Delhi High Court Issues Notice In Plea Seeking Regulation Of Digital Lending Platforms

first_imgNews UpdatesDelhi High Court Issues Notice In Plea Seeking Regulation Of Digital Lending Platforms Shreya Agarwal15 Jan 2021 1:51 AMShare This – xThe Delhi High Court today issued notice in a writ petition filed seeking regulation and control of digital lending platforms. The Centre has been asked to file its reply to the petition by 19.02.2021.The petition refers to a circular dated 23.12.2020 issued by the Reserve Bank of India cautioning against unauthorized digital lending platforms and prays for regulation and control on working…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 Delhi High Court today issued notice in a writ petition filed seeking regulation and control of digital lending platforms. The Centre has been asked to file its reply to the petition by 19.02.2021.The petition refers to a circular dated 23.12.2020 issued by the Reserve Bank of India cautioning against unauthorized digital lending platforms and prays for regulation and control on working of online digital lenders working through mobile software applications and other media.Amongst other things, the petition also highlights the charging of exorbitant interest by these lenders on loans, and seeks the fixing of a maximum rate of interest chargeable by these lenders, as a solution.The setting up of a grievance redressal mechanism for borrowers in every state has also been sought for.The petitioner states in his plea that, “As of today, there are around 300 instant personal loan apps”, which “give loans ranging from Rs.1500/- to 30,000/- for about 7 to 15 days’ tenure. They deduct almost 35% to 45% of loan money as platform fees/service charges/processing fees and transfer remaining money to the borrower’s bank accounts.”RBI, in its December circular had stated that, “There have been reports about individuals/small businesses falling prey to growing number of unauthorised digital lending platforms/Mobile Apps on promises of getting loans in quick and hassle-free manner. These reports also refer to excessive rates of interest and additional hidden charges being demanded from borrowers; adoption of unacceptable and high-handed recovery methods; and misuse of agreements to access data on the mobile phones of the borrowers.””Members of public are hereby cautioned not to fall prey to such unscrupulous activities and verify the antecedents of the company/ firm offering loans online or through mobile apps.”Click Here To Download Petition[Read Petition]Next Storylast_img read more

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Lack of public toilets at retail park branded ‘a disgrace’

first_img Facebook Facebook Google+ WhatsApp Nine til Noon Show – Listen back to Monday’s Programme Previous articleCalls for more quarries in Donegal to supply local projectsNext articleOne in five Leaving Cert students appeal calculated grades News Highland Lack of public toilets at retail park branded ‘a disgrace’ Important message for people attending LUH’s INR clinic Pinterest Loganair’s new Derry – Liverpool air service takes off from CODA The lack of public toilets at one of Letterkenny’s busiest shopping areas has come back under the spotlight.There are currently no such facilities at Letterkenny Retail Park with shoppers having to ask businesses to use their private bathrooms.The issue has been raised several times over the years but so far there’s been no progress.Letterkenny Retail Park is under private ownership but the Council has committed to liaising with the owners to see if the facilities can be provided.Cathaoirleach of the Letterkenny Municipal District, Cllr Donal Coyle has branded the current situation as a disgrace:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/09/coyle10-2.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By News Highland – September 17, 2020 center_img Twitter News, Sport and Obituaries on Monday May 24th WhatsApp RELATED ARTICLESMORE FROM AUTHOR Arranmore progress and potential flagged as population grows Twitter DL Debate – 24/05/21 Pinterest AudioHomepage BannerNews Google+last_img read more

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Chainstores ill-prepared for internet revolution

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

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SOLICITOR AND PHARMACY IN LEGAL BATTLE OVER ALLEGED LEAKY ROOF

first_imgA SOLICITOR’S firm has failed in an attempt to have a legal action from its neighbour thrown out of court.Seamus Gunn, trading as McCloughan Gunn Solicitors, applied to Letterkenny Circuit Civil Court to have a legal action from Ruth’s Pharmacy struck out.Siobhan and John Logue, owners of the pharmacy on High Road, Letterkenny, have issued legal proceedings against the solicitor’s firm alleging the loss of tens of thousands of euro. They say excess water running from the legal firm’s office has caused damage to their property next door.However barrister Ciara Fitzgerald, acting for solicitor Seamus Gunn, applied to Judge Francis Comerford to have the claim for damages struck out.Ms Fitzgerald alleged, among other things, that an extension at the rear of the pharmacy which was the subject of the claim, had never been given planning permission.As such, her client had never been given the opportunity to object to the construction and therefore had never been given a chance to object to the extension.However barrister John McLaughlin, instructed by solicitor Kieran O’Gorman and acting for the Logues, said the case should only be dealt with at hearing.Mr McLaughlin said that McCloughan Gunn solicitors hadn’t produced any evidence in its legal papers to back up the allegation the extension didn’t have planning permission other than the opinion of an architect.Even if it didn’t, he argued, the Logues had a right to sue for damages caused by the alleged neglect of the buildings by Mr Gunn.Judge Comerford agreed with Mr McLaughlin.He said in order to strike out a case, and without prejudice to any future hearing, it had to be “impossible” for a plaintiff to win a legal action action.He said among the strongest rights available to a citizen is the right to access to the courts.Restricting such rights would be an abuse of the process and he could see no basis to restrict the process in this case.He refused Mr Gunn’s legal challenge and ordered the case could go ahead.He also awarded costs to the Logues but ordered there should be no enforcement on those costs until after the conclusion of these proceedings.SOLICITOR AND PHARMACY IN LEGAL BATTLE OVER ALLEGED LEAKY ROOF was last modified: May 2nd, 2015 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:McCloughan Gunn solicitorsruth’s pharmacylast_img read more

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Celebrations for Carndonagh in National Enterprise Town Awards

first_imgThere were great celebrations for the Carndonagh business community last night after their triumph in the Bank Of Ireland National Enterprise Town Awards.Carndonagh was named as the regional winner of the Connacht/Ulster award for towns with a population between 2,000-5,000.The Carndonagh Traders Association were over the moon with the award which celebrates the vision, teamwork and enterprising spirit of the Inishowen town. The Bank of Ireland National Enterprise Town Awards 2019 took place in Kilkenny, where Kilkenny was named Ireland’s most enterprising town of 2019, taking home the trophy and a cash prize of €33,000. Celebrations for Carndonagh in National Enterprise Town Awards was last modified: December 6th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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Buncrana beauty queen waltzes onto Dancing with the Stars

first_imgBuncrana nurse and model Grainne Gallanagh will be strutting her way to the dancefloor in next year’s Dancing with the Stars Ireland.The former Miss Universe Ireland winner confirmed her place on the celebrity line-up this morning, admitting that the nerves are already hitting before her big TV moment.Grainne (25) is a qualified nurse who had a whirlwind year as Miss Universe Ireland 2018. She placed in the Top 20 of the pageant final in Bangkok and became Ireland’s first model to walk in Miami Swim Week 2019. She may have the catwalk moves, but Grainne admits that she has zero dance moves!Grainne Gallanagh – Dancing with the Stars Ireland 2020“Unfortunately I do not have any experience or any natural talents,” Grainne said.The women’s health advocate is very excited for her new challenge as she plans to juggle her work and rehearsals.“You have to make time for the things that you are passionate about,” she told RTE host James Patrice, before showing off her signature move – the Dad Dance. Dancing with the Stars rehearsals kicked off in Dublin this week as the contestants get ready to hit the dancefloor in January. Other stars confirmed so far include Glenda Gilson, Lottie Ryan, Mary Kennedy, Sinead O’Carroll and Ryan Andrews.  Buncrana beauty queen waltzes onto Dancing with the Stars was last modified: December 5th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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Tanner Roark nestles into crucial role in Athletics’ rotation

first_imgKANSAS CITY — Tanner Roark makes his fifth start as an Oakland Athletic on Wednesday. The right-hander has expressed that he feels at ease in Oakland, invigorated by the light-heartedness this clubhouse brings on a day-to-day basis. He’s nestled into his rotational role seamlessly, trimming down that 4.24 ERA with the Cincinnati Reds to a more sightly 3.95.“He’s been around for a while, so we kind of knew what to expect when he got here, and he’s been that if not better,” Melvin said. “He …last_img

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Knapke wins Real Yield Sweepstakes

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Bill Knapke of Fort Recovery will receive 200 acres worth of Liberty herbicide and LibertyLink soybean seed as the December winner of the Real Yield Sweepstakes, sponsored by Bayer.Growers who enter the Real Yield Sweepstakes win free seed and Liberty herbicide and local FFA foundations earn donations from every grower entry. Knapke entered the Real Yield Sweepstakes after attending a field day in Northeast Ohio. He is the sixth soybean winner for 2016.“It’s time to switch things up,” Knapke said. “Roundup has not been doing the job we expected it to, so we’re going to spray Liberty this year to achieve higher soybean yields.”In all, 12 growers were named Real Yield winners during 2016. The prize package includes:material to treat 200 acres with Liberty herbicide, the working solution for weed control and real yields, andAny brand of soybean seed with the LibertyLink trait to plant 200 acres.One grand prize winner will receive 500 acres of LibertyLink system. Bayer will announce the grand prize winner in San Antonio, Texas at the 2017 Commodity Classic.Additionally, $50,000 in prize money will be divided among the 10 state FFA organizations with the most grower submissions. Bayer equips each participating FFA with material to promote grower submissions. Every sweepstakes entry gains a point for the respective state FFA. The state with the most points will win the largest donation and will also be announced during Commodity Classic.last_img read more

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