Genius names Pietroforte as new M&A director

first_imgPietroforte will join Genius from merchant bank The Raine Group, where he worked on a number of major transactions including the sale of Major League Soccer team DC United. Genius names Pietroforte as new M&A director 30th March 2021 | By Robert Fletcher AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports data and technology provider Genius Sports Group has appointed Rob Pietroforte as its new director of mergers and acquisitions. Tags: Genius Sports Group Rob Pietroforte “Rob’s impressive M&A experience across sports, betting and media makes him a fantastic fit and I’m looking forward to working with him to acquire and integrate innovative companies that can help accelerate this pivotal time in Genius’ growth.” Upon transaction closing, Genius is expected to have approximately $150m of unrestricted cash to support expansion both in the US and around the world. People moves Email Address Prior to his time with Raine, Pietroforte worked in the Sports and Entertainment Group at JPMorgan Chase, where he helped negotiate major sponsorship deals with Madison Square Garden, the US Open and iHeartMedia. Subscribe to the iGaming newsletter “As the platform layer that powers the real money gaming ecosystem, there is a ton of opportunity ahead of us and I’m excited to get started.” Topics: People People moves M&A In his new role, Pietroforte will oversee all M&A activity at Genius as part of its ongoing listing on the New York Stock Exchange (NYSE). “I’ve long admired what the team at Genius have built over the last 20 years and believe they’re at the forefront of the convergence of media and sports betting,” Pietroforte said. Genius chief executive Mark Locke added: “We have a fantastic track record of over more than a decade of acquiring businesses with huge potential that have both complemented and expanded the global Genius offering.last_img read more

Mkombozi Commercial Bank Plc (MKCB.tz) 2017 Abridged Report

first_imgMkombozi Commercial Bank Plc (MKCB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2017 abridged results.For more information about Mkombozi Commercial Bank Plc (MKCB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Mkombozi Commercial Bank Plc (MKCB.tz) company page on AfricanFinancials.Document: Mkombozi Commercial Bank Plc (MKCB.tz)  2017 abridged results.Company ProfileMkombozi Commercial Bank Plc (MKCB) is a commercial bank serving and supporting emerging businesses in Tanzania. The financial institution targets small and medium-sized entrepreneurs, SACCOS and social enterprises such as schools, universities and public enterprises. MKCB started as an initiative of the Tanzania Episcopal Conference in 2009 to address the need to provide financial solutions to start-up businesses aswell as institutional investors and government entities. MKCB has 6 branches in the major towns and cities of Tanzania and plans to extend its footprint to increase accessibility and financial inclusion in areas which cannot be handled by mobile banking. Mkombozi Commercial Bank Plc is listed on the Dar es Salaam Stock Exchangelast_img read more

Forges Tardieu Limited (FORT.mu) Q12018 Interim Report

first_imgForges Tardieu Limited (FORT.mu) listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2018 interim results for the first quarter.For more information about Forges Tardieu Limited (FORT.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Forges Tardieu Limited (FORT.mu) company page on AfricanFinancials.Document: Forges Tardieu Limited (FORT.mu)  2018 interim results for the first quarter.Company ProfileForges Tardieu Limited deals in the promotion and realisation of engineering projects in a number of industries, including sugar and related by-products, power generation, petroleum storage and distribution, design, fabrication, erection and commissioning of petroleum tanks, amongst the company’s activities. Forges Tardieu Limited also engages in projects which can range from consultancy assignments to supply, fabrication and erection of whole industrial plants. The company has established its activities in the neighbouring Indian Ocean Islands of Reunion, Madagascar, as well as countries on the African continent such as Burundi, Cameroon, Ivory Coast, Kenya, Malawi, Mozambique, Senegal, Tanzania, Zambia and more recently Philippines in South-East Asia. Forges Tardieu Limited is listed on the Stock Exchange of Mauritius.last_img read more

Sevu Reece pass sums up all that is great about the Crusaders right now

first_imgFriday Apr 12, 2019 Sevu Reece pass sums up all that is great about the Crusaders right now Reigning Super Rugby champions the Crusaders ran out comfortable 43-17 winners against the Highlanders on Friday and maintained their lead at the top of the table.ADVERTISEMENTDespite the scores being close at half time, Scott Robertson’s team upped the tempo after the break and ran away with the game.The Crusaders scored some great tries in the process but one try, in particular, showed why they are as dominant as they are currently, and that was Mitchell Drumond’s finish that was made to look so simple.Have a look at the try here:Sevu Reece, who was superb all game, showed quick thinking and great pace to make the break from the ruck, but it was his perfectly weighted offload to Drummond that was spectacular. The scrum-half was not even in shot when the winger played the pass, as it initially looked like it was going to noone.This try required communication and teamwork, and epitomises what a well-oiled machine the Crusaders are. There may be flashier players and teams, but this was ruthlessly efficient and expertly executed and something that very few teams could replicate.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Great Tries Related Articles 26 WEEKS AGO Incredible athleticism for sensational try… 26 WEEKS AGO ARCHIVE: Suntory score amazing try to upset… 26 WEEKS AGO WATCH: All 12 tries from EPIC Bristol-Clermont… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Ford supports the Globe’s first tour in 400 years

first_img This summer the Globe Theatre embarked on what it describes as “its first tour in 400 years” with a production of ‘Romeo and Juliet’, assisted by motor company Ford.The company’s loan of two Ford Transit vans, a Transit minibus and a Ford Fiesta has helped the troupe of actors and crew of Romeo and Juliet transport themselves and the production set to a picturesque collection of castles, parks and gardens across Britain. The tour started from the Globe in June and ends with a performance at Lord’s Cricket Ground, on 2 September.The Globe’s relationship with Ford began before the Globe Theatre opened, with a gift which enabled the building of the theatre’s impressive Bankside Gates. Since then, Ford has sponsored individual theatre productions, including The Merchant of Venice (1998), The Comedy of Errors (1999) and The Tempest (2000).From 2001 until last year, the company supported Globe Education’s summer programme of curriculum-based and continuing education activities.  44 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Ford supports the Globe’s first tour in 400 years Advertisement  43 total views,  3 views today Howard Lake | 20 August 2007 | News 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: corporatelast_img read more

Value of charitable trusts falls 10 percent due to recession

first_img Tagged with: Funding recession Research / statistics Grant-making by trusts is a hidden “time bomb”New analysis of the impact of the recession on charity fundraising shows 41 percent of the top 300 charitable trusts saw a fall in the value of their grant-making in 2008 and, overall, their net asset value fell by 10 percent. This is likely to have a negative effect on grant-making this year.Professor Cathy Pharoah, Co-Director of the ESRC Centre for Charitable Giving and Philanthropy at Cass Business School, London, analysed the annual financial data of the UK’s largest fundraising charities, the major charitable trust donors and major corporate donors who support them, for Charity Market Monitor 2009. This report shows that a significant reduction in donations underlies ‘surface’ figures which might indicate growth in fundraising income. Advertisement Howard Lake | 5 August 2009 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2  80 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2center_img 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. Value of charitable trusts falls 10 percent due to recession Her results indicate grant-making by the major charitable trusts has been maintained as a result of gifts and endowments received over the last decade, but this is a hidden ‘time bomb’. A new wave of wealthy donors who have recently been giving to charitable trusts through major ‘one-off’ capital gifts and endowments out of wealth acquired during the 1980s and 1990s may not be sustained in post-recession years. Some of the new giving will help to sustain grant-making for the foreseeable future, however, this does not reflect trust finances across the board, where the effects of the recession are more apparent.Professor Pharoah comments: “Such falls reflect declines in the real value of the net assets and investments amongst the top 300 trusts; this is clear evidence of the toll the recession is taking.”Other findings include:· A general reduction in donations underlies the small growth in fundraising income to the largest 300 fundraising charities, reflecting the deepening recession. Underlying this low growth rate of 0.9%, almost two-fifths (37%) experienced a reduction in fundraising income from the previous year. A small number of the largest charities continue in a dominant position – the fundraising income of the top ten grew by 2.3% compared with the average 0.9% for the largest 300 as a whole, and accounted for well over one-quarter of top-300 income.· Corporate giving was up in 2007 -2008 achieving a small increase of £258 million in combined cash and in-kind giving.· Grant-making trusts and foundations showed almost no increase in their aggregate investment income.Despite this, Professor Cathy Pharoah, says: “Charities are in a good position to establish priorities in beneficiaries’ needs, and to communicate these to individual and major donors so that they continue to regard their charitable gifts as an important investment in society at a time of need. There is plenty of evidence that approaching donors in the right way during the recession can certainly boost giving.” – ENDS –For further information please contact Nicole Haroutunian: [email protected]; 0207 040 5210Notes to editorsMethodology of the reportThe data in Charity Market Monitor 2009 aims for consistency in the year of reporting, but in practice charities’ and companies’ annual accounts are published at different times of the year. This means that the data which is reported may be drawn from the 2007 and 2008 calendar years, the 2007/08 accounting year, or the most recent accounts available at the time of publication.About Charity Market Monitor 2009Charity Market Monitor 2009 is a collaboration between academics at Cass’s ESRC Research Centre for Charitable Giving and Philanthropy and CaritasData. Through analysis of the finances of the UK’s major fundraising charities and causes (provided by CaritasData), CMM provides up-to-date annual perspectives on the funds they raise. CMM gives the most comprehensive overview of fundraisers, grant-makers, public funding and corporate donors respectively.Professor Cathy Pharaoh, author of CMM, worked in the charity sector for several years before becoming Co-Director of the ESRC Research Centre for Charitable Giving and Philanthropy at Cass.About the ESRC Centre for Charitable Giving and Philanthropy at Cass Business SchoolThe ESRC Research Centre for Charitable Giving and Philanthropy at Cass provides crucial evidence which charities can use to develop giving in the UK, and which the Government can also use to ensure their policies are most effective in helping charities give all that they can to society. The Centre is funded by the Office of the Third Sector in the Cabinet Office, the Economic and Social Research Council, the Scottish Government and the Carnegie UK Trust. Together they provide a total of £2.2million over 5 years.About Cass Business SchoolCass Business School, City University, London, delivers innovative, relevant and forward-looking education, training, consultancy and research. Located in the heart of one of the world’s leading financial centres, Cass is the business school for the City of London.Our MBA, specialist Masters and undergraduate degrees have a global reputation for excellence, and the School supports nearly 100 PhD students. Cass offers the widest portfolio of specialist Masters programmes in Europe and our Executive MBA is ranked 13th in the world and 2nd in the UK by the Financial Times.Cass has the largest faculties of Finance and Actuarial Science and Insurance in Europe. It is ranked in the top 10 UK business schools for business, management and finance research and 90% of the research output is internationally significant.Cass is a place where students, academics, industry experts, business leaders and policy makers can enrich each other’s thinking. For further information visit: www.cass.city.ac.uklast_img read more

‘Liberal’ — to a point

first_imgThe so-called liberal media in the U.S. — most notably the New York Times, the Washington Post and some television news sources — profess independence. But they dare not offend their ruling-class owners on key international issues. Take, for example, the “reporting” we are handed each day on three important oil-producing countries: Venezuela, Iran and Saudi Arabia.How often are we told that the Venezuelan opposition (which is now in disarray) arose out of a lack of “democracy” and “fraudulent” elections in that country? These phrases are repeated again and again, not just by the openly right-wing media here, but by those claiming objectivity.They fail to mention the literally dozens of elections that have taken place in Venezuela since the movement led by Hugo Chávez took power in 1998 — through an election. Nor do they seem to remember that the right wing of the Venezuelan military kidnapped Chávez in 2002, but he was rescued by a mass mobilization of the Venezuelan people. The U.S. government a month ago, with the help of the corporate media, was hoping to instigate the military against President Nicolás Maduro, but this time it didn’t happen.How often are we told that the Iranian people are ruled over by a dictatorial theocracy? The imperialist media make no mention of the horrors carried out by their predecessor, the bloody Shah, who was installed by a CIA coup in 1953. A creature of the U.S. oil companies, he was overthrown in a popular revolution in 1979. That revolution led to the current government.Venezuela and Iran are now considered “enemies” of the U.S.But not Saudi Arabia. Right now, the U.S. military is providing logistical and material support for Saudi Arabia’s genocidal bombing of Yemen, a small country facing famine and genocide at the hands of this bloody Saudi/U.S. war.Even when reporting on this ghastly situation, do the liberal media here remind their audience that Saudi Arabia is politically a total dictatorship of the Saud royal family? That 700 princes control the whole economy and politics of the state? That there are no elections in Saudi Arabia? And that these theocratic princes have a great relationship with the government of the United States?Take a look at the Wikipedia entry on Saudi Arabia and scan down to a  discussion of the royal family. There is a photograph taken in 1985. Click on it and you’ll see a lovely picture of Ronald Reagan and Donald Trump looking on as Ivana Trump shakes hands with King Fahd at the White House. Ivana has been replaced, but the reactionary international policies dictated by U.S. big business remain.Why don’t the Times, the Post, NPR and others mention that?FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

AI Foundry Names New VP of Customer Success

Data Provider Black Knight to Acquire Top of Mind 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] February 15, 2019 1,332 Views in Featured, Headlines Share Save The Best Markets For Residential Property Investors 2 days ago Home / Featured / AI Foundry Names New VP of Customer Success Demand Propels Home Prices Upward 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago AI Foundry Jeff Waldman mortgage solutions Steve Butler 2019-02-15 Donna Joseph Tagged with: AI Foundry Jeff Waldman mortgage solutions Steve Butler AI Foundry Names New VP of Customer Success Previous: FirstClose Announces Integration with Ellie Mae’s Encompass Next: Potestivo Selected for Prestigious Award AI Foundry, a Massachusetts-based provider of advanced artificial intelligence (AI) solutions that streamline and improve business processes announced the appointment of Jeff Waldman as VP of customer success.In this role, Waldman is responsible for creating and executing customer success programs for SaaS and on-premise solutions, driving positive customer outcomes, and creating a company-wide culture of customer success. Previously, Waldman served as Senior Director, professional services and customer success for mobile cloud services at Nuance Communications. In this role, he had worldwide responsibility for professional services for the company’s cloud-based Connected software-as-a-service platform, supporting customers that included the largest companies in the automotive, consumer electronics, mobile, and television industries.Prior to joining Nuance, Waldman served as VP of global professional services and operations at Carrier IQ, where he held P&L responsibility for worldwide pre-sales and post-sales consulting, customer support, hosting operations, internal IT, training, and services. He has also held senior positions in professional services at Siebel/Oracle and edocs. Waldman holds an MBA from Babson College and a BS in Information Systems from Syracuse University.“Jeff Waldman has a strong track record of developing customer success programs, and he will play a key role at AI Foundry moving forward,” said Steve Butler, Founder and General Manager at AI Foundry. “We are highly focused on our customers, and Jeff will lead important customer programs such as on-boarding, product and service delivery, support, adoption, advocacy, and retention.”AI Foundry develops AI and machine learning solutions to help banks and non-bank lenders to accelerate the mortgage origination process and further drive digital transformation in the mortgage industry. The company’s AI-driven automation capabilities significantly reduce labor-intensive processes associated with mortgage origination and allow lenders to automate and streamline parallel business processes. Demand Propels Home Prices Upward 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Donna Joseph  Print This Post read more

Black Monday: COVID-19’s Economic Strike

first_img 2020-03-09 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago March 9, 2020 1,826 Views in Daily Dose, Featured, Investment, News Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Previous: CFPB Proposes Whistleblower Award Program Next: High-End Renters Are Changing the Market Black Monday: COVID-19’s Economic Strike Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn Home / Daily Dose / Black Monday: COVID-19’s Economic Strike  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Stocks fell significantly on Monday, earning it the name “Black Monday” as the Dow plunged 1,800 points and the S&P decline by 7%, spurred by the spread of coronavirus as well as Saudia Arabia launching an oil price war with Russia.The oil war was dwarfed by the coronavirus (COVID-19), as stocks fall and the Federal Reserve cuts rates a week prior.”This will be remembered as Black Monday,” said analyst Neil Wilson at trading site Markets.com on Yahoo News.Housing is likely to be impacted as well, as supply chains are interrupted by economic volatility, but the impact on housing may not all be negative.Motley Fool notes that China, the epicenter of the outbreak and a major foreign housing investor, is likely to invest more in U.S. housing as the outbreak continues, signalling a boost for U.S. housing. China’s foreign investment in American real estate saw a decline, which many economists attribute to the lower inventory in the U.S., the U.S.-China trade war, and the strengthening dollar, but in the past month, Roofstock has seen a 450% increase in traffic from Asian countries.According to Eddie Shapiro, founder, President, and CEO, Nest Seeker International, one thing that the coronavirus could lead to is more investment from Chinese buyers in the American real estate market. Shapiro said Chinese investors have a lot of relationships within communities that draw investments near various “Chinatowns” in core cities.“There is a bit of a herd mentality that is mostly based on referrals and confidence within the community, so you have concentrations in New York, Los Angeles, and San Francisco, but also markets like Vancouver, British Columbia,” he said.The possible growth of Chinese investors into a housing market that is already starving for inventory may not all be ideal. The National Association of Realtors recently reported that total housing inventory, while up 2.2% in January 2020 from December 2019 to 1.42 million units, is the lowest inventory level recorded since 1999.Investors can take advantage of lowered interest rates, but only time will tell how the coronavirus will impact the real estate market. According to Motley Fool, there is no doubt the coronavirus will impact the American economy and real estate market in some form, but no one truly knows to what extent.“Many real estate markets in the United States have rebounded and recovered from the 2008 recession, but there is a large chance that the continued spread of the coronavirus could be the tipping point, putting the U.S. economy into a full-blown recession,” Motley Fool adds.On ABC News, Department of Housing and Urban Development Secretary and White House coronavirus-task-force member Dr. Ben Carson urged people to remain calm, but be smart.“It’s very important for people to remember that this virus is like other viruses. It should be treated the same way,” Carson told ABC News. “We have flu seasons that come up frequently, and there are certain precautions you take during that time.”For now, the market will remain relatively unchanged, but mortgage rates have still been impacted. A report by Markets Insider revealed the growing virus has caused mortgage rates to continue their downward slide. The report found the average rate for a 30-year fixed-rate mortgage hit 3.34% on Monday.Trade groups are responding by canceling events, on Friday, Five Star Global, the parent company of the Five Star Institute and the Alliance of Merger & Acquisition Advisors, announced the cancellation of its Spring conference schedule, including the Single-Family Rental Summit, the Government Forum, and the National Mortgage Servicing Association Spring meeting. Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Supreme Court Deprecates Practice Of Pronouncing Final Orders Without Reasoned Judgments

first_imgTop StoriesSupreme Court Deprecates Practice Of Pronouncing Final Orders Without Reasoned Judgments LIVELAW NEWS NETWORK19 Dec 2020 4:19 AMShare This – xThe Supreme Court has again deprecated the practice of pronouncing the final orders without reasoned judgments.If a judgment cannot be delivered on the same date or immediately thereafter, logically the judgment ought to have been at least reserved to facilitate the Judge to pen down the order, the bench headed by Justice Sanjay Kishan Kaul said while setting aside an unreasoned order passed…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 again deprecated the practice of pronouncing the final orders without reasoned judgments.If a judgment cannot be delivered on the same date or immediately thereafter, logically the judgment ought to have been at least reserved to facilitate the Judge to pen down the order, the bench headed by Justice Sanjay Kishan Kaul said while setting aside an unreasoned order passed by Delhi High Court.In this case, the appellants had submitted before the Apex Court that the High Court judge only dictated the operative part and the reasoned judgment was not available even after 9 months. The court, therefore called for a report from the high court. In the report, the delay was attributed to some personal difficulty of the Judge for some period of time. We appreciate that the learned Judge may have delivered a number of judgments and dealt with many cases and in the interregnum period may have even faced some personal difficulty as set out in the report but that does not take away from the fact that the process which was required to be followed as set out in the judicial pronouncements has not been followed in the present case, the bench also comprising Justices Dinesh Maheshwari and Hrishikesh Roy said.Referring to a recent order in Balaji Baliram Mupade vs. State of Maharashra, the bench observed: We had emphasized that judicial discipline requires promptness in delivery of judgments, an aspect repeatedly emphasized by this Court when this problem gets compounded where the result may be known but not the reasons depriving the aggrieved party of opportunity to seek further judicial redressal. We have also referred to the Constitution Bench judgment of this Court delivered as far back as in 1983 in State of Punjab & Ors. vs. Jagdev singh Talwandi (1984) 1 SCC 596, which drew the attention of the High Court to serious difficulties caused on account of practice which was being 3 increasingly adopted by several High Courts of pronouncing the final orders without reasoned judgments. We have also referred to the subsequent judgments even delivered by this Court in our aforesaid judgment but there is no purpose in repeating the sameThe court observed that the result of not following the process is that the appellant being the aggrieved party, is unable to avail of the legal remedy. Therefore, the court set aside the impugned order and remitted the matter back for reconsideration of the High Court on merits.CASE: ORIENTAL INSURANCE CO. LTD. vs. ZAIXHU XIE [SLP(C) Diary No(s). 21991/2020]CORAM: Justices Sanjay Kishan Kaul, Dinesh Maheshwari and Hrishikesh RoyClick here to Read/Download OrderRead OrderNext Storylast_img read more