whatsapp Cable wages war on British boardrooms by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com KCS-content Tuesday 21 September 2010 8:38 pm whatsapp VINCE Cable will today launch a scathing attack on British business, announcing a wide-ranging investigation into company takeovers, executive pay and corporate governance. The business secretary will use a keynote speech at the Liberal Democrat conference to wage war on large companies, promising to “shine a harsh light into the murky world of corporate behaviour”. Cable is also expected to slam so-called “short-term shareholders” that buy stock in anticipation of a takeover offer, as well as investment banks and others who earn fees by advising on corporate mergers and acquisitions. “The principle of responsible ownership should apply across the business world. Let me be quite clear. The government’s agenda is not one of laissez-faire. Markets are often irrational or rigged,” Cable is expected to tell Liberal Democrat members in Liverpool. “Why should good companies be destroyed by short term investors looking for a speculative killing, while their accomplices in the City make fat fees? Why do directors forget their wider duties when a fat cheque is waved before them? Capitalism takes no prisoners and kills competition where it can.”The business secretary’s speech comes as the government prepares to merge the UK Listing Authority (UKLA) with the Financial Reporting Council (FRC), creating a “powerful companies regulator” to police big firms. Such a regulator would be housed under the auspices of Cable’s business department, allowing him to crack down on executive pay, corporate takeovers and perceived flaws in corporate governance.Yesterday, the FRC – which will emerge from the shake-up as an organisation with significantly more power – welcomed Cable’s announcement. “We fully support the minister’s focus on both tackling short-termism and encouraging shareholder responsibility,” said FRC chief executive Stephen Haddrill. But employers’ group the CBI hit out at the business secretary’s comments, insisting his anti-capitalist comments were at odds with the government’s oft-stated aim of a private sector recovery. Richard Lambert, CBI director-general, said: “Of course Cable is right to say that the principle of responsible ownership should apply across the business world. But it’s odd that he thinks it sensible to use such emotional language.”He added: “The case for corporate takeovers is that they allow control of poorly run businesses to pass into more efficient hands. Cable has harsh things to say about the capitalist system: it will be interesting to hear his ideas for an alternative.”The business secretary’s comments came as a raft of politicians and establishment figures stepped up their war of words on the City. Lord Turner, chairman of the Financial Services Authority, used his Mansion House speech to claim that “absurd bonuses for excessive risk taking” and “an explosion of exotic socially useless product development” were partly to blame for the economic crisis, though he was at pains also to blame bad policies. And Nick Clegg, the deputy prime minister, said it was “ethically wrong” for people to use accountants to cut their tax bills. Clegg and Cable also said the government would be willing to impose a tax on bankers’ bonuses if banks don’t show “restraint” in the forthcoming remuneration round, although aides to the chancellor said there was little chance of a re-run of Labour’s one-off bonus tax. Show Comments ▼ Tags: NULL Share
Why I believe the Tesco share price could soon return to 300p I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! It looks as if the Tesco (LSE: TSCO) share price is on offer right now. Shares in the UK’s largest retailer have plunged, in line with the rest of the market over the past few weeks.However, while other companies are struggling in the current environment, Tesco appears to be thriving.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Tesco share price recoveryFigures suggest UK consumers have increased their food buying by more than 60% year-on-year in the past few weeks. As the largest food retailer in the UK, Tesco could benefit disproportionately from this.What’s more, management estimates the government’s business rate tax holiday will boost the group’s bottom line by around £500m this year. For some comparison, last year the company earned a total net profit of £1.3bn.Unfortunately, it’s not all good news for the Tesco share price. Disruption to operations from staff sickness, as well as the extra costs of hiring thousands of new staff to deal with the increase in demand, will hit the bottom line. The retailer has increased the size of its workforce by a staggering 10% over the past 10 days.It’s also likely the group’s Booker wholesaler division has seen a significant drop in demand. The business primarily caters to small businesses in the leisure sector. As the government has ordered most of these operations to shut up shop to contain the spread of the coronavirus, Booker may be struggling.That said, Tesco’s logistics network is second to none, and some of the retail sector’s most experienced minds are in charge of operations. This implies the group could have worked to offset falling demand in one section of the business by shipping goods to other stores.UndervaluedWe’ll have to wait and see what the impact of the above will be on Tesco’s bottom line. However, at this stage, it looks as if the company might come out from this crisis in a better position than it was at the end of 2019.On top of the tax break and demand boost, Tesco is also in the process of selling its Asian business. The £8bn deal will shore up the group’s balance sheet, and management has even hinted at a £5bn special dividend. That suggests investors are in line for a special payout of around 20p per share.After recent declines, Tesco share price is trading at a price-to-earnings (P/E) ratio of 13.4. That’s compared to its five-year average of around 20.Based on current City earnings estimates, if the Tesco share price returns to a P/E of 20, it could be worth as much as 340p. These estimates could unstate the firm’s potential at this stage. Including the 20p special dividend, this suggests the stock has an upside of 63% from current levels.So, if you looking for a defensive, undervalued investment, it could be worth taking a closer look at Tesco. “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Tesco. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Rupert Hargreaves | Wednesday, 1st April, 2020 | More on: TSCO Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Simply click below to discover how you can take advantage of this. See all posts by Rupert Hargreaves
CopyHouses•Winzendorf-Muthmannsdorf, Austria Area: 150 m² Year Completion year of this architecture project Projects Austria AVOS – the little Black House / STEINBAUER architektur+design AVOS – the little Black House / STEINBAUER architektur+designSave this projectSaveAVOS – the little Black House / STEINBAUER architektur+designSave this picture!© Oliver Steinbauer+ 22Curated by Paula Pintos Share Architects: STEINBAUER architektur+design Area Area of this architecture project CopyAbout this officeSTEINBAUER architektur+designOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookWinzendorf-MuthmannsdorfAustriaPublished on February 08, 2020Cite: “AVOS – the little Black House / STEINBAUER architektur+design” 08 Feb 2020. ArchDaily. Accessed 10 Jun 2021.
ArchDaily Projects Manufacturers: CIN, CLIMAR, PADIMAT, A. Moreira CadeteArchitecture Collaboration:Renata Vieira, Ana Caracol, Ruben Mateus, João Nery Morais, André Barreiros SilvaBuilder:Manuel Gonçalves & Marques LDA.City:LisbonCountry:PortugalMore SpecsLess SpecsSave this picture!© Fernando Guerra | FG+SGRecommended ProductsWindowsKalwall®Facades – Window ReplacementsCeramicsTerrealTerracotta Baguettes in Vork CenterEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornWindowsAir-LuxSliding Window – CurvedText description provided by the architects. This house is located in an early 50´s residential neighborhood, more precisely at the western edge, in an area surrounded buy terraced houses, near the Restelo shopping street.Save this picture!© Fernando Guerra | FG+SGThe main area of intervention was the rear part of the house, which was completely redrawn. Searching for a contrast with the main façade, we envisioned a fascia, opened by a series of windows and shutters resembling a pattern of traditional Portuguese tiles. This pattern works like a skin that filters the sun light and also protects the house from intruders.Save this picture!© Fernando Guerra | FG+SGIn order to give the top floor more habitable space, we created a mansard roof with three openings.Save this picture!© Fernando Guerra | FG+SGAt the ground level we transformed the ground floor in one unique living area, joining together the entrance, the living room and the kitchen. A white volume coated with grate lines, disguises an area of a closet, social toilet and storage. This central core also performs a separation within spaces.Save this picture!© Fernando Guerra | FG+SGThe staircase between the ground floor and the first floor are leaning on the left side of the entire volume. This was made in order to ensure an optimized living area and also a central passage to the first floor.Save this picture!SectionSave this picture!SectionWe planned for the first floor the private area, where the rooms are located, including a suite. To make this last request possible, with the areas we had, we placed a lavatory in the bed space that also worked as a sideboard. As for the shower cabin and the toilet, we merged them behind a glass wall, diluting the limits of the space, giving us a feeling of a much greater space.Save this picture!© Fernando Guerra | FG+SGFor the attic we idealized the mansard roof to give us the possibility of more livable area. With great view to the garden, is a bed room, a toilet and an office.Save this picture!© Fernando Guerra | FG+SGProject gallerySee allShow lessARN 25 House / [i]da arquitectosSelected Projects22m2 Apartment in Taiwan / A Little DesignSelected Projects Share Architects: João Tiago Aguiar Arquitectos Area Area of this architecture project Restelo House / João Tiago Aguiar ArquitectosSave this projectSaveRestelo House / João Tiago Aguiar Arquitectos Photographs Area: 225 m² Year Completion year of this architecture project CopyHouses, Refurbishment•Lisbon, Portugal Year: Restelo House / João Tiago Aguiar Arquitectos ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/787542/restelo-house-joao-tiago-aguiar Clipboard 2016 “COPY” Houses Portugal Photographs: Fernando Guerra | FG+SG Manufacturers Brands with products used in this architecture project “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/787542/restelo-house-joao-tiago-aguiar Clipboard Save this picture!© Fernando Guerra | FG+SG+ 32Curated by Pedro Vada Share CopyAbout this officeJoão Tiago Aguiar ArquitectosOfficeFollowProductsWoodSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentLisbonIcebergPortugalPublished on August 02, 2020Cite: ” Restelo House / João Tiago Aguiar Arquitectos” 02 Aug 2020. ArchDaily. Accessed 10 Jun 2021.
26 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 14 June 2005 | News Three Northern Ireland charities have joined forces to raise money for homeless people.Simon Community Northern Ireland, Ark Housing Association and Shelter (NI) have issued a challenge to participants to complete over a 72 hour period on 30 June 2005 climbing four peaks in the Mourne Mountains, County Down.This is the first time such an event has been attempted by the voluntary housing sector and all funds will go to help homeless people. Advertisement 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. Tagged with: Ireland AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Mountain challenge for ‘social’ climbers
290 total views, 2 views today The Good Exchange has now dispersed a total of £8.5 million to charitable causes, it has announced on its second anniversary.The not-for-profit online matching platform has seen a 76% year-on-year growth in grants and a 26% rise in donations made via its platform, with new applicants also up by 75%. Visitors to its site have also risen 76%.The Good Exchange platform went live on 1 September 2016 and matches charitable local projects with funding from grant makers, donors and fundraisers. It replaced findmeagrant.org, which was Greenham Common Trust’s web platform, and is wholly owned by the Trust. It saw £4.7m distributed to good causes in its first year.In the last 12 months, The Good Exchange has also been shortlisted for two awards: the most innovative cloud product or service in the Computing Cloud Excellence Awards and The Newbury Weekly News Best in Business Awards.It has also launched a new website, helping to drive 76% growth in visitors to the platform along with a new YouTube channel, which offers help on a range of subjects from social media training to best practice case studies.Ed Gairdner, COO of The Good Exchange, said:“We’ve been proud to support many varied and excellent fundraising projects and the growing number of grant givers who see the huge benefits of collaborative funding on our platform this year, and are thrilled to report such significant rates of growth.“Our charity-owned status ensures that everything we do is always in the best interests of the charitable sector and this is reflected in the feedback we’re receiving on our platform. It’s encouraging to hear how it’s making a real difference to charitable projects, helping to close the funding gap and boosting collaboration between funders and fundraisers.” Melanie May | 20 September 2018 | News 291 total views, 3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7 Advertisement Tagged with: Funding Technology The Good Exchange announces £8.5m to charitable causes in first two years AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.
Sit-down in Los Angeles. Coming up: Black Friday.Photo: UFCW.orgWalmart workers carried out their first ever sit-down strikes at two different stores in Los Angeles on Nov. 13.After sitting down inside the store at Pico Rivera, workers marched outside, sat down in a busy intersection and refused to leave. Police struggled to free up the intersection and keep traffic and Walmart profits flowing, but were only able to break up the action after 23 protesters had been arrested.The strike was part of an ongoing campaign by the workers’ organization called OUR Walmart to fight for higher pay and stop the company’s retaliation against workers who speak out and try to organize.Intimidation and retaliation are favored anti-union tactics of the giant retail chain. This was the first Walmart workers’ sit-down strike, but OUR Walmart, with assistance from the Food and Commercial Workers union, has carried out a series of spirited actions for months.During October protests, 26 were arrested at the New York home of Alice Walton and another 16 were arrested at a protest in Washington, D.C. On the same day, hundreds gathered to protest in front of Rob Walton’s posh residence in Phoenix. Other recent actions included a 75-mile walk from a giant Walmart warehouse to Los Angeles, which garnered a good deal of press attention.The Walton family controls more wealth than the bottom 40 percent of the entire U.S. population. That money comes from the exploitation of the Walmart workers, who are paid so little that many live below the federal poverty line and can only survive on food stamps and other social services. The hours they are allowed to work are limited so that Walmart can pay them less and provide few benefits. Many Walmart staff sleep in their cars in the parking lots of the stores where they work, so that, if they’re called on, they can work extra hours without having to commute.Workers World spoke with Daniel Coles, a Walmart worker who is also an OUR Walmart organizer and who participated in the action at the Crenshaw store, located in South Central Los Angeles.WW: You participated in one of the sit-down actions called by OUR Walmart on Thursday. Can you describe what happened?Daniel Coles: Yes, I did! I was in the one at Crenshaw. At first, none of us who were going to be in it knew which stores we were going to. When I was first told I was going to Crenshaw, I was so happy, because that’s the store where I work. I knew that customers would know us and support us.When we got there we went inside the entrance, and one group lined up on one side, and the other group lined up on the other side. We didn’t intend to block the entrance, we just wanted to be on both sides for a long time so that as people walked in they would have to see us and hear us.We used the Walmart slogan, which is “Save money, live better,” except we changed it to say “Stand up, live better.” So at first we chanted that, and then when we were ready to do the actual sit-down, we changed it to “Sit down, live better.” Then we put tape on our mouths with “Strike” written on it to symbolize that Walmart tries to silence us. The action lasted about two hours. At my store, just like I thought, we had a lot of customer support. People told us that they agreed with us.It was live streamed so a lot of people saw it. The analysts saw it in Arkansas. They had a meeting scheduled. We wanted them to see what was really happening at Walmart.WW: Who are the analysts?Coles: They’re a group of investors really, who analyze information about the different stores to see if everything is going well, so they know the stores are going smoothly and making money.WW: Is it usually managers who give them the information?Coles: Usually CFOs. But we wanted them to see what’s really happening. Their meeting was set for 10 o’clock in Arkansas so we got started about 15 minutes before and we know they saw it.WW: So these actions were set up for that reason? They were timed so that the investors would be confronted with the actions during their meeting?Coles: Yes, that was the plan from the beginning.WW: What were the specific demands?Coles: We were demanding $15 an hour, full-time hours, and that Walmart management stop retaliating against us for our efforts to get a living wage.WW: What was management’s reaction? Did they try to stop you or try to make you leave?Coles: They were really surprised because they had no idea this was happening. At the Crenshaw store the manager called his boss, but they must have decided not to try to make us leave because we weren’t blocking customers and we had a lot of customer support in that store. A lot of people told us they agreed and supported us.WW: What was the mood of you and your fellow workers at the end? Did you feel it was successful?Coles: Everyone was really happy and proud, telling each other, “I’m really glad we did this.” “We did good work,” and things like that. We’re all looking forward to another strike on Black Friday, which is going to be even better.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Top Stories”Brutally Manhandled By Maharashtra Police”: Arnab Goswami Seeks Interim Bail From Bombay High Court Nitish Kashyap7 Nov 2020 12:44 AMShare This – xBail Hearing Before CJM Will Be Deliberately Delayed By Maharashtra Police; Arnab Goswami Contends In Interim Bail Application Before Bombay HC An interim application has been filed on behalf of Arnab Goswami before the Bombay High Court seeking his immediate release and interim stay on all proceedings in the FIR of 2018 relating to suicide of Anvay Naik and his mother.Allegedly the deceased…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?LoginBail Hearing Before CJM Will Be Deliberately Delayed By Maharashtra Police; Arnab Goswami Contends In Interim Bail Application Before Bombay HC An interim application has been filed on behalf of Arnab Goswami before the Bombay High Court seeking his immediate release and interim stay on all proceedings in the FIR of 2018 relating to suicide of Anvay Naik and his mother.Allegedly the deceased left a suicide note stating that him and his mother have decided to commit suicide because of non-payment of dues to the tune of Rs.5.40 cr by the three accused in the case to Concorde Designs Pvt Ltd (CDPL), of which both were directors.The IA which has been filed along with the habeas corpus plea, challenges-“The petitioner’s illegal arrest by the Mumbai police on the morning of 4 November 2020 at around 7:45 A.M. and the wrongful/unlawful detention thereafter in connection with the FIR, dated 5 May 2018, registered at Alibaug Police Station, Raigad, under Sections 306 and 34 of the Indian Penal Code, 1860 and praying for an urgent order of stay of investigation in the above FIR, and for immediate release of the petitioner from illegal detention and wrongful custody.”Petitioner has alleged in the application filed through Phoenix Legal that on November 4, more than 20 uniformed police officers led by Sachin Vaze, an encounter specialist and armed with assault weapons barged into his house in the early morning hours and forcefully dragged him out of the house. The application states-“The petitioner and his family were brutally manhandled, verbally and physically assaulted by the police officers and the petitioner was dragged by his body out of the house in front of his family and taken in custody.During the course of his arrest and while being transferred to Alibaug in a police van and in the custody of the police, the Petitioner suffered a 6-inch-deep gash on his left hand, a serious injury to his spinal cord, was hit by a heavy uniform police officer’s boot, was not allowed to wear shoes throughout, suffered vein injuries and was not even given access to drinking water. Additionally, the Petitioner was also forced to consume certain liquid by the police officers guarding him and choked as a result thereof.”Moreover, petitioner contends that the investigation is illegal and dehors the law and consequently the arrest is also blatantly vitiated and nonest in law-“The Petitioner is filing the present application as the bail hearing before the Chief Judicial Magistrate, Alibaug, Raigad is dependent on the filing of a reply by the Maharashtra police, which will be deliberately delayed to ensure that the Petitioner remains illegally detained and his remedy is rendered infructuous and ineffective.As stated in the Writ Petition, investigation into FIR No. 59 of 2018 was closed and a ‘A’ Summary report was accepted by the Chief Judicial Magistrate, Alibaug, Raigad on 16 April 2019 and there is no judicial order thereafter reopening the investigation/reinvestigation or directing further investigation. There is no requirement to continue the illegal detention of the Petitioner as all records of the matter are with the Maharashtra police which had been provided by the Petitioner way back in 2019.”Finally, the petitioner has sought bail and directions to the respondents to immediately release him from illegal detention and wrongful custody. Also, pending the final hearing and disposal of the writ petition, petitioner has sought a stay on all further proceedings, including the investigation in the said FIR of 2018. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story
Top Stories’Too Late To Approach Court’ : Supreme Court Dismisses Plea Against Dismantling Of ‘INS Viraat’ Radhika Roy12 April 2021 2:00 AMShare This – xThe Supreme Court on Monday dismissed the SLP filed by a private firm seeking for the staying of the dismantling of decommissioned Indian Navy aircraft carrier ‘INS Viraat’ and handing it over to them for conversion into a maritime museum.A Bench headed by Chief Justice of India SA Bobde informed Rupali Sharma, the representative of the petitioner-company M/s Envitech Marine…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Monday dismissed the SLP filed by a private firm seeking for the staying of the dismantling of decommissioned Indian Navy aircraft carrier ‘INS Viraat’ and handing it over to them for conversion into a maritime museum.A Bench headed by Chief Justice of India SA Bobde informed Rupali Sharma, the representative of the petitioner-company M/s Envitech Marine Consultants Private Limited,that she had approached the Court too late and that as the Ministry of Defence had already refused the request of the firm, the Court could not interfere in the matter. The CJI informed the Petitioner, “We are with you as far as the spirit of nationalism is concerned, but you are already too late in this case. 40% of the ship has been dismantled. We cannot interfere now. Government has already taken a decision”. Senior Advocate Rajeev Dhavan, appearing on behalf of Shree Ram Group of Industries who have purchased the ship in an open purchase agreement, submitted to the Court that the Bombay High Court had granted liberty to the Petitioner to approach the Ministry of Defence to get their permission. However, the Ministry of Defence had refused the same. “I am pointing this out because it connects with the High Court judgment. The only relief that was given was to go to the Ministry of Defence. They have refused. The matter should end right there”, submitted Dhavan. The CJI then stated to the Petitioner, “You have come too late. You have not even challenged the order. What is this? High Court has already given you a relief and that has been rejected. You cannot do this.” Accordingly, the plea was dismissed. On February 10, the Top Court had stayed the dismantling of decommissioned Indian Navy aircraft carrier ‘INS Viraat’ while issuing notice on a petition filed by a private company, who offered to preserve the iconic ship in national interest. The Court was considering a petition filed by M/s Envitech Marine Consultants Private Limited, which was interested in buying the ship from its present owner to convert it into a maritime museum.The ship was sold to Shree Ram Ship Breakers in an auction last year. It is now beached at Alang in Gujarat where it is being dismantled. The owner of the Company had previously submitted to the Bench that they were willing to offer 100 crore rupees for the ship which was auctioned off for nearly Rs. 65 crores. The Bench had sought the responses of the Ministry of Defence and the present owner of the ship. Envitech Marine Consultants had earlier approached the Bombay High Court with the prayer. On November 3 last year, a Division Bench comprising Justices Nitin Jamdar and Milind Jadhav directed the Ministry of Defence to take a decision on the representation made by the company for NOC to acquire the ship. On November 27, the Ministry rejected the request for NOC. The 65-year old aircraft carrier INS Viraat was inducted into the Indian Navy in 1987, after being acquired from UK, and decommissioned in 2017.CASE: Envitech Marine Consultants Private Limited Vs. Union Of India CITATION: LL 2021 SC 214Click here to Read/Download OrderNext Story