Tags: NULL Travis profit lift fuelled by DIY recovery Wednesday 23 February 2011 8:38 pm whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp KCS-content Share BUILDERS’ merchant and do-it-yourself retailer Travis Perkins said yesterday it was currently trading well because essential repair and maintenance work suspended in the recession was now being done.The firm posted a better than expected 20.4 per cent rise in 2010 underlying profit to £216.7m. It said it had gained market share from rivals and said it had made a strong start to 2011, although it does expect conditions for the next 12 months to remain difficult.The group, which has more than 600 branches, said it expected the merchanting sector to continue its gradual recovery this year.Chief executive Geoff Cooper said: “There is considerable gloom in the wider economy, but we do not subscribe to the double dip theory.“We are seeing a lot of repair and maintenance work being done that was delayed and that is helping to offset some of the more difficult times that we are seeing in other bits of construction.“In public sector (work) in 2011 and 2012 and indeed in 2013 we are going to see further contraction and I think it’s the private sector that’s gradually going to come back and offset that contraction.”He forecast “very low single digit” growth in the overall UK merchanting market in 2011 along with a “mid single digit” contraction in the overall DIY market as worries over job cuts and rising inflation impact. He expects Travis Perkins to outperform both markets.Travis said all 11 businesses in its portfolio outgrew their rivals and increased profits in 2010.It said its acquisition of BSS for £558m had been a success. The move last year was its biggest acquisition since it bought Wickes for £950m in 2005.
Past Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredYourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance|SponsoredSponsored Latest Sports News Latest Sports News ISL: Sunil Chhetri extends Bengaluru FC stay until 2023 FIFA has decided to open a new commercial office in Paris at the beginning of 2021.The new outpost is a part of the global soccer body’s push into France and French-speaking markets and could ‘also lead to new activities in the Paris region’, Fifa said in a statement.According to Le Monde, Fifa will relocate some of its business functions from Zurich to the new Paris branch, such as meetings with Francophone federations, notably from Africa. During a meeting organized at the Elysee Palace on Monday in the presence of the President of the French Football Federation (FFF) Noël Le Graët, Gianni Infantino, President of Fifa, and Emmanuel Macron, the French President, “began to d ‘agreement on the principle of opening a Fifa branch in Paris ”at the start of 2021. The teams of Choose France, the French program intended to attract foreign investors, must now work on the“ operational modalities ”of this establishment, adds Fifa in a statement.This is, for the body based in Zurich (Switzerland), “to consolidate its relations with France and the Francophonie, as well as Unesco and the French Development Agency”, without further information on the number of the employees concerned and their activity.According to the newspaper Le Monde, Fifa wants to relocate part of its commercial services to Paris and organize meetings with French-speaking federations, especially African federations, regarding issues of governance and football development. The opening of this branch should take place in February 2021. Fifa has thus made the choice of Paris, after having also studied cities such as Singapore, London and Dubai.This is not the prelude to a possible return of the headquarters of Fifa to Paris, the cradle of the organization, a spokesperson told AFP. Founded in 1904 in Paris, rue Saint-Honoré, in the 1st arrondissement, by the French, Belgian, Dutch, Spanish, Swedish, Swiss and Danish football federations, chaired from 1920 to 1954 by the French father of the World Cup, Jules Rimet, Fifa has been in Switzerland since 1932. Euro 2020, Switzerland vs Turkey LIVE: Must-win game for both teams, Kickoff at 9.30PM IST; Follow Live Updates TAGSFIFAFIFA BusinessFIFA new office in ParisFIFA World Cup 2022Sports Business SHARE PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country RELATED ARTICLESMORE FROM AUTHOR Formula 1 WI vs SA 2nd Test Day 3 Live: Start delayed due to wet outfield, SA lead by 149 runs – Follow Live Updates Cricket Football Football Sports Business : FIFA to open new commercial office in Paris Previous articleI-League: 1Sports roped in as I-League Qualifiers broadcasterNext articleIPL 2020 CSK vs KKR: Sunil Narine replaced by Rahul Tripathi as KKR opener Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket Facebook Twitter Bengaluru WTC Final Live- Ind vs NZ: Kyle Jamieson bags 5th five-wicket haul in 8th Test, rattles India in WTC final BCCI to form committee to take call on compensating domestic cricketers Cricket By Kunal Dhyani – October 7, 2020 Tokyo Olympics: Deepika Kumari to be sole entry to Tokyo Games as Indian women’s recurve team fails to qualify Cricket Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd Share on Facebook Tweet on Twitter Latest Sports NewsSports Business
The Mauritius Development Investment Trust Co. Ltd (MDIT.mu) listed on the Stock Exchange of Mauritius under the Investment sector has released it’s 2020 annual report.For more information about The Mauritius Development Investment Trust Co. Ltd (MDIT.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the The Mauritius Development Investment Trust Co. Ltd (MDIT.mu) company page on AfricanFinancials.Document: The Mauritius Development Investment Trust Co. Ltd (MDIT.mu) 2020 annual report.Company ProfileThe Mauritius Development Investment Trust Co. Limited is an investment institution that invest in sectors such as financial services, manufacturing, construction, leisure and hotels, sugar, property development, transport, commerce, and information, communications and technology. The company is headquartered in Port-Louis, Mauritius and holds as well as manages securities in the Republic of Mauritius. The Mauritius Development Investment Trust Co. Limited is listed on the Stock Exchange of Mauritius.
You think you know a thing or two about rugby, until you sit down with the guys in charge of setting the spreads in the betting industry.There are number-crunchers in that business who proudly boast about watching much more rugby than you, and what’s more, they feel they can make a really good stab at predicting the outcomes of major events like the Rugby World Cup.“Yes I do think we can accurately predict some trends,” says Andrew Sinfield of sports spread betting company Sporting Index. “Some of the minds we’ve got upstairs – what they know about these sports – you wouldn’t believe. I’d back them to predict anything, be it cricket, racing, anything. They are pricing up things like total (number of) fours in the Cricket World Cup, over 64 games, and I reckon they were within 50.”Bookies dream: France do well in World Cups but punters rarely back themAccording to Sinfield, the betting industry used to be populated with characters; the barrow boys who were brash, loud, had an inside track and probably more importantly, had the balls to back up their mouths. Now things are a lot more methodical. There’s a high chance you won’t get anywhere behind the scenes in modern betting if you don’t have a mathematical background. And are prepared to put the hours of research in, particularly with betting in rugby.Sports spread betting is a growing phenomenon in this country. Unlike regular betting when the amount that can be won or lost is fixed when the bet is placed, with spread betting the profit or loss changes depending on how accurate the prediction of an outcome is. The basic principle is that the betting organisation sets a spread with a lower quote and higher quote of, say the points a team will score, the number of tries, or how much they win by. If you think that higher quote will be exceeded, you can ‘buy’ and if you believe the outcome will be lower then you can ‘sell’.As an example you might think New Zealand will score more than a quoted number of points in a World Cup match and ‘buy’ at £10 per point. If they score 20 more points than the higher number put forward by the company, you will receive £200 back. If you ‘sell’, it’s the same principle, except that for every point less than their predicted lower quote, you receive those points times your £10 stake. If New Zealand score ten points less than the lower quote, then, you get £100.Of course you can get it disastrously wrong. If you sell New Zealand points at 25 and they ended up scoring 50 points, you would owe £250, if you were doing £10 per point. But there is usually the opportunity to cash out if you think a bet is going pear-shaped.So if you’re going to spot a hole in the betting companies’ odds – and it does happen, with one bad match possibly leading to a “six-figure” loss in rugby – you’ll need to know your stuff, because the experts do, especially Sporting Index’s three full-time rugby guys, according to Sinfield. Two tribes: Can the betting companies accurately predict who comes out on top of a World Cup final? Well watched: Jone Macilai will have been seen for Northland and Crusaders“A lot of (what Sporting Index does) is down to player knowledge and how you think players will match up against each other. When we say you can wake up on a Saturday at 7am and watch rugby right through to 10pm, all three of our team will be doing that, 40 Saturdays a year. You have to have in-depth knowledge of these guys. The Fijian that turns up that nobody has heard of, we’ll probably have seen him five or six times playing in the ITM Cup. It’s what we do.”So how do you approach the Rugby World Cup, then?“Probably once the warm-ups are out of the way we’ll look at all the intricate markets we can come up with. We’ll get an outright book out soon, at the end of the season, then get working on the intricate stuff in late August. That will be a 100 index, 75, 50s for getting knocked out in the semis and 25 for knocked out in the quarters, nothing for anything else. Back in the day it was all done with a calculator, pen and paper and it’s only recently that we’ve started to run and run loads of simulations. The way that we’ll do it is, we’ll allocate a team a rating and put these into a programme and simulate a game, with about ten thousand simulations of it.“From that we’ll see what the price should be, the expected price of winning a competition. These ratings obviously update week by week, or game by game for the international sides. You watch a round of matches and say: ‘Are they better or worse than I thought?’ So New Zealand are at the top and we rate them at about 125, assuming that any team they are 125-points better than are worth nothing. Then you stagger it all down so you’ve got a big ladder of what these teams are worth. Then changes in coaches, key retirements, injuries, weather conditions, home advantage and all this stuff is factored in every time you do it. We’ve got databases coming out of our ears!“We’ll start with the ratings system. I make sure I’m happy with the ladder, then we’ll work through each game and come together and say: “what did you make of total tries?” We’ll talk about where we are different, gravitate towards that middle number and stick a spread on it. There will be ‘heated disagreements’!”Getting heated: The All Blacks come out on top of most team ratingsEssentially what these guys do is look at each game in isolation, see player-on-player who they think is better or has more fitting attributes for the contest, and tot that up – before going through every potential outcome, all the way to the end. Do you think you could predict that more accurately than them? Feel free to try. There’s money to be made.Of course, you don’t have to ask them who they think will win the whole thing. It’s reflected in their spreads. The question really is: can you predict more accurately than them? LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS We explain what spread betting is and consider whether the betting companies can predict who will win major events Rugby World spoke with Sporting Index as research for our feature “How to win a World Cup without kicking a ball” – in the July 2015 issue. Click here for the latest subscription offers and find out how to download the digital edition here.
ArchDaily “COPY” Houses Year: 2015 Architects: Atelier Koe Area Area of this architecture project Save this picture!© Régis L’hostis+ 27 Share CopyHouses•Senegal ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/604246/khamsa-house-atelier-koe Clipboard CopyAbout this officeAtelier KoeOfficeFollowProductBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesSenegalPublished on March 03, 2015Cite: “”Khamsa” House / Atelier Koe” 03 Mar 2015. ArchDaily. Accessed 11 Jun 2021.
2021 CopyHouses•Kecamatan Gayungan, Indonesia ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/961114/griyoase-house-andyrahman-architect Clipboard Lead Architect: Griyoase House / Andyrahman Architect Area: 300 m² Year Completion year of this architecture project ArchDaily Architects: Andyrahman Architect Area Area of this architecture project Photographs: Mansyur Hasan Photographs Year: Indonesia Andy Rahman Griyoase House / Andyrahman ArchitectSave this projectSaveGriyoase House / Andyrahman Architect Projects “COPY” Architect In Charge:Abdi Manaf R.Consultants:Andyrahman ArchitectContractor:Trijaya MakmurArchitect:Andyrahman ArchitectCity:Kecamatan GayunganCountry:IndonesiaMore SpecsLess SpecsSave this picture!© Mansyur HasanRecommended ProductsCorporate ApplicationsULMA Architectural SolutionsPolymer Concrete Facade in UniEléctricaCorporate ApplicationsCymat Technologies Ltd.Mallorca Congress Centre – Alusion™ Stabilized Aluminum FoamWindowsFAKRORoof Windows – FPP-V preSelect MAXWoodParklex International S.L.Wood cladding – FacadeHome as an oase. This house is located in the Kertomenanggal area, Surabaya, to be precise in a residential area near the southern border of the cities of Surabaya and Sidoarjo. Standing on an area of 12 X 18.5 m2, the atmosphere is quite calm, even though it is close to the busy route leading out of the city. The owner of the house is a graphic designer, so he also has a pretty good taste in the design and also knows the principles, so it really helps architects in the process of designing to implementation. At least, the client also understands the proportion, scale, rhythm, etc. that are applied to the house.Save this picture!© Mansyur HasanConcept of Home and Oasis. In Surabaya, which tends to be hot, this house needs an “oasis” to cool the air inside. So, in the middle of the house, an inneryard (inner courtyard) is created to be an oasis as well as a binder that unites the other spaces around it. And that’s how it goes… Griyoase, as a combination of the words griya / griyo (house) and oase (spring in the middle of a desert that is overgrown with trees) that cools the surroundings. This house optimizes the openings so that the light can enter as much as possible and the air circulation can run properly. The inneryard in the center of the house is planted with large Moringa tree.Save this picture!© Mansyur HasanSave this picture!Ground Floor PlanSave this picture!© Mansyur HasanThis large inneryard becomes this house orientation. From all angles of the room you can see the inner courtyard freely. Coupled with the voids of the stairs, the lighting and air circulation in this house work optimally. For rooms that are located at the back of the house, there are small gaps between back wall of the house to the room are given so that sunlight can still enter, penetrate and provide light from the top to the lower floor of the warehouse and the guest bedroom.Save this picture!© Mansyur HasanTree and Three. The concept of Griyoase is then described in Tree & Tree as a combination of Tree (tree) and Three (three). The concept of Tree is because the clients and family love trees and plants, so this house is truly transformed into an “oasis”. What is quite interesting about this house is that trees are specially planted to support the existence of the house. This tree-loving client bought trees originally from Africa, namely Baobab and Moringa trees, which in fact really reinforce the natural atmosphere inside and outside the house. The shape of the Baobab and Moringa trees are quite unique, their “bulgy” trunks, so the natural impression is more attractive and “artistic”. Meanwhile, Three doesn’t only appear as a triangle as seen in the part of the facade of this house which is side by side with the brick arrangement, but also as a basis of several things based on “3” (three) elements which can be described as follows:Save this picture!Section3 Colors: White, Gray, Black. In the design of this house, the architect uses 3 main colors: white, gray and black. These 3 (three) colors are combined in such a way as to create a variation that is not too colorful. This 3 colors combination looks very clear. The floor is gray, the walls are white, and the door and window frames plus the stair railing and fence are black. The brick color in the facade of the house is more of an accent that makes this house easy to recognize in its surroundings. The clients also like wood, the doors use ironwood which is known for its strength and firm. This ironwood color can still blend with the terracotta color of the brick.Save this picture!© Mansyur HasanCollaboration of 3 Parties: Architects, Clients, Contractors. In the process of designing this house until it was built, there was a design collaboration between 3 parties. As mentioned above, that the client is a graphic designer, who has basic design knowledge that is very helpful for architects in processing their house design. Meanwhile, the executor or contractor also comes from an architectural education background, so that they can understand the wishes of the architect and the client more deeply.Save this picture!Diagam 04In fact, architects do not need to closely supervise the implementation process, because the executor is able to understand the design drawings well and implement them according to the architect’s design. Thus, the three of them can collaborate proportionally to build this house, because all three of them already understand the basic design. So, this house is actually a collaborative oasis “between 3 designers”.Save this picture!© Mansyur HasanInto 3 Stories: 1st Floor, 2nd Floor and 3rd Floor (roof top). Initially, according to the design, only 1st and 2nd floor of the house were functioned, where the 1st floor was for family activities, while the 2nd floor was for more private activities. However, when the Covid 19 pandemic broke out in early 2020 which required a lot of activities at home, this family thought of using the roof top floor above for their pot-based-gardening hobby. In consultation with the architect, a new staircase was designed and built so that the 3rd floor could be accessed more easily from the 2nd floor.Save this picture!Front ElevationFinally, the roof top floor became the 3rd floor specifically for the hobby of maintaining plants. This 3rd floor also provides ecological awareness, that human life cannot be separated from nature and the environment, with the various types of plants and trees that are around us, in a symbiotic relationship, mutualism, which is mutually beneficial. Become an oasis for the environment. Yes, we present it to you… Griyoase! Save this picture!© Mansyur Hasan+ 23Curated by Hana Abdel Share Houses Project gallerySee allShow lessPublic Village Center of Qili Village / SSDesignSelected ProjectsFleming Park House / Cloud Architecture StudioSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/961114/griyoase-house-andyrahman-architect Clipboard CopyAbout this officeAndyrahman ArchitectOfficeFollowProductsConcreteBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookKecamatan GayunganIndonesiaPublished on May 05, 2021Cite: “Griyoase House / Andyrahman Architect” 04 May 2021. ArchDaily. Accessed 10 Jun 2021.
Linkedin Advertisement Previous articleGive us a boat, plead firefightersNext articlePlanning breach angers residents admin Email WhatsApp Twitter NewsLocal NewsABC confirm Limerick Post ‘Number 1’By admin – March 4, 2010 440 Print Facebook THE Limerick Post newspaper has filed a complaint with ABC (Audit Bureau of Circulation) about claims made by the Limerick Independent. The certified ABC door-to-door figures for the Limerick Post for the period June 29, 2009, to Jan 3, 2010, are 17,450.Sign up for the weekly Limerick Post newsletter Sign Up Certified ABC Bulk Distribution for the Limerick Post, for the same period, is 30,069, giving a combined total of 47,519Certified ABC door-to-door figures for the Limerick Independent for the period June 29, 2009, to Jan 3, 2010, are nil.The Limerick Independent is not registered with ABC for Bulk Distribution; they recently obtained Consumer Magazine Classification of 25,000 copies for the period October 1, 2009, to Dec 31, 2009, and which does not take into account returned or not picked up copies.Certified ABC figures confirm that Limerick Post, is the leading newspaper in the Mid West region. The complaint is currently under investigation.Following a complaint made earlier this year by the Limerick Post against the Limerick Independent, the following judgement was upheld by ABC:Complaint – against the Limerick Independent relating to “An advertisement carried in the 23 December and 13 January issues incorrectly implied non-ABC figures were ABC certified and incorrectly claimed the newspaper is the ‘New No. 1’.”Result – Upheld. Judgement from ABC – “Whilst the Limerick Independent’s door to door distribution figure of 25,821 is ABC certified (Jan to June 2009), the distribution figure of 25,132 for shops and businesses and the combined total of 50,953 were not ABC certified and should have been sourced as publisher statements. The use of the terms ‘approved’ and ‘certified’ in a box in the style of the ABC logo were considered to incorrectly imply all the figures quoted were ABC certified. The ‘No.1’ claim was deemed to refer to distribution in the context of the advertisement. However when comparing the ABC certified figure for the Limerick Independent with the ABC certified door to door and bulk distribution of the Limerick Post, the No.1 claim was contradicted by the ABC data, and no alternative source was identified as required by ABC publicity rules. As well as being required to ensure future material complied with the relevant publicity rules, the Limerick Independent is required to publish a clarification in the Wednesday 9 March issue.
Need for issues with Mica redress scheme to be addressed raised in Seanad also Google+ RELATED ARTICLESMORE FROM AUTHOR Twitter News Facebook Pinterest Pinterest By News Highland – January 16, 2014 WhatsApp Twitter Letterkenny General staffing crisis to be raised with Health Minister Dail hears questions over design, funding and operation of Mica redress scheme WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Minister McConalogue says he is working to improve fishing quota Previous articleAny pharmacy could cut costs to rival Northern IrelandNext articlePolice in Strabane concerned at the use of ‘laughing gas’ for recreational purposes News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week A Donegal North East Deputy is to raise the overcrowding crisis at Letterkenny General Hospital with the Health Minister.A spokesperson for the INMO yesterday said that the overcrowding crisis at Letterkenny General Hospital had worsened, with patients being treated on trolleys in corridors at the hospital.All patients south of the Twin Towns are now being diverted to Sligo, while attempts were made to divert patients from Inishowen to Altnagelvin in Derry, but that’s not been possible because Altnagelvin itself is under pressure and is diverting patients to the Erne and Causeway Hospitals.Deputy Padraig MacLochlainn says it is obvious there is a staffing crisis at Letterkenny General, and James Reilly needs to make the hospital a special case and lift the moratorium:[podcast]http://www.highlandradio.com/wp-content/uploads/2014/01/padTROLLY.mp3[/podcast] 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Google+ Facebook
Top StoriesPower Under Section 482 CrPC Cannot Be Used To Undermine Statutory Dictate Under Section 14, 17 IBC: Supreme Court LIVELAW NEWS NETWORK22 April 2021 9:38 PMShare This – xThe power under Section 482 of Code of Criminal Procedure cannot be used to overlook the undermining of a statutory dictate, the Supreme Court observed in a judgment delivered on Thursday.In this case, the High Court allowed an interlocutory application filed by a Company claiming to be an operational creditor to allow it to operate its bank account maintained with the ICICI Bank and to unfreeze the bank account of its creditors over which the lien has been created and the accounts frozen pursuant to the lodging of an FIR by the Interim Resolution Professional.Before the Apex Court, the IRP contended that the whole purpose of the moratorium would be defeated if members of the previous management of the Corporate Debtor are left free to transfer the funds of the Corporate Debtor.”We have to also in this context bear in mind that the High Court appears to have, in passing the impugned order, which is an interim order for that matter, overlooked the salutary limits on its power under Section 482. The power under Section 482 may not be available to the Court to countenance the breach of a statuary provision. The words ‘to secure the ends of justice’ in Section 482 cannot mean to overlook the undermining of a statutory dictate, which in this case is the provisions of Section 14, and Section 17 of the IBC.”, the bench comprising Justices UU Lalit and KM Joseph observed.The Court noted that after a Resolution Professional is appointed, it is for him to conduct the resolution process and manage the operations, though he is is bound to seek prior approval of the Committee of Creditors in certain matters. The court noted that in this case, moratorium was declared and the assets of the company would include the amounts lying to the credit in the bank accounts.”The Respondent No.1 is allowed to operate its account subject to it to first remitting into the account of the Corporate Debtor, the amount of Rs 32.50 lakhs which stood paid to it by the management of the Corporate Debtor. The assets of the Corporate Debtor shall be managed strictly in terms of the provisions of the IBC. The Appellant as RP will bear in mind the provision of Section 14 (2A) and the object of IBC. We however make it clear that our order shall not be taken as our pronouncement on the 28 issues arising from the FIR including the petition pending under Section 482 of the Cr.P.C.”, the court said while allowing the appeal Case: Sandeep Khaitan, Resolution Professional For National Plywood Industries Ltd. Vs. JSVM Plywood Industries Ltd. [CrA 447 OF 2021]Coram: Justices UU Lalit and KM JosephCitation: LL 2021 SC 228Click here to Read/Download JudgmentRead JudgmentTagsSection 482 CrPC Supreme Court Justice KM Joseph Justice UU Lalit IBC Next Story