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Limerick councillors in show of solidarity with Dunnes workers

first_imgFamilies and workers must be supported through public health emergency NewsLocal NewsLimerick councillors in show of solidarity with Dunnes workersBy Alan Jacques – April 10, 2015 1182 WhatsApp Twitter TAGSAnti Austerity AllianceCllr John LoftusCllr Maurice QuinlivanCllr Paul KellerDunnes StoresFianna FáillimerickNiall Collins TDSinn Fein Facebook Advertisement Linkedin Email Council to look at reasons behind city business closures center_img Previous articleRugby – All Ireland league enters final weekend #ublNext articleRUGBY – Munster at full strength for Edinburgh clash Alan Jacqueshttp://www.limerickpost.ie Print Limerick worst affected for trolley numbers Councillor’s show and tell of Limerick litter problem Jetland opens a new chapter in Dunne’s Limerick story RELATED ARTICLESMORE FROM AUTHOR Minister Harris “missing in action again” as crisis in University Hospital Limerick is raised in Dáil says Limerick TD by Alan [email protected] up for the weekly Limerick Post newsletter Sign Up Sinn Fein councillors Seamus Browne, Maurice Quinlivan, Lisa Marie Sheehy, Seighin O Ceallaigh and Malachy McCreesh with Dunnes Stores workers in Limerick.LOCAL politicians expressed their firm support for the Dunnes Stores during their one day strike in Limerick last Thursday over the imposition of zero hour contracts.Fianna Fáil Justice spokesman Niall Collins was one of the first on the picket line while Sinn Féin leader on Limerick City and County Council, Cllr Maurice Quinlivan, expressed his party’s support for the introduction of a living wage as he joined staff outside Dunnes stores at Jetland and Howley’s Quay.“The application of zero hour contracts, and the imposition of low pay rates are sources of great hardship for working families. They damage any hope of a real recovery.” said Cllr Quinlivan.“Dunnes workers have been left with no option but to engage in industrial action in an effort to secure fair pay and secure hours. They, and the 129,000 low-paid workers in this state, deserve certainty about their hours of work and income,” he added.Limerick’s three Anti-Austerity Alliance councillors also offered full support and solidarity to Dunnes Stores workers during their strike action. Cllr John Loftus called on people to support this “important strike” by not passing the pickets and to stand in solidarity with the workers.“Dunnes Stores is a major, profitable company which is using low-hours contracts to maximise its profits,” said Cllr Loftus.Fellow AAA councillor Paul Keller said the strike was an important step in the fight against the return of 19th century working conditions through the spread of low hour contracts.“These contracts have been used by management as a weapon to punish and bully workers through the withdrawal of hours from one week to the next,”  he claimed.last_img read more

Supreme Court Upholds IBC Provisions Applicable To Personal Guarantors Of Corporate Debtors-Read Judgment

first_imgTop StoriesSupreme Court Upholds IBC Provisions Applicable To Personal Guarantors Of Corporate Debtors-Read Judgment LIVELAW NEWS NETWORK21 May 2021 2:00 AMShare This – xThe Supreme Court today upheld the provisions of Insolvency and Bankruptcy Code, 2016 which applies to personal guarantors of corporate debtors.The bench comprising Justices L. Nageswara Rao and S. Ravindra Bhat approval of a resolution plan relating to a corporate debtor does not operate so as to discharge the liabilities of personal guarantors (to corporate debtors). The bench dismissed the petition challenging notification dated 15.11.2019 and the Insolvency and Bankruptcy(Application to Adjudicating Authority for Insolvency Resolution Process of Personal Guarantors to Corporate Debtors) Rules, 2019. The Writ Petitioners had also sought a declaration that Section 95, 96, 99, 100, 101 of the Insolvency and Bankruptcy Code, 2016 are unconstitutional in so far as they apply to personal guarantors of corporate debtors. Last year, the Court had transferred to itself the petition which was originally filed before the Delhi High Court and other High Courts.The Notification Vide this notification issued on 15th November, the following provisions of the Code only in so far as they relate to personal guarantors to corporate debtors. was brought into force: (1) clause (e) of section 2; (2) section 78 (except with regard to fresh start process) and section 79; (3) sections 94 to 187 (both inclusive); (4) clause (g) to clause (i) of sub-section (2) of section 239; (5) clause (m) to clause (zc) of sub-section (2) of section 239; (6) clause (zn) to clause (zs) of’ sub-section (2) of section 240; and (7) Section 249.Parliamentary intent in issuing the notification was to treat personal guarantors differently from other categories of individuals.The main contention raised by the petitioners was that the notification is an exercise of excessive delegation as the Central Government has no authority to impose conditions on the enforcement of the Code. It was further contended that the enforcement of Sections 78, 79, 94-187 etc. in terms of the impugned notification of the Code only in relation to personal guarantors is ultra vires the powers granted to the Central Government.In its judgment, the court held that parliamentary intent in issuing the notification was to treat personal guarantors differently from other categories of individuals. The court observed thus:”100…The intimate connection between such individuals and corporate entities to whom they stood guarantee, as well as the possibility of two separate processes being carried on in different forums, with its attendant uncertain outcomes, led to carving out personal guarantors as a separate species of individuals, for whom the Adjudicating authority was common with the corporate debtor to whom they had stood guarantee. The fact that the process of insolvency in Part III is to be applied to individuals, whereas the process in relation to corporate debtors, set out in Part II is to be applied to such corporate persons, does not lead to incongruity. On the other hand, there appear to be sound reasons why the forum for adjudicating insolvency processes – the provisions of which are disparate- is to be common, i.e through the NCLT. As was emphasized during the hearing, the NCLT would be able to consider the whole picture, as it were, about the nature of the assets available, either during the corporate debtor’s insolvency process, or even later; this would facilitate the CoC in framing realistic plans, keeping in mind the prospect of realizing some part of the creditors’ dues from personal guarantors.”, 101. In view of the above discussion, it is held that the impugned notification is not an instance of legislative exercise, or amounting to impermissible and selective application of provisions of the Code. There is no compulsion in the Code that it should, at the same time, be made applicable to all individuals, (including personal guarantors) or not at all. There is sufficient indication in the Code- by Section 2(e), Section 5(22), Section 60 and Section 179 indicating that personal guarantors, though forming part of the larger grouping of individuals, were to be, in view of their intrinsic connection with corporate debtors, dealt with differently, through the same adjudicatory process and by the same forum (though not insolvency provisions) as such corporate debtors. The notifications under Section 1(3), (issued before the impugned notification was issued) disclose that the Code was brought into force in stages, regard being had to the categories of persons to whom its provisions were to be applied. The impugned notification, similarly inter alia makes the provisions of the Code applicable in respect of personal guarantors to corporate debtors, as another such category of persons to whom the Code has been extended. It is held that the impugned notification was issued within the power granted by Parliament, and in valid exercise of it. The exercise of power in issuing the impugned notification under Section 1(3) is therefore, not ultra vires; the notification is valid.”Yet another contention was that the impugned notification, by applying the Code to personal guarantors only, takes away the protection afforded by law; reference was made to Sections 128, 133 and 140 of the Contract Act; the petitioners submitted that once a resolution plan is accepted, the corporate debtor is discharged of liability. As a consequence, the guarantor whose liability is co-extensive with the principal debtor, i.e. the corporate debtor, too is discharged of all liabilities. In this regard, the bench observed thus:”111. In view of the above discussion, it is held that approval of a resolution plan does not ipso facto discharge a personal guarantor (of a corporate debtor) of her or his liabilities under the contract of guarantee. As held by this court, the release or discharge of a principal borrower from the debt owed by it to its creditor, by an involuntary process, i.e. by operation of law, or due to liquidation or insolvency proceeding, does not absolve the surety/guarantor of his or her liability, which arises out of an independent contract.”Case: Lalit Kumar Jain vs. Insolvency and Bankruptcy Board of India Citation: LL 2021 SC 257Coram: Justices L. Nageswara Rao and S. Ravindra BhatClick here to Read/Download JudgmentTagsInsolvency and Bankruptcy Code IBC Supreme Court #Justice S. Ravindra Bhat #Justice L. Nageswara Rao Next Storylast_img read more

Cultural Passport gets students off campus

first_img Each passport features a description of the location, hours of operation and some destinations even offer special discounts for Notre Dame students. The goal of the passport format, according to Crawford, is to get students to visit as many of the destinations as possible. At every location a student shows the passport, they will receive a stamp on the passport for that organization.  “I would have never thought to explore South Bend until I got my passport,” freshman Gina Rogari said. “I didn’t know we had some of those things around here.” “Our students should be able to leave this community that they’ve lived in for four years and tell people all about it,” he said.  “Besides, I think that when they visit some of these places, they will be blown away by what they see.” First created last spring, the Cultural Passport program was developed through a partnership with the College of Science and Mayor Stephen Luecke of South Bend. The program gives every student a cultural passport featuring 14 destinations in the South Bend area where students are encouraged to visit.  Each College has the passports and students are encouraged to go to their dean’s office and pick one up.  The Class of 2014 received their passports during Freshmen Orientation. Many of the freshmen said the passports have made them see there is a lot more to South Bend than just Notre Dame.  While many Notre Dame students may decide to study abroad and travel to far-off places, a new program on campus is encouraging students to seek out the marvels in the local community. Crawford and Mayor Luecke worked with each of the fourteen destinations to be included in the program. The Mayor’s Office agreed to print up a special certificate for any student who receives a stamp from every location in the passport.  But Crawford hopes that students participate in the program for different reasons.  “This is a nice and easy way to engage the community, and a very important one,” he said.  “I would hate to think that they would participate in this simply to receive a certificate.” “Before starting this program, I visited most of the places that are in the passports and I was fascinated by all these various organizations,” he said. “I started working with the Mayor’s office and together we compiled this list of fourteen locations that we encourage students to visit during their time here at Notre Dame.” When the program was conceived last year, it was initially only offered to a select group of students from the College of Science and was more of a “prototype” according to Crawford. However, the program has been expanded to include every undergraduate and graduate student at Notre Dame.  Crawford said the program will be reviewed at the end of the year and feedback will be solicited from the students who participated in the program to see if any changes should be made. Crawford said he has little doubt that the program will help bring new outlook to the students who take advantage of the program and the city of South Bend.  “I believe that all of our students need to graduate with not only a great education but actually knowing something about the community that they’ve lived in for four years,” Dean Gregory Crawford of the College of Science said.  Freshman Molly Shank said while she found the passport “helpful,” initially she wasn’t sure of its purpose. “There wasn’t a whole lot of explanation about the program,” she said. “They need to explain it better because I would definitely use it now.” Crawford said he came up with the idea when he realized how few Notre Dame students ever venture into the South Bend community.last_img read more

How’s this $69,000 property for an investment quickie?

first_imgThe property is a studio in a motel.Gross rental yield was almost 11 per cent (10.8 per cent) in a complex that also has a pool and spa.It touts itself as “hassle free” income but, as any smart investor would do, ask lots of questions before jumping in.Online mortgage comparison site, Mortgage Choice, warns “gross rental yields did not take into account any expenses associated with keeping the property”. “If you’re just looking at gross rental yield, then there’s really no such thing as a ‘good’ rental yield as the costs and expenses are missing from the calculation. “A property with a low rental yield but also low expenses could end up giving a higher rental return, than a property with high rental yield and high expenses.” There is a distinct retro feel. The complex has a pool for guests. More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoA log cabin in Brisbane’s east. 25/158 Green Camp Road, Wakerley Qld 4154. Picture: Realestate.com.auHOW’S this for an investment quickie? A $69,000 property half an hour from Brisbane’s CBD has a gross rental yield of 10 per cent.The one bedroom, one bathroom property is a top floor studio with a balcony in a motel complex at Wakerley in Brisbane’s east.The property at 25/158 Green Camp Road was being marketed as a “unique investment opportunity” by Johnson Real Estate – Wynnum Manly.“The motel returns $621.88 per month with CPI increases and a body corporate fee of $2,584.89 per year” and comes with a five year lease, according to the listing.last_img read more

Syracuse backs help unseat undefeated Connecticut to advance to NCAA title game

first_img Facebook Twitter Google+ Published on November 20, 2015 at 3:46 pm Contact Liam: [email protected] ANN ARBOR, Mich. – Syracuse’s Zoe Wilson charged out of the net with her teammates to defend Connecticut’s third penalty corner of the game and knocked Roisin Upton’s shot down. Quick to act, Wilson swung a pass up the field to Emma Russell who in turn found Alma Fenne for the Orange’s third and final goal.Everyone on the team mobbed Fenne and Russell — all except four. Wilson hugged midfielder Serra Degnan and fellow backs Lies Lagerweij and Roos Weers at midfield were removed from the primary celebration.The blocked shot brought UConn’s total to five attempts on the day. With under 15 minutes remaining and the Orange ahead 3-1, the backs play continuously kept undefeated Connecticut at arm’s length“This field… combined with the three backs and the pressure that the forwards put on, was really good,” head coach Ange Bradley said. “I’m pleased with (the play of the backs).”The backs may have separated from the team to celebrate, but it was their efforts that allowed No. 1-seeded Syracuse (20-1, 6-0 Atlantic Coast) to pull away from No. 4-seeded Connecticut (22-1, 5-0 Big East), 3-1, Friday in the NCAA semifinal game at Ocker Field in Ann Arbor, Michigan. The Orange held a high-powered UConn offense that entered play averaging 21 shots per game to six by bearing down on counterattacks. SU advanced to its second national championship in as many years.AdvertisementThis is placeholder textWith Syracuse setting an aggressive pace early following Fenne’s first goal two minutes in, UConn was forced to match with far-reaching plays up the field. With its own offense extending up the field in attack, head coach Ange Bradley called upon Lagerweij, Weers and Wilson to hold strong without much support.“We knew that (the Huskies) have a solid counter-attack,” Wilson said. “We had to adapt to where their forwards were in protection if the ball was to get turned over.”Down 2-1 at halftime, the second half featured many Connecticut pushes hard and quickly up field, testing the resolve of the trio. But no matter which forward advanced the ball, she was met with stout stick-play and from Weers and Lagerweij.After neutralizing threat after threat, the pair relayed the ball to Wilson who countered the Huskies’ speed with her own.“We’re playing the ACC. We play speed all season,” Bradley said. “The speed that we’ve played has prepared us for this moment.”The formula hadn’t changed from the regular season. Only the stakes.Connecticut’s Charlotte Veitner entered Friday with 99 points and 39 goals on 113 shots. With Syracuse’s attention affixed upon her for 70 minutes, she ended the game with the same marks.Anytime Veitner found herself in the circle, Weers was attached at the hip. The Netherlands-native wasn’t shy to use her body and remained aggressive with her stick and neutralized what otherwise were advantageous opportunities for the Huskies.Veitner managed to slip by the defense with 18:10 remaining in the first half, but Weers instinctively turned, pointed and barked, “Watch her!” to Lagerweij who stood nearby. UConn’s midfielders tried to advance the ball to their leading scorer, but Lagerweij intercepted the pass.“They were opportunists,” said Connecticut head coach Nancy Stevens. “It’s sometimes those opportunities which determine the outcome of the game.”After the final buzzer sounded, the Orange stormed the field to celebrate its national title game berth. Sticks were thrown to the side in favor of hugs. Shouts reverberated across Ocker field and the team converged for a team-wide celebration at midfield.From the huddle, Wilson, Weers and Lagerweij emerged to separate once more. As coaches and other players continued to shout congratulations with locked arms in the large circle, the backs met to revel in a concerted game plan executed more than effectively.“We were confident,” Wilson said. “We knew what we had to do and we got the job done.” Commentslast_img read more