaking to the one true God, awesome in majesty, who can wipe them out by lifting his eyebrow. With full acknowledgment of the God who named himself “I AM” (Exodus 3:14), who is later described as “The Alpha and Omega” (Revelation 1:8), without minimizing him or shrinking back, they speak to him in the Psalms – praising, adoring, asking, thanking, questioning, even complaining!We need to learn from the psalmists how to speak to God.Altadena Baptist Church, 791 East Calaveras Street, Altadena, (626) 797-8970 or visit http://altadenabaptist.org/ Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Faith Essays & Inspirations Altadena Baptist Church: Visiting the Psalms By PASTOR GEORGE VAN ALSTINE Published on Thursday, January 10, 2013 | 2:06 pm 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 Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

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Social Workers in Limerick urged to register with their Regulator

first_img Previous articleCall for entries from Limerick as trip to European Space Centre awaits winning classNext articleWalking to school is cool Guest Writerhttp://www.limerickpost.ie Linkedin Email Advertisement NewsHealthSocial Workers in Limerick urged to register with their RegulatorBy Guest Writer – May 10, 2013 1051 Limerick Senator has beef with meat industry WhatsApp Twitter CORU, the body charged with regulating health and social care professionals, today advised social workers that they have just three weeks to apply to register with their Regulator.  Registration, which is aimed at protecting the public, is the law and social workers who do not register will face serious consequences.This deadline of 31 May is particularly critical for those social workers who hold a Certificate of Qualification in Social Work(CQSW) or a National Qualification in Social Work (NQSW) – historical qualifications of the profession. CORU has advised these social workers and their employers that their qualifications will not be accepted after this date. If they do not apply before 31 May they will not be able to register.Sign up for the weekly Limerick Post newsletter Sign Up Ginny Hanrahan, Chief Executive Officer, said: “I am strongly urging social workers, including those in Limerick, to make sure they do not miss the 31 May deadline by submitting their applications now. They can begin the application process on www.coru.ie and we are on hand to provide advice and guidance”.After 31 May this year, people who use the title social worker illegally may be prosecuted and if convicted can be fined up to €5,000, imprisoned for up to 6 months or both.The public will be able to check the Register online (www.coru.ie) to see if an individual social worker has registered.The application form and further information on the application process are available on www.coru.ie. Social workers should note that the process of registration, which includes Garda Vetting, may take in excess of 16 weeks. Hospital bosses deny claims of manipulating trolley figures center_img TAGSCORUhealthsocial work Vicky calls for right to die with dignity RELATED ARTICLESMORE FROM AUTHOR Limerick on Covid watch list Limerick Post Show | Careers & Health Sciences Event for TY Students Facebook Print Free counselling service for carers of Limerick’s estimated 2,500 stroke survivors last_img read more

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Gardai arrest woman and man after cash and suspected drugs seized…

first_imgGARDAÍ targeting the sale and supply of drugs in Limerick have arrested a woman in her 60s as part of investigations into a seizure of almost €17,500 in cash at a house in the city.The woman was arrested yesterday when armed gardai swooped on a property, located in St Mary’s Park.Sign up for the weekly Limerick Post newsletter Sign Up During the planned operation gardai also arrested a man in his 40s in connection with the discovery of a small quantity of suspected drugs.“At around 8pm Gardaí from the Divisional Drugs Unit, assisted by the Armed Support Unit, executed a search warrant at a house in the Saint Marys Park area. During the course of the search Gardaí seized almost €17,500 in cash,” said a Garda spokesman.“A woman, aged in her 60s, was arrested at the scene and brought to Henry Street Garda Station where she is currently detained under Section 2 of the Criminal Justice (Drug Trafficking) Act, 1996.”“A man, aged in his 40s, was also arrested at the house following the seizure of small quantities of suspected cocaine and cannabis herb,” the spokesman said.“A weighing scales and a number of zip lock bags were also seized. The man is currently detained at Henry Street Garda Station under Section 4 of the Criminal Justice Act, 1984.” TAGSKeeping Limerick PostedlimerickLimerick Post Previous article50/1 success for Chris Hayes – Weekly Racing NewsNext articleStreet Closures and buildouts planned to support businesses in Limerick David Raleigh Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Twitter WhatsApp Print Linkedin RELATED ARTICLESMORE FROM AUTHOR WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads center_img Advertisement Facebook Donal Ryan names Limerick Ladies Football team for League opener Email Limerick Ladies National Football League opener to be streamed live LimerickNewsGardai arrest woman and man after cash and suspected drugs seized by armed gardai at Limerick homeBy David Raleigh – May 18, 2021 1782 Limerick’s National Camogie League double header to be streamed live Roisin Upton excited by “hockey talent coming through” in Limericklast_img read more

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Presidential Candidates Lay Out Housing Plans

first_imgHome / Daily Dose / Presidential Candidates Lay Out Housing Plans Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Housing Supply in Daily Dose, Featured, Government, News Presidential Candidates Lay Out Housing Plans Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Studying Foreclosure Data by County Next: Default Servicing’s Most Popular Topics in 2019 Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. About Author: Krista F. Brock Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Sign up for DS News Daily center_img Share Save Housing Supply 2019-12-20 Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 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 The Best Markets For Residential Property Investors 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago December 20, 2019 5,144 Views Demand Propels Home Prices Upward 2 days ago As an increasing number of millennials reach the homebuying age, the nation continues to struggle with insufficient housing supply. The shortage is now catching the attention of presidential hopefuls, and according to researchers at the Urban Institute, they are largely on the right track with their proposals to address the housing shortage. “The solutions proposed by Democratic presidential candidates are an acknowledgement of the single largest problem our housing market faces today: lack of supply,” said Karan Kaul and John Walsh of the Urban Institute in a blog post this week. “Although mostly on point, the plans need some fine tuning and a reevaluation of strategies likely to be detrimental during economic downturns,” they said. On the positive side, two major components of the Democrats’ plans Kaul and Walsh support include offering incentives to states that reduce restrictive zoning laws and encouraging growth in alternative housing such as manufactured homes. Zoning laws and land-use restrictions can be prohibitive for housing construction, especially at lower price points. Zoning, code requirements, and land-use laws tend to favor larger, more expensive construction. While several Democrats’ housing plans include funding for incentive payments to states that ease these restrictions, the researchers say there should be even more emphasis on this aspect of the plan. Not only would easing these restrictions open up opportunity for more affordable housing construction, but also the savings incurred on construction “would then enable subsidy dollars to go further,” the researchers pointed out. They said addressing zoning and land-use laws will “have a multiplier effect” and thus should be a larger focus. The researchers also suggested focusing on manufactured housing and accessory dwelling units, which are cheaper and require less land than traditional single-family housing. Zoning regulations, lack of financing, and stigma currently hinder these affordable housing solutions. While the researchers believe the Democratic candidates are generally on the right track with their plans to address the housing shortage, they did identify two potentially negative proposals in the plans: taxing empty homes and a large tax on speculative homebuying. Bernie Sanders proposed a 2% tax on empty homes and a 25% tax on speculative homebuying in which someone sells a non-owner-occupied home within five years of purchasing it. While well-intentioned these taxes could have a negative impact in a troubled housing market. For example, a tax on empty homes in a downturn could lead sellers to sell quickly at lower prices, “thus exacerbating declines in housing prices,” the researchers say. Similarly, while discouraging “paint and flip” sales, the researchers say the tax on speculative homebuying would also “discourage sales of the large inventory of investor-owned homes to renters or other homebuyers at prices that reflect the value of improvements at a reasonable profit.” They would also discourage investors from stepping in and “stabilizing downward-spiraling house prices.”  Related Articleslast_img read more

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Will Work Out Methodology For Competing Pending ICSE & ISC Exams After SC’s Decision Tomorrow; ICSE Board Tells Bombay HC [Read Order]

first_imgNews UpdatesWill Work Out Methodology For Competing Pending ICSE & ISC Exams After SC’s Decision Tomorrow; ICSE Board Tells Bombay HC [Read Order] Nitish Kashyap24 Jun 2020 6:52 AMShare This – xDuring the hearing of PIL filed by an Advocate seeking directions for cancellation of the remaining ICSE board exams scheduled to be held all over the State, CISCE (Council For Indian School Certificate Examinations) or the ICSE Board informed the Bombay High Court on Wednesday that a methodology for completing the pending exams will be developed depending upon the Supreme Court’s decision on…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?LoginDuring the hearing of PIL filed by an Advocate seeking directions for cancellation of the remaining ICSE board exams scheduled to be held all over the State, CISCE (Council For Indian School Certificate Examinations) or the ICSE Board informed the Bombay High Court on Wednesday that a methodology for completing the pending exams will be developed depending upon the Supreme Court’s decision on the same issue tomorrow.The Central Board of Secondary Examination (CBSE) had informed the Supreme Court on Tuesday that the decision on the conduct of this year’s Board examination will be taken by tomorrow evening. The Supreme Court also granted the (ICSE) the liberty to follow the decision taken by CBSE or the Centre accordingly, with slight modifications.After Advocate General Ashutosh Kumbhakoni informed the bench of Chief Justice Dipankar Datta and Justice SS Shinde about the State Disaster Management Committee’s decision to not permit CISCE to conduct the remaining board exams that were scheduled to begin from July 2, he argued that the issue regarding completion of examinations through gradation and past performance can only be answered once CISCE comes up with the methodology as sought by the Court.Whereas, CISCE’s counsel Aditya Mehta submitted that the entire decision of the State Disaster Management Committee is not before the Court; only a communication has been placed. CISCE would like to peruse through the decision, Mehta said, seeking a copy of the decision to be placed before the Court.Moreover, the State has not taken any decision to prohibit examinations in this State to be conducted by the Central Board of Secondary Education and, if indeed, the CBSE is permitted to proceed with the Classes X and XII examinations re-scheduled in July 2020, there could be no valid reason not to permit the second respondent (CISCE) to go ahead with its own examinations, Mehta submitted.AG Kumbhkoni said that since the Disaster Management Committee of the State has not been required to take a call in respect of examinations to be conducted by the CBSE in this State as per the revised schedule by any order of Court, no decision as yet has been taken; but as and when the situation so demands, appropriate call would be taken. Additional Solicitor General Anil Singh appeared on behalf of the Union of India and he was requested to obtain instructions from the Central Government as to whether any decision had been taken pursuant to the order dated June 15, 2020 of the Allahabad High Court. Singh placed the order dated June 23, 2020 passed by the Supreme Court on a batch of petitions before the bench. He submitted that a final decision in the matter is in the process and hopefully would materialize by this day. The Supreme Court deferred hearing of all the matters to June 25, 2020 at 2 pm. Senior Advocate Dr. Birendra Saraf, Advocate Karl Tamboly and Advocate Rahul Tanwani appeared before for the respective intervenors. Dr.Saraf sought a copy of the decision of the State Disaster Management Committee so that the party represented by him could be appropriately advised. Moreover, Mehta contended that depending on the decision of the Supreme Court, CISCE may have to further work out the methodology for completing the results of examinations and, therefore, they are also awaiting the decision of the Supreme Court. The bench observed-“In such a situation, the order(s) passed by the Hon’ble Supreme Court upon consideration of the said decision(s) would have a vital bearing on these proceedings. The Court is thus of the opinion that it ought to await the decision(s)/order(s) relevant to the issue.”Court also noted that the communication of the Additional Chief Secretary addressed to the Advocate General does not contain the decision of the State Disaster Management Committee in its entirety. Thus, the State was directed to place before the Court the entire decision by the next date. The next date of hearing is June 29 at 10:45 am.Click Here To Download Order[Read Order] Next Storylast_img read more

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Allahabad HC Extends Interim Orders Passed By It & Courts Subordinate To It Till August 31 [Read Order]

first_imgNews UpdatesAllahabad HC Extends Interim Orders Passed By It & Courts Subordinate To It Till August 31 [Read Order] LIVELAW NEWS NETWORK30 July 2020 10:20 PMShare This – xThe Allahabad High Court has extended all the interim orders passed by it and by the courts subordinate to it, that expired subsequent to March 19, till August 31, 2020. Further, orders of eviction, dispossession or demolition shall remain in abeyance and orders of regular/anticipatory have been extended till August 31. The order has been passed by a division bench comprised…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 Allahabad High Court has extended all the interim orders passed by it and by the courts subordinate to it, that expired subsequent to March 19, till August 31, 2020. Further, orders of eviction, dispossession or demolition shall remain in abeyance and orders of regular/anticipatory have been extended till August 31. The order has been passed by a division bench comprised by Justice Pankaj Mithal and Justice Dr. Yogendra Kumar Srivastava, in a suo moto hearing to ensure that litigants do not suffer on account of the Covid induced lockdown. The High Court had certain directions extending the term of the interim orders on account of lockdown due to COVID-19 pandemic vide order dated March 26, 2020. The said directions were extended from time to time and by an order dated 08.06.2020 directions were given afresh in the light of Nation-wide lockdown and subsequent relaxation provided thereto under the Unlock-I. The said directions were also time bound and were extended by the order dated 19th June, 2020 and 10th July, 2020 upto 31st July, 2020. The latest order passed by the division bench in this regard states, “Since the situation arising due to COVID-19 pandemic is still continuing and the working of the Courts and Tribunals stand widely disturbed, we consider it appropriate to extend the directions contained in the order dated 8th June, 2020 and 10th July, 2020 upto 31st August, 2020.” In effect: All interim orders passed by the High Court of Judicature at Allahabad well as at Lucknow, all the District Courts, Civil Courts, Family Courts, Labour Courts, Industrial Tribunals and all other Tribunals in the State over which this Court has power of superintendence, which have been expired subsequent to 19th March, 2020 or are due to expire within a period of one month from today, will continue to operate upto August 31, 2020. We, however, make it clear that those interim orders which are not of a limited duration and are to operate till further orders will remain unaffected;If a bail has been granted in anticipation as an interim measure for a specific period and that period is going to expire on or before 10th June, 2020, the same shall stand extended upto August 31, 2020.If any under trial or juvenile in conflict has been enlarged on bail through a judicial order and the period for such enlargement is going to expire on or before 14th June, 2020, the same shall stand extended upto August 31, 2020.If any orders of eviction, dispossession or demolition are already passed by the High Court, District or Civil Courts, the same shall remain in abeyance till August 31, 2020 or having any order by the court competent, whichever is earlier. The situation will be reconsidered on 19th August, 2020. In related development, hearing at the High Court premises, both at Allahabad and at Lucknow shall be conducted till lunch hours only on July 31, 2020, to enable sanitization. Further, on August 4 and August 10, only urgent matters mentioned before the Chief Justice and the Senior Judge at Lucknow respectively, shall be taken and no other Court shall sit on the aforesaid dates. There shall be no physical/ e-filing on July 31, August 4 and August 10. Click Here To Download Order Read Order Next Storylast_img read more

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