BULLISH comments from Warren Buffett helped US stocks end another good month on a high note yesterday, but uncertainty about oil prices could keep investors from pushing the market much higher.A sign stocks may stall out was evident in the lacklustre volume, in contrast with last week’s selloff, which occurred on heavy volume. Just 7.3bn shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, well below last year’s daily average of 8.4bn.The Dow Jones industrial average was up 95.89 points, or 0.79 per cent, at 12,226.34. The Standard & Poor’s 500 Index was up 7.35 points, or 0.56 per cent, at 1,327.23. The Nasdaq Composite Index was up 1.22 points, or 0.04 per cent, at 2,782.27.The Nasdaq’s gains were the smallest as Amazon fell 2.2 per cent to $173.29 (£106.60) after UBS downgraded the online retailer, citing increased costs.For the month, the Dow rose 2.8 per cent, the S&P rose 3.2 per cent and the Nasdaq gained three per cent.“The market is clearly in a play-it-by-ear mode on what comes next, both in terms of the Middle East, the sustainability of this spike (in oil prices) and what, if sustained, this will do to the global economy,” said Peter Boockvar, equity strategist at Miller Tabak + Co.Brent crude oil prices, which had jumped toward $120 a barrel last week, eased to $112. But investors were still jittery that the global economic recovery may be threatened if oil prices stay high.Buffett, chairman of Berkshire Hathaway, spoke in his widely read annual letter to shareholders of the need for “major acquisitions”, a sign stocks may be cheap.The latest acquisition news came from Ventas, which plans to buy Nationwide Health Properties in a $5.8bn stock deal that strengthens Ventas’ position as the biggest US owner of senior housing. NHP shares rose 9.7 per cent to $42.74.Comments from Federal Reserve officials hinting they were ready to support the economy if necessary helped ease concern over the scheduled end of the Fed’s $600bn bond-buying program later this year.New York Fed Bank President William Dudley said policymakers should be wary about withdrawing liquidity too quickly, while St. Louis Fed Bank President James Bullard would not rule out further use of the Fed’s unorthodox tool for stimulus.Data out yesterday showed Midwest business activity rose more than forecast in February. Monday 28 February 2011 7:23 pm Share Show Comments ▼ whatsapp KCS-content Tags: NULL Wall Street finishes February on a high More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.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.com whatsapp
Dale Capital Group Limited (DCPL.mu) listed on the Stock Exchange of Mauritius under the Investment sector has released it’s 2011 annual report.For more information about Dale Capital Group Limited (DCPL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Dale Capital Group Limited (DCPL.mu) company page on AfricanFinancials.Document: Dale Capital Group Limited (DCPL.mu) 2011 annual report.Company ProfileDale Capital Group is a publicly-quoted Private Equity Investment Holding Company, which deals with investment in hotels, leisure and tourism, property, Information Technology, food and security, fine food and beverages, banking and financial services, agriculture, aquaculture, aviation, mining and resources, renewable energy, African infrastructure, secured lending, non-durable goods distribution, lodging, and financial and fiduciary services sectors. The company is particularly interested in investments within the Sub-Saharan Africa Region, though the company is headquartered in Ebene, Mauritius with additional offices in Cape Town, South Africa. Dale Capital Group is listed on the Stock Exchange of Mauritius.
Kenya Commercial Bank (KCB.rw) listed on the Rwanda Stock Exchange under the Banking sector has released it’s 2015 presentation results for the half year.For more information about Kenya Commercial Bank (KCB.rw) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank (KCB.rw) company page on AfricanFinancials.Document: Kenya Commercial Bank (KCB.rw) 2015 presentation results for the half year.Company ProfileKenya Commercial Bank (KCB) Rwanda Limited is a commercial bank offering financial solutions to private individuals and the corporate banking segment in Rwanda. KCB Bank Rwanda is a wholly-owned subsidiary of the KCB Group which is East Africa’s largest commercial bank by asset base. The Bank was established in 2008 after it was licensed by Rwanda’s banking regulator, the National Bank of Rwanda. It has 14 branches located in the main towns and cities of Rwanda as well as an extensive network of KCB Iwacu agents. Kenya Commercial Bank is listed on the Rwanda Stock Exchange
Tezcan Gecgil, PhD | Wednesday, 10th June, 2020 Retirement years can be expensive. For many people, their golden years will likely last a couple of decades. Spending only £20,000 or £30,000 per year can amount to a considerable sum in that time frame. Therefore we must all prepare for it well in advance. Yet there’s good news for all of us. If you’d like to be wealthy in retirement, regular and long-term investing can help considerably. And as many FTSE shares rebound from their recent lows, they also offer considerable long-term investing value. Let’s see why.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…Retirement knowledge is powerAs people near retirement, their biggest worry centres around money, or rather the lack of it. Surveys point out that many people over the age of 55 have low levels of monetary wealth and very little in assets other than their homes. A large percentage believe they’ve failed to plan for retirement adequately.Financial knowledge and planning are clearly related. People with higher financial literacy are more likely to plan successfully for retirement. But you don’t have to be a financial guru, or insider, to make sensible plans for your future.The first step would be to think about how much your retirement may cost and how you’ll pay for it. Then look at the various financial products available to save for retirement. One of the key channels in which you could invest your hard earned money is the stock market.Long-term is the name of the gameMy Motley Fool colleagues have written at length about funds and stocks to consider for a diversified retirement portfolio. They’ve pointed out that the stock market returns about 6-8% annually, on average. And that includes market sell-offs like we’ve recently witnessed.Let’s assume you’re aged 25, would like to invest £2,000 in a fund now, and would make an additional £3,600 of contributions annually at the end of the given year. That means you have at least 40 years to invest. The annual return is 7%, compounded once a year.At the end of 40 years, the total amount saved becomes £798,943. If the annual return increases to 8%, the amount becomes £1.050m. Yes, that would mean you’d retire a millionaire!If you can increase how much you can save per month, say to £400 (or £4,800 a year), the amount at the end of 40 years at an annual return rate of 8% is £1.386m.Put another way, we can pretty much all become millionaires in our lifetimes. Just remember to start early and invest a definite amount regularly each month. FTSE sharesThe London Stock Exchange is home to many companies that have made long-term investors wealthy.In the FTSE 100, I believe BAE Systems, British American Tobacco, GlaxoSmithKline, Pennon Group, Tesco, Unilever and Vodafone could be solid picks for a personal pension portfolio.If the FTSE 250 is on your radar screen, then you may research the fundamentals for Britvic, Centamin, Dechra Pharmaceuticals, Moneysupermarket, and Tate & Lyle.A diversified portfolio is always recommended. But you don’t necessarily have to look for the next big company set to skyrocket to success.You may also consider investing via Exchange Traded Funds (ETFs), which you can easily buy or sell like you would any other share. An example would be the iShares UK Dividend UCITS ETF which is a basket of the 50 highest-yielding stocks from the FTSE 350 Index. Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” FTSE shares rebound: I believe investors can retire rich 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. Our 6 ‘Best Buys Now’ Shares tezcang has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Britvic, GlaxoSmithKline, and Unilever. The Motley Fool UK has recommended Moneysupermarket.com and Pennon Group. 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. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Simply click below to discover how you can take advantage of this. 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. 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Save this picture!© Robert Niederl+ 23 Share Products used in this ProjectDoorsSky-FrameInsulated Sliding Doors – Sky-Frame ClassicSave this picture!© Robert NiederlText description provided by the architects. Our vision of successful living always leads us to two-sided considerations: to “on the one hand, and on the other” scenarios. For example, we want to feel secure and snug, knowing we can close the door on the world, and at the same time feel liberated. So the question arises of how we can combine and balance both needs. Is there a way from “on the one hand, and on the other” to “not only, but also”? A fusion born out of the spirit of our times.Save this picture!© Robert NiederlThe first question that arises is that of the ideal location. And even this consideration involves bridging differences. People are sociable and have a need for solitude. They want to be in the big city and in a village, they want to enjoy the excitement of urban life and feel like they can lose themselves in nature.Save this picture!FloorPlanThis begins with the search for a building site that reflects a genius loci allowing for the realisation of many visions. It was found at the summit of Pötzleinsdorf mountain. You are up above with a view over the city and at the same time nestled into a natural basin. You are living in the metropolis of Vienna, but situated at the city’s perimeter where there is a village atmosphere and it is green and countrified.Save this picture!© Robert NiederlThe garden is a kind of “secret garden” thanks to the surrounding green belt (splendid isolation) and is only connected to the public sphere by way of an alley (flag). The treetops have an enlarging effect on the space, encompassing the natural surroundings. The property lines are therefore only of relevance up to the height of the Sky-Frame glazed ground floor; above this, you are in an open green space.Save this picture!© Robert NiederlThis single-family home has three floors. It provides the opportunity to fulfil these seemingly opposing wishes. The gently sloping hill-side location on the ridge and the property configuration have allowed for an inset building construction, creating a secluded, intimate situation and sense of security. Thanks to the Sky-Frame frameless sliding windows, an unobstructed view over Vienna can be enjoyed from the first and second floor. The interplay between water surfaces and a waterfall is a feature of the ambiance. The interior of the building brings to mind a wellness oasis, with a sauna and indoor pool.Save this picture!© Robert NiederlThe facade is defined by the dominating element of a robust frame that floats over the terrace like the architrave of a Greek temple. This beam serves as the leitmotif while transforming the accessible area into an imaginary room. The counterpart to this is a reference to the atrium: the facade is set back on the ground floor and suggests a courtyard situated adjacent to the pool. The motif of the atrium, the antique style of a windowless villa, has been realised by means of the modernistic design of a fully-glazed and seemingly windowless structure. The architecture is both extroverted and centred. The frame design optimally presents the space – opening and enclosing it simultaneously.Save this picture!© Robert NiederlThe membrane of the suspended frame is featured in the view of the facade, where the terrace is bordered at its corners with perforated steel plates. These suggest the semi-transparency that has actually been created in the interior of the building using state-of-the-art technology.Save this picture!© Robert NiederlNot only do the perforated steel plates indicate the borders of that space belonging to the house, they also convey the sensation that there is a wider exterior mantle that is equally perforated and chaotic, namely the wall of leaves of the surrounding natural environment, the trees and bushes that fringe the structure. This wall of foliage is also part of the membrane in a wider sense. The various permeable layers that allow continuity between the interior and exterior are integral to the free-flowing design concept.Save this picture!SectionFurther, the house is heated and cooled with a heat pump (ground probes), equivalent to a low-energy house (specific heating demand 32 kWh/[m2 a]). Domestic ventilation has been installed. All functions are bus-controlled and flexibly expandable. A natural swimming pond has been created in the garden that functions without technology. An indoor pool is heated by the heat pump. Cabling for a PV system on the roof allows for upgrading that would make the house energy self-sufficient (in combination with electric cars and battery charger in the garage).Project gallerySee allShow lessCradle to Cradle: Remaking the Way We Make ThingsArchitecture BooksFazer Visitor Center & Meeting Center / K2S ArchitectsSelected Projects Share Houses Architects: Zoran Bodrozic Area Area of this architecture project Haus 33 / Zoran Bodrozic Haus 33 / Zoran BodrozicSave this projectSaveHaus 33 / Zoran Bodrozic ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/796214/haus-33-zoran-bodrozic Clipboard Austria “COPY” 2015 “COPY” Area: 227 m² Year Completion year of this architecture project Photographs: Robert Niederl Manufacturers Brands with products used in this architecture project CopyHouses•Vienna, Austria Manufacturers: Sky-Frame, Kreon, Kunst am Bau Products translation missing: en-US.post.svg.material_description ArchDaily Projects Year: Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/796214/haus-33-zoran-bodrozic Clipboard CopyAbout this officeZoran BodrozicOfficeFollowProductsWoodGlassSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesViennaAustriaPublished on September 30, 2016Cite: “Haus 33 / Zoran Bodrozic” 30 Sep 2016. ArchDaily. Accessed 11 Jun 2021.
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. Howard Lake | 20 June 2005 | News Americans gave over $3 billion online in 2004, say Kintera 28 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The survey also found that:on average, online givers give in total (both online and offline) more than 50% more than those donors who do not give online. more than 12% of all households giving in 2004 made some online donations.more than 75% of donors who go online before making a donation noted that going online made some impact on their decision whether or not to give, and more than 25% said the impact was significant. approximately 35% of all online donors gave at least half of their donation amount online; 22% of all online donors gave all of their donations online. This means that approximately 3% of all donors in 2004 gave all their donations online. “The tsunami may have accounted for $200m of the total online giving in 2004,” said Ephraim Feig, Kintera’s Chief Technology Officer and Chief Marketing Officer, who designed the survey and analysed the data. “The vast majority is due to donors’ acceptance of the Internet as an immediate, convenient and safe way to give.” Roseanne Luth, president and CEO of Luth Research/Luth Research Online, added: “the fact that online giving has increased by more than 50% this past year confirms that those who experience online giving are finding it a preferred alternative to traditional giving of charitable donations.” The report is based on a total of 3,142 responses from two surveys administered in March and April 2005 to the Luth Research SurveySavvy Panel, an online sample source with 3.5 million individuals in the USA.The Kintera/Luth Nonprofit Trend Report, offering in-depth research about the online population’s donation habits, can be downloaded at no charge.More than 15,000 nonprofits use Kintera’s “software as a service” solution. The company is currently expanding to the UK. Contact the UK team. Tagged with: Digital Research / statistics Online donations in the U.S. in 2004 exceeded $3 billion, up by 58% from $1.9bn in 2003, according to a recent study by technology provider Kintera, Inc. and online market research firm Luth Research Inc.The 2005 Kintera/Luth Nonprofit Trend Report is the second detailed report about the online donation habits of the U.S. population. The survey results indicate that more than 8.6 million U.S. households gave online donations in 2004. Results also show that more than 65% of all donors visit at least one of the websites of the nonprofit organisations or fundraising events to which they give. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis
Donal Ryan names Limerick Ladies Football team for League opener Linkedin Email TAGSbereavementCovid 19Keeping Limerick PostedlimerickLimerick Post Advertisement WhatsApp RELATED ARTICLESMORE FROM AUTHOR WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick’s National Camogie League double header to be streamed live Previous article#WorthTheWait – New album from Limerick legend Joe BrowneNext articleLimerick & District Credit Union offering wide range of loans Alan Jacqueshttp://www.limerickpost.ie The funeral procession of the late Paddy Brennan was an example of the new practices that are evolving during the Covid restrictions.Photo: David Raleigh.WITH only 25 mourners allowed attend funerals under Level Five Covid-19 restrictions, Fine Gael councillor Sarah Kiely believes that technology can offer some comfort to the bereaved.Cllr Kiely, whose husband Damien died two years ago, feels this is part of the pandemic that people don’t see unless they are directly involved.“We now have to find our own way through loss and grief. There is no traditional Irish funeral, which is part of who we are,” she told the Limerick Post.Restrictions on numbers allowed attend funerals just adds to the sadness especially for the immediate family.“Thankfully this week the number was revised up to 25. This is not ideal but a bit better.“How do we choose 25 people to come to a funeral? This is hardly a guest list you want to be doing, yet it is a privilege to be asked to be one of the 25.“I know people will understand that this is necessary and they will put their feelings aside for the immediate family,” she adds.Sign up for the weekly Limerick Post newsletter Sign Up However, Cllr Kiely believes that technology can provide a lifeline, with live streaming enabling people to take part in funerals.“When someone dies, friends can be as important as family and if someone has a big family, which most people in Ireland have, this is added pressure for them.“It is a very difficult and different time for people who are planning a funeral for a loved one.”“New traditions are evolving which also brings some comfort and I have seen this happening in estates and streets across the city and county.“The funeral procession in so many cases now goes back to the deceased person’s home. It travels around avenues and stops at the home which is our new normal for a different type of send off.“On a number of occasions people began to clap when the hearse passed. This is both emotional and poignant.“When you see the faces of the family acknowledging the mourners standing to attention it helps with the process. You are now involved. You are doing what you can within the restrictions and that is what the family need too. To know that their family member means so much to their community, to their friends and to their neighbours.”“Speaking from my own experience and that of my family, I remember who made the effort to sympathise with us on the passing of my husband and, a year later, my mother.“It brings a level of comfort more so in the months and years later. In a strange way this is lovely. It is all we have for now and families definitely get comfort from it.“We need to talk about our wishes. In the end, we need to make our wishes clear because tomorrow is promised to nobody. People are kind and that kindness will become more visible in the next six weeks.“We can do this. Where there is light there is hope,” she concludes. Print Facebook Twitter Limerick Ladies National Football League opener to be streamed live Roisin Upton excited by “hockey talent coming through” in Limerick NewsCommunityWhere there is light there is hopeBy Alan Jacques – October 30, 2020 617 Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash
November 25, 2015 1,011 Views As the state of New York heads into the Thanksgiving Holiday, two local Senators are raising awareness of the ongoing foreclosure crisis in parts of the state by presenting housing advocates with a $120,000 check to save distressed homeowners in the 21st Senate District.New York State Senators Kevin S. Parker and Senator Jeff D. Klein presented the Housing and Family Services of Greater New York with a check for $120,000. The funding is designed to fight foreclosures in the 21st Senate District, according to a press release from the press secretary and counsel for the Independent Democratic Conference.The check presentation occurred in front of the home of Judith Alexander, who is a resident of the district and a homeowner in distress, who was only months away from foreclosure.“The impact of the subprime foreclosure crisis has been disastrous for many families undermining the stability and vibrancy of our communities,” said Senator Parker. “Brooklyn was one of the hardest hit areas during the subprime lending crisis, and although the practice has slowed due to state and federal regulations, some homeowners in my district are still finding it difficult to bounce back.The Housing and Family Services of Greater New York is committed to funneling the funding to help families facing the risk of foreclosure. The organization has already created several programs designed to help housing residences, including initiatives to renovate decrepit tenements and other benefits to help homeowners.“For 44 years, Housing and Family Services of Greater New York has been committed to saving neighborhoods and communities one building at a time – whether a homeowner facing foreclosure or a distressed 100-unit apartment building.” added Larry Jayson, Executive Director of Housing and Family Services of Greater New York. The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Foreclosure Prevention New York Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Foreclosure, News Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Foreclosure Prevention New York 2015-11-25 Brian Honea Previous: HELOC Balances at Larger Banks Continue Declining Trend Next: Ocwen Re-Initiates Stock Repurchase Program Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Kerri Panchuk is an attorney and financial writer with more than a decade of experience covering real estate, default servicing, residential mortgage-backed securities, retail, macroeconomics, and commercial real estate. Panchuk graduated from the Southern Methodist University Dedman School of Law and texas Tech University, Panchuk previously served DSNews.com as online managing editor/producer and webcast anchor. In April, she rejoined the Fiver Star Institute as executive director of member groups, overseeing the development and growth of the National Appraisal Congress and Title and Closing Coalition. Panchuk is a member of the State Bar of Texas. Print This Post Home / Daily Dose / Two New York Senators Allocate $120K to Foreclosure Prevention The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Two New York Senators Allocate $120K to Foreclosure Prevention About Author: Kerri Panchuk Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Subscribe
Top StoriesCourt Cannot Refuse To Hear Bail Application On Merits Saying Accused Went Back On Promise To Settle : SC [Read Order] LIVELAW NEWS NETWORK3 Oct 2020 7:40 AMShare This – xThe Supreme Court has observed that a court cannot refuse to hear a bail application on merits on the ground that the accused had failed to comply with the settlement offer made earlier.Observing thus, a bench headed by Justice L Nageswara Rao set aside an order passed by the Madras High Court which dismissed a bail application on the ground that the accused had gone back on the promise…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 has observed that a court cannot refuse to hear a bail application on merits on the ground that the accused had failed to comply with the settlement offer made earlier.Observing thus, a bench headed by Justice L Nageswara Rao set aside an order passed by the Madras High Court which dismissed a bail application on the ground that the accused had gone back on the promise to settle.The case(G Selvakumar vs State of Tamil Nadu) arose out of an FIR registered over allegations of criminal breach of trust, cheating etc. The accused had sought for interim bail by stating that he will settle the disputes relating to the payment of money once he is released. Based on that, the Court granted him interim bail.Later, the accused told the court that he was facing difficulties to pay the money owing to certain domestic circumstances. The High Court did not appreciate this response of the accused.”Having taken interim bail, he should have honoured the undertaking. If he knew that he would not be in a position to make any payment, he should have prayed for grant of regular bail. After coming out on interim bail, the petitioner even without complying with the undertaking given before the Court, cannot ask for conversion of interim bail into regular bail”, the HC had observed while dismissing the bail application.Challenging this, the accused filed a Special Leave Petition in the top court.The SC observed that the HC ought to have considered the bail application on merits and should not have dismissed it on the ground that he did not fulfill his promise.”In any event, the High Court ought to have heard the bail application on merits and ought not to have dismissed the same on the ground that the petitioner has gone back of the promise made to the High Court on 18.02.2020″, the SC observed. The bench, also including Justice Ajay Rastogi, observed that it was not intending to send the matter back to the HC for fresh consideration and ordered that the accused should be released on bail, subject to the satisfaction of the trial court.Senior Advocate R Basant along with Advocates A Karthik and Sarath S Janardanan appeared for the petitioner.Click here to download the orderRead OrderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story