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Apple World Today > iPhone > LG may quit making LCD displays for the iPhone
iPhoneRumors
LG may quit making LCD displays for the iPhone
iPhoneRumorsDennis SellersJanuary 20, 2021
posted on Jan. 20, 2021 at 7:23 am January 20, 2021
LG Electronics may exit the smartphone business after losing about 5 trillion won ($4.5 billion) over the past five years, according to The Korea Herald. What's more, At the same time, LG is reportedly ending its production of LCD displays for the iPhone, according to The Elec.
"Since the competition in the global market for mobile devices is getting fiercer, it is about time for LG to make a cold judgment and the best choice," an LG official explained. "The company is considering all possible measures, including sale, withdrawal and downsizing of the smartphone business."
As for the iPhone, LG Display stopped iPhone LCD production at its AP3 line at Gumi in the third quarter of 2020. The line also stopped making panels for other phones as well in the fourth quarter.
The Elec says that, for LG Display, the LCD line for iPhones has been low in profitability. Apple also used organic light emitting diode (OLED) panels instead for its iPhone 12 series.
Apple App Store sees $72.3 billion in consumer spending in 2020
How to use Message effects in macOS Big Sur
iPhoneNews
Youtubers Life 2 brings mobile version to iOS, Android


When it comes to immigration and crime, the current political zeitgeist and public sentiment suggest immigrants are far more likely to engage in illegal acts than those who are American born. But is this narrative based in fact or is it merely fiction? Join the ChangeMakers and Professor Charis Kubrin as she reveals her compelling research, along with the latest data, regarding our newest neighbors from around the globe.


A Democratic campaign committee has launched an investigation into the charges.
WASHINGTON ― Democratic consultant Jim Walsh resigned from both of his digital strategy firms on Tuesday, facing allegations of sexual misconduct.
Walsh was the co-founder of the two firms, DSPolitical and Rising Tide Interactive.
HuffPost spoke with a woman who said Walsh sexually assaulted her over a decade ago, when she was 21 years old and was looking for advice about how to get into politics. She is involved in politics in Washington state, so she brought her concerns to the Democratic Legislative Campaign Committee, the national organization that the party works with.
This woman said she spoke with the DLCC on Friday, and the official there expressed concern over the allegations and said they would be investigated.
Mara Sloan, the communications director of the DLCC, confirmed that the group had received a complaint against Walsh, and that their legal team had launched an investigation.
The woman also said she recently told her colleagues about her experience with Walsh, and explained that she did not want the party working with his firm. One of her co-workers confirmed that she heard from the woman about a week ago on this topic.
The woman said she first brought her story to her supervisors about a year ago, when they were looking for a digital firm to work with. She wanted to make sure that they did not choose DSPolitical, so she told them what had happened with Walsh.
More recently, she told the DLCC what happened because the organization was going to be hosting an event that she would be involved with, and she wanted to ensure that Walsh would not be participating.
Walsh's biography and information was quickly taken off the websites of both of his firms.
This evening, the HuffPost published an article detailing the exceptionally alarming allegations against our former business partner, Jim Walsh. We are deeply saddened and distressed by the accusations both as individuals and as progressive firms who live our values.
The foundation of our firms is the desire to move the progressive movement forward and help elect individuals who share those values. We will continue to prioritize inclusion, respect, safety and dignity within our own companies and with our industry.
There is no place in our movement – or in our firm – for the kind [of] behavior alleged in the article. This article, and work like it, helps shine a light on unacceptable sexual behavior in many industries, including ours.
We will continue to work tirelessly to advance the progressive causes in this country and in our own backyard.
Walsh did not return a request for additional comment.


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Australian Alliance to End Homelessness
Dear Prime Minister,
We write to you regarding the urgent situation concerning homeless people sleeping rough and COVID-19. Australia has led the world in its crisis response to the COVID-19 pandemic.
This included an extraordinary achievement in temporarily sheltering an estimated more than 7,000 homeless people who were either sleeping rough or at risk of sleeping rough in the first eight weeks of the pandemic alone.
This makes up a significant proportion of the total number of homeless people currently sleeping rough in Australia which, according to the last census, was approximately 8,200 people.
This phenomenal effort represents one of the most significant homelessness responses Australia has ever seen, but it is only a first step. While temporarily sheltering people sleeping rough has been an important pandemic 'crisis response', it will not be an effective 'recovery response'.
An effective recovery response needs to take into account that if we want people to follow public health directives relating to social distancing, personal hygiene and staying home if unwell, then we must recognise that none of this can be achieved without a home.
Tipping people back onto the streets simply cannot be an option. Without urgent action, it will be the only option for too many people.
We call on your government to lead the development of a COVID-19 National Response Plan for Homeless People Sleeping Rough, which must include investments to:
Maintain current crisis responses for people sleeping rough for as long as is necessary
Rapidly house and support people who have been temporarily sheltered – including through the use of medium-term private rental subsidies
Support community efforts to better meet, track and help prevent future rough sleeping homelessness through improved coordination of housing and support services
Build more social housing in Australia and provide the needed supports, including dedicated supportive housing initiatives
Ensure income support payments are adequate.
Click to continue reading and the full list of signatories.
For more information on the Alliance click here.

redpajama_set_name: RedPajamaCommonCrawl


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Tagged: sega
Total War: ROME II – Awsome gameplay Vid
By Figment, April 25, 2013 0 Announcement, News
When I heard about Rome 2 I kept flipping between being skeptical and being excited… I really would be more excited for a Medieval 2 but after seeing Rome 2… Let's just put it this way, while I LOATH the… Read More »
New Sonic Title Set for 2013
By The Arab Gamer, November 12, 2012 0 Leak, News
Sega Europe have let slip in that a new Sonic game is in the works and will be due out in 2013. The interview came from Toys 'n' Playthings who asked Sissel Henno, Sega Euro head of brand licensing, about… Read More »
Wii U gets Bayonetta 2!?
By BrokenMirrors, September 16, 2012 0 Announcement, News
After a long wait for a new Bayonetta game Platinum Games announced that the sequel shall be a Wii U exclusive ( published by both Nintendo & Sega.) is there any explanation to all of this? what's the reason behind the sudden change?… Read More »
Shenmue Sleeping Dogs, a game set to release never
I was on Destructoid, when I came across this heartbreaking video. Since the day I got the game on it's release, I have always noticed similar elements between Sleeping Dogs and Shenmue. They were like distant relatives. One was always… Read More »
SEGA Trolls Fans with SA3 Rumours *UPDATE*
By The Arab Gamer, August 5, 2012 3 Announcement, derp
Oh, HAHAHAHAHAHA. SEGA, I love you. I mean what better way to treat the Sonic fan base then to take a rumor and turn it into marketing internet gold. Okay *serious face* we all know that they have at least recognized these… Read More »
Sonic Adventure 3 Still a Possibility
By The Arab Gamer, July 15, 2012 6 News
Well, I guess its Sonic Adventure madess at this years Sonic Boom event. YouTube user joshua593210 (the same fellow who uploaded the SA 2 HD announcement footage) mentioned that there was QA session with the developers. A lot of the… Read More »
Total War: Rome II announced and set for 2013 release
By DooM, July 15, 2012 0 Announcement
When I heard that SEGA would be terminating some of their series I immediately started worrying about the Total War series, though not everyone cared… and when I had heard that they would be keeping the total war series I was relieved. Why? Because… Read More »
[PSO2] Phantasy Star Online 2 First Impressions with GameOverviews
By DoCWaSaBe, July 14, 2012 0 Commentary, Videos
PSO2 is one of those games with a legion of followings from all around the world. Not only that, the followers were so devoted to the series that the original Dreamcast PSO still has live servers! Bob and The Arab… Read More »
Phantasy Star Online 2 Gets English Release Date With A Trailer
By The Arab Gamer, July 10, 2012 0 Announcement, News
Phantasy Star Online 2's English version (cause that's what we call it here) finally gets a release date which is set for Q1 2013. Many fans of the series where jealous and worried when SEGA announced that only the Japanese version will… Read More »
Jet Set Radio fans show off their graffiti in HD re-release
By The Arab Gamer, May 13, 2012 2 News
JET SET RADIIIOOOOO!!! SEGA has released a trailer showing the winners that participated in the recent Jet Radio graffiti contest. The winners would have their own graffiti be used and displayed in the upcoming XBLA/PSN HD re-release. Judging from the fabulous "dream on"… Read More »


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Q: How to correctly validate number ranges in HTML Input? (Angular 2) In my Angular 2 application I have a component with a input field which is supposed to accept a range of numbers.
More specifically, 2 cases:

*

*range 0[0]-23 (hours)

*range O[0]-59 (minutes)

I am using
<form>
    <input type="text" pattern="[0-9]"> <!-- 0-9 -->
    <input type="text" pattern="\d|1\d|2[0-3]"> <!--  0-23 -->
    <input type="text" pattern="\d\d"> <!--  [0-99] -->
</form>

The issue is that I can basically input anything (as if validation was ignored), including text.
I don't think it's an issue related to Angular 2 since standard validation works, e.g.
 <input type="number">

allows to input only numbers (but any number which is not what I want)
I also tried with min=0 and max=23 (or 59) attributes with type number but that doesn't work either.

A: <form>
    <input type="number" min="0" max="9"> <!-- 0-9 -->
    <input type="number" min="0" max="23"> <!--  0-23 -->
    <input type="number" min="0" max="99"> <!--  [0-99] -->
</form>

A: For future reference,
I solved by using Angular 2's FormBuilder as in:
ts
   ...

   constructor(...
               private formBuilder: FormBuilder);

   timeForm: ControlGroup;

    ngOnInit(){
        let regexPatterns = {
           // this can be improved
           hours: "[0-2]?[0-9]?",
           minutes: "[0-5]?[0-9]?"
        };

        this.timeForm = this.formBuilder.group({
           hour: ['', Validators.pattern(regexPatterns.hours)],
           minute: ['', Validators.pattern(regexPatterns.minutes)]
       });

html
       <form [ngFormModel]="timeForm">
            <!-- additional validation (HTML 5) for 'required' -->
            <input type="text" required ngControl="hour">
            <input type="text" required ngControl="minute">
       </form>

redpajama_set_name: RedPajamaStackExchange


text:
package org.flowable.common.engine.impl.db;

import org.apache.ibatis.type.TypeAliasRegistry;

/**
 * This class configures typeAliases in {@link TypeAliasRegistry}
 *
 * @author martin.grofcik
 */
public interface MybatisTypeAliasConfigurator {

    void configure(TypeAliasRegistry typeAliasRegistry);
}

redpajama_set_name: RedPajamaGithub


text:
Holiday travelers have Bay Area airports slightly busier than usual, still below pre-pandemic levels
By Rob Roth
KTVU FOX 2
Labor Day Weekend travel has Bay Area airports slightly busier than usual
120,000 passengers are expected through San Francisco International Airport over the Labor Day weekend. That's about three times the number of passengers as last year, but still about half of what it was before COVID-19.
SAN FRANCISCO INTERNATIONAL AIRPORT - At San Francisco International Airport Friday, there wasn't exactly a stampede of passengers coming or going, but SFO says it is busier than a typical weekend.
One passenger was part of a group headed to a birthday party in Southern California.
That party is among the 120,000 passengers for as expecting here over Labor Day weekend.
That's about three times the number of passengers last year, but still about half of what it was pre-COVID-19.
Oakland and Minetta San Jose airports report similar numbers.
But COVID-19 is still top of mind.
"It's concerning. We have to be safe and vigilant. Not let your guard down and still live our lives," said passenger Sarah Rogan.
With wildfires at Lake Tahoe, flooding on the east coast, and the Delta variant everywhere, the decision to take a holiday getaway perhaps took on more soul searching than usual.
"I'm very concerned and will quarantine when we get home for a while," said Diane Ward who was flying to Minneapolis.
The Centers For Disease Control and Prevention is asking people who are unvaccinated for COVID-19 not to travel during the holiday. It also said the fully vaccinated can travel but advised taking precautions such as wearing a mask.
UC San Francisco infectious disease specialist Dr. Peter Chin-Hong said he's almost certain what to expect with COVID-19 cases days from now, after everyone returns from their travels.
"The question is not whether or not we will see a bump. The question is by how much. And how much depends upon each of our own behaviors," he said.


Many thanks to Ken and Rebecca Moyer for all you have done for the Oak Lodge Renovation and for the myriad of other ways you have cared for Menno Haven over the years - bringing kids to camp, being a board member, and volunteering for other projects.
Ken and Rebecca were here, along with a group of people from their church: First Mennonite Church of Champaign-Urbana, to jump start the Oak Lodge Renovation process. This group took out EVERYTHING from the old bunk rooms and started doing demolition. When they were done, all that was left was cement or cedar walls, the water heater, the pressure tank and the little wall in the center of the empty room with the electrical panel so the hotel rooms could still be used. The change was impressive!!
Ken and Rebecca came back for a week in October and brought Rick Wojnar who works with Ken in his business, Ken Moyer Carpentry. They poured cement and framed walls as well as a variety of other tasks. Rebecca worked in the office which was also a wonderful gift. Ken and Rick returned in November for a couple days to put up sound board. In January Ken and Rebecca came again one more time for Ken to work on trim and Rebecca to help in the office.


When people first began to hear talks about a smaller version of Apple's famous IPad, many had trouble understanding the logic behind it. What could a smaller tablet possibly offer that the current generation did not already? Is Apple just being greedy and looking for any way to increase its already absurdly huge profits? The answer to the first question might surprise you. The answer to the second is, unfortunately, yes.
Firstly, let me tell you why this is much greater device than you probably think it is. Take away the retina display and A6 processor of the iPad, shrink it by about a fifth and you essentially have the IPad mini. And this is a good thing. For many people, a 7-inch tablet is the perfect combination of a portable and satisfying experience (it is a huge tablet market across the world). Sure, video content will be comparatively less fun to watch on, but applications like iBooks, Safari and Temple Run still provide the same enjoyment despite the screen reduction. If you think the iPad is already a small enough device, try around its miniature counterpart and you may change your mind.
The key selling point here is that its price is cheap in comparison to other apple devices. Comparing the 16GB-sized versions, the mini sells at $329 in comparison to the iPad at $499. Being $170 cheaper, it's a very tempting offer to any apple consumer who has not jumped on the tablet boat. A different way of looking at this is the consumer new to the market, who will be willing to pay that difference in a "might as well" attitude. With the current iPad considered by many to be the best tablet out there right now, Apple is winning either way.
At the end of the day, does it all really matter? Most consumers are not too concerned with technical specifics and when buying these types of devices, it will simply come down to how you feel about it, and that will vary for everyone. This is something Apple knows. In a similar way to the nano, touch and shuffle, both iPads will simply attract to different types of consumers.
What is, on the other hand, of more interest to us as consumers, is how it reveals Apple's monopolistic ambition to destroy competitor's market share. You've probably heard of the infamous Apple vs. Samsung lawsuit (going the former's way); many more are currently ongoing and, in essence, they are ruining innovation in this industry. Things like "search" and "auto-correct" are being (or already are) patented, a real obstacle and threat to software engineers who work hard to update, improve and innovate this industry.
In a fragile economy like the current, where innovation and job creation are crucial to success, the mobile industry's potential stagnation is becoming increasingly likelier and Apple is, without a doubt, one of the principle culprits.


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Tag Archive for: Supreme Court
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Liability Acknowledgment & Limitation Period for IBC Applications
September 16, 2020 /0 Comments/in Insolvency and Bankruptcy /by Vinod Kothari Consultants
This article has also been published in the LawStreetIndia blog – http://www.lawstreetindia.com/experts/column?sid=466 Liability Acknowledgment & Limitation Period for IBC Applications – Deciphering the Enigma -Sikha Bansal (resolution@vinodkothari.com) The applicability of the Limitation Act, 1963 (Limitation Act) to the applications under the Insolvency and Bankruptcy Code, 2016 (Code) has been settled long back, after a series of […]
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Moratorium Scheme: Conundrum of Interest on Interest
September 16, 2020 /0 Comments/in Financial Services, RBI /by Vinod Kothari Consultants
Siddhart Goel
finserv@vinodkothari.com
On September 03, 2020 the Hon'ble Supreme Court (the "court") while dealing with several petitions on account of Covid related stress from various stakeholders, passed an interim order that that the accounts which have not declared NPA till August 31, 2020 shall not be declared NPA till further orders of the court.[1] Further in its September 10, 2020 order the court asked the government and RBI to file affidavit within two weeks to the court, on issues raised and relief granted thereto.[2]
The primary contention raised before the court for consideration was that the moratorium postpones the burden and does not eases the plight. It would be a double whammy on borrowers since Banks are charging compounded interest, and banks have benefitted during moratorium by charging compounded interest from customers. The court in its order dated September 10, 2020 observed that individuals are more adversely affected during this period of pandemic. Therefore, the court from the government and RBI, with regard to charging of compound interest and credit rating/downgrading during moratorium period, has sought specific instructions.
Though the matter is sub judice, this write-up aims to provide a legal analyses to the contentions raised in front of the court on the above counts, since any action or direction on the above issues will have an impact on the wider financial system including all, i.e. borrowers, government, banks and other financial institutions as a whole.
Before directly getting into the analyses, it is important to consider material reliefs and incentives announced by RBI and Government of India in respect to COVID19 related regulatory package. A brief history of timelines on series of regulatory reforms to cope with the disruptions caused due to COVID19 is provided below:
Waiver of Interest on Interest during moratorium and Systemic Implications
The moratorium scheme deferred the repayment schedule for loans, and the residual tenor, was to be shifted across the board. This essentially meant that all the liabilities of customers towards their repayments (principal plus interests) were to be rescheduled and shifted across the board by the Banks and NBFCs. However, the scheme clearly stipulated that the interest should continue to accrue on the outstanding portion of the term loans during the moratorium period. Moratorium granted to the customers of banks and NBFCs was to reprieve borrowers from any immediate liability to pay. However, charging of interest on outstanding accrued amount is the center of concern in the matter.
The money has time value, which is often expressed as interest in banking parlance. This is one of the most fundamental principles in finance. Rupee 1 today is more valuable from a year today. If interest is not paid, when it accrues, this in effect means, right to receive interest, which is a predictable stream of cash flow, is not available for reinvestment. Therefore, interest earned but not paid, should earn interest until paid. In debt markets, an obligation towards debt is valued in reference to yield to maturity or present value, all these rest on the compounding interest. These are generally in form of obligations on Banks and NBFCs on the liability side of their balance sheet. Bank deposits and interest thereon also attracts interest, which is adjusted towards total deposit amount of the customer. Therefore, interest on interest is a rule in finance and not a selective event.
Banking is no different to any other commercial business, besides it involves liquidity and maturity transformation and hence is highly leveraged. The short-term demand deposits from customers are converted into long-term loans to borrowers ('maturity transformation'). Similarly, the customer deposits (liabilities of banks) are payable on demand, while on asset side receivables (repayment of principal and interest) are fixed on due dates ('liquidity transformation'). It would be wrong to presume that NBFCs are any different from commercial banks. NBFCs largely rely on borrowings from Banks and other financial institutions by way of issuing debt instruments (CP, bonds, etc.), which is reflected on the asset side of the investing commercial banks and other financial institutions. Though obligation of payment on these debt instruments is not payable on demand, but they carry a substantial roll over and default risk. Hence, these institutions are highly leveraged and inherently fragile by nature of their business. Needless to state that receivables on asset side of banks and NBFC also carry certain risk of default and therefore are inherently risky in nature.
Financial institutions and other investors in market, (like Money Market Funds, Pension funds and etc.) invest in debt of Banks and NBFCs on the basis of strength of assets held by them. These assets are in form of receivables from pool of loans or by way advances to underlying borrowers. Thus, participants in financial markets are highly interlinked and are adversely affected by asset deterioration as a rule. Banks and financial institutions bear credit risk (default risk) of the underlying borrowers on their balance sheet. This credit risk has already increased substantially and would be unfolding further due the impact of pandemic on wider economy.
The waiver of interest charged on interest accrued but not paid during the moratorium, would not only be a loss for the banks and NBFCs, but would also substantially dilute the value of assets held by them. This could lead to an asset liability mismatch on balance sheets of banks. Such waiver of interest on accrued amount could exacerbate the risk of banks and NBFCs defaulting on other financial institutions ('systemic risk'). The foregoing of charging of interest on interest accrued during moratorium would mean banks and financial institutions partially baling out borrowers either from their own limited funds or from the borrowed funds of other financial institutions. Such a move could entail systemic risk and wider financial catastrophe. As risk of default from comparatively large diversified group of borrowers will be shifted and get concentrated in the balance sheets of banks and financial institutions.
Credit Rating Downgrades and Stressed Assets Resolution
The RBI moratorium notification dated March 27, 2020, freezes the delinquency status of the loan accounts, which have availed moratorium benefit under the scheme. This essentially meant that asset classification standstill will be imposed for accounts where the benefit of moratorium have been extended.[3] As it stands, the RBI, March 27, 2020 circular clearly stipulated that moratorium/deferment/recalculation of loans is provided to borrowers to tide over economic fallout due to COVID and same shall not be treated as concession or change in terms and conditions due to financial difficulty of the borrower. In essence the rescheduling of payments and interest is not a default and should not be reported to Credit Information Companies (CICs). A counter obligation on CIC was also imposed to ensure credit history of the borrowers is not impacted negatively, which are availing benefits under the scheme. The relevant excerpt from the notification stipulates as follows:
"7. The rescheduling of payments, including interest, will not qualify as a default for the purposes of supervisory reporting and reporting to Credit Information Companies (CICs) by the lending institutions. CICs shall ensure that the actions taken by lending institutions pursuant to the above announcements do not adversely impact the credit history of the beneficiaries."
Further through notifications dated August 06, 2020 RBI introduced a special window scheme for Resolution of stress on account of COVID 19 ("Special Window"). Banks and financial institutions could restructure the eligible accounts under the Special Window without any asset classification downgrade of borrowers. The Special Window scheme included personal loans to individuals and other corporate exposures. It is relevant to realize that the resolution of stressed assets is highly subjective to borrower's leverage, sector specific risks, and other financial parameters. Banks and Financial institutions are better placed to implement the resolution or restructuring of the assets (loan accounts) at bank level.
The moratorium scheme and the Special Window resolution framework dated August 06, 2020 (the "Schemes") were highlights of discussions during the court proceedings extensively. The primary contentions were in respect to limited applicability of these schemes. The schemes and their benefits were available to borrowers whose accounts were standard and not more than 30 DPD as on March 01, 2020 with their respective banks and financial institutions. Though the legal validity of the schemes were questioned directly in front of the court, but selective nature of schemes conferring benefit on to standard accounts (which are not more than 30 DPDs) only. The exclusion of other borrower accounts was criticised extensively. But this could form as a part of separate issue, the primary concern here being asset down gradation and credit rating scores.
The Special Window restructuring scheme notification under its disclosures and credit reporting section made an onus on lending institutions to make disclosures on such re-structured assets in their annual financial statements along with other disclosures. However where accounts have been restructured under special facility, and involve 'renegotiations', it shall qualify as restructuring and the same shall be governed under credit information polices as applicable. The relevant clause is produced as is herein below:
"54. The credit reporting by the lending institutions in respect of borrowers where the resolution plan is implemented under this facility shall reflect the "restructured" status of the account if the resolution plan involves renegotiations that would be classified as restructuring under the Prudential Framework. The credit history of the borrowers shall consequently be governed by the respective policies of the credit information companies as applicable to accounts that are restructured."
It is argued that the area of application and scope of both the schemes are entirely exclusive and independent remedies available to respective eligible borrowers. Under moratorium scheme the borrower gets benefit of liquidity since all the payments due during the period are deferred. While in the latter, i.e. restructuring scheme the borrower under stress can get their accounts restructured by way of implementing resolution plan without facing any asset classification downgrade upfront. In the latter case, only such restructurings involving 'renegotiations' will affect the credit history of the borrowers.
The intention of the RBI and the government was to provide relief to the borrowers, who were gasping for relief after the disruptions caused due to COVID 19. There is no doubt that the COVID-19 outbreak and subsequent lockdown has impacted all level of borrowers, ranging from small to large borrowers, including, individuals to corporates. It would be wrong to presume that those accounts, which were NPA or otherwise ineligible under the schemes, are not affected by the pandemic. Therefore it is always open for the government and RBI to introduce or implement any other scheme or some sort of reprieving mechanism for the ineligible borrowers. However, it is important to consider that even banks and financial institutions are no exception like any other businesses that have been affected by the pandemic; moreover they have been exposed to severe liquidity crunch and on the flip side are witnessing asset quality problems on their balance sheets. Any attempts to tamper or distort with the fundamental principle of finance ('interest on interest') or shifting the burden of it on banks and other financial institutions could have a much wider systemic ramifications than the current economic stress.
[1] https://main.sci.gov.in/supremecourt/2020/11127/11127_2020_34_16_23763_Order_03-Sep-2020.pdf
[2] https://main.sci.gov.in/supremecourt/2020/11127/11127_2020_36_1_23895_Order_10-Sep-2020.pdf
[3] Our detailed write up asset classification standstill is available at < http://vinodkothari.com/2020/04/the-great-lockdown-standstill-on-asset-classification/>
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Summary of Supreme Court Rulings- IBC
April 9, 2020 /0 Comments/in Case laws, Insolvency and Bankruptcy /by Vinod Kothari Consultants
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Cryptotrading's tryst with destiny- Supreme Court revives cryptotrading, RBI's circular struck down
March 13, 2020 /0 Comments/in Fintechs and Payment and Settlement Systems, Payment and Settlement Systems, RBI /by Vinod Kothari Consultants
-Megha Mittal
(mittal@vinodkothari.com)
April 2018, the Reserve Bank of India (RBI) issued a "Statement on Developmental and Regulatory Policies" ('Circular') dated 06.04.2018, thereby prohibiting RBI regulated entities from dealing in/ providing any services w.r.t. virtual currencies, with a 3-month ultimatum to those already engaged in such services. Cut to 4th March, 2020- The Supreme Court of India strikes down RBI's circular and upheld crypto-trading as valid under the Constitution of India.
Amidst apprehensions of crypto-trading being a highly-volatile and risk-concentric venture, the Apex Court, in its order dated 04.03.2020 observed that RBI, an otherwise staunch critic of cryptocurrencies, failed to present any empirical evidence substantiating cryptocurrency's negative impact on the banking and credit sector in India; and on the basis of this singular fact, the Hon'ble SC stated RBI's circular to have failed the test of proportionality.
In this article, the author has made a humble attempt to discuss this landmark judgment and its (dis)advantages to the Indian economy.
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RESOLUTION VALUE MAY BE LOWER THAN LIQUIDATION VALUE?
March 6, 2020 /0 Comments/in Case laws, Insolvency and Bankruptcy, Liquidation & Winding-up /by Vinod Kothari Consultants
-Richa Saraf
(richa@vinodkothari.com)
The Apex Court, vide its order dated 22.01.2020, in the matter of Maharasthra Seamless Limited vs. Padmanabhan Venkatesh & Ors.[1] held that there is no requirement that the resolution plan should match the maximized asset value of the corporate debtors. Reiterating the principle laid down in the case of Committee of Creditors of Essar Steel India Limited v. Satish Kumar Gupta[2], the Hon'ble Supreme Court held that once a resolution plan is approved by the committee of creditors (CoC), the Adjudicating Authority has limited power of judicial review.
The judgment of the Supreme Court boldly brings out the object of the Insolvency and Bankruptcy Code, 2016 ("Code"), i.e. "resolution before liquidation". However, it will be pertinent to understand whether this ruling should be considered as a benchmark? Further, what will be the situation in case of liquidation? Whether sale under liquidation can be done for a value lower than the reserve price?
Below we analyse the ruling, seeking to answer the aforementioned questions.
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Case Update: SC extended the CIRP by exercising Article 142 of the Constitution
November 7, 2019 /0 Comments/in Case laws, Insolvency and Bankruptcy /by Vinod Kothari Consultants
-Priya Udita
(resolution@vinodkothari.com)
The Supreme Court (SC) in the case of Jaiprakash Associate Ltd. & Anr. v. IDBI Bank Ltd. & Anr. dealt with 2 issues. Firstly, whether the National Company Law Tribunal (NCLT) or National Company Law Appellate Tribunal (NCLAT) can exclude any period from the statutory period in exercise of inherent powers sans any express provision in the Insolvency and Bankruptcy Code (I&B Code) in that regard. Secondly, whether the bidders can submit revised resolution plan after they were originally rejected by Committee of Creditors (CoC).
Dealing with the first issue, the SC in its order dated November 6, 2019 held that an extraordinary situation had arisen because of the constant experimentation which went about at different level due to lack of clarity on matters crucial to the decision making process of CoC. Besides that, the SC held that the case on hand is a classic example of how the entire process got embroiled in litigation initially before court and adjudicating authorities due to confusion or lack of clarity in respect of foundational processes to be followed by the CoC. Depending upon the uniqueness and unanimity of the stakeholders and resolution applicant to eschew the liquidation of corporate debtor, the SC by exercising its power under Article 142 of the constitution reckons 90 days extended period from the date of this order instead of the date of commencement of the Insolvency and Bankruptcy Code (Amendment) Act, 2019.
With regard to second issue, the SC relied on the sub clause (7) of Regulation 36B inserted with effect from 4th July, 2018, dealing with the request for resolution plans. It postulates that the resolution professional may, with the approval of the CoC, reissue request for resolution plans, if the resolution plans received in response to earlier request are not satisfactory, subject to the condition that the request is made to all prospective resolution applicants in the final list. Consequently, applying the principle underlying Regulation 36B(7), the SC found it appropriate to permit the interim resolution applicant to reissue request for resolution plans to the two bidders and/or to call upon them to submit revised resolution plans, which can be then placed before the CoC for its due consideration.
However, the SC has clarified that this order is issued in an exceptional case and it will not be construed as a precedent. Further, the SC made it clear that this order does not answers to the question of law as to whether NCLT or NCLAT has the power to issue direction or order inconsistent with the statutory timelines and stipulations specified in the I&B Code or regulations.
Though the SC has extended the CIRP period in an exceptional case, it is still not sufficient to complete the process within the stipulated time period as there are constant amendments being done for the effective implementation of the I&B Code. The NCLT/NCLAT is burdened with the application for clarification on the various procedures or regulation while the time for resolution flies. There are numerous cases pending before adjudicating authorities whose stipulated time period for the resolution has been surpassed.
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Schemes under Section 230 with a pinch of section 29A – Is it the final recipe?
November 2, 2019 /1 Comment/in Companies Act 2013, Insolvency and Bankruptcy /by Vinod Kothari Consultants
-Sikha Bansal (resolution@vinodkothari.com)
Note: This article is in continuation of/an addition to our earlier article wherein the author discussed various aspects pertaining to schemes of arrangement in liquidation under section 230 of the Companies Act, 2013 read with various provisions of the Insolvency and Bankruptcy Code, 2016. The author has described various factors and principles which the judiciary may consider while sanctioning a scheme of arrangement for companies in liquidation, how a scheme is different from a resolution plan or a going concern sale, what constitutes 'class' in the context, whether the waterfall under section 53 will apply to such schemes, etc. The author also pointed out the lack of clarity as to applicability or inapplicability of section 29A on such schemes. However, very recently, NCLAT has clarified that persons ineligible under section 29A are not qualified to propose a scheme during liquidation. This Part discusses this ruling and ponders upon some questions which still remain open-ended/unanswered.
The conundrum as to whether section 29A of the Insolvency and Bankruptcy Code, 2016 ('Code') will apply to schemes under section 230 of the Companies Act, 2013 ('Companies Act') has been put to rest, at least for the time being, by a recent ruling of the National Company Law Appellate Tribunal ('NCLAT'). In Jindal Steel and Power Limited v. Arun Kumar Jagatramka & Gujarat NRE Coke Limited (Company Appeal (AT) No. 221 of 2018), vide order dated 24.10.2019, NCLAT held, while a scheme under section 230 is maintainable for companies in liquidation under the Code, the same is not maintainable at the instance of a person ineligible under section 29A of the Code. The NCLAT relied on the observation of the Hon'ble Supreme Court in Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India & Ors., WP No. 99 of 2018, that the primary focus of the legislation is to ensure revival and continuation of the corporate debtor by protecting the corporate debtor from its own management and from a corporate death by liquidation.
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Besides introducing western audiences to Japanese cinema, Kurosawa's Venice prize-winner was influential in deploying a multiple narrative that represents different viewpoints of a vicious criminal act in 12th-century Kyoto. A meditation on subjectivity that questions the notion of absolute truth, the film is dynamically thrilling, visually bold and marvellously performed. Mifune, especially, endows his character with an almost bestial energy.


text:
Moonight Shadow (Mike Oldfield)
https://www.jonkutner.com/wp-content/uploads/2020/12/Moonlight-Shadow-.mp3
This week's suggestion came in from General Blee who emailed to say, "Just thought I would add another song for the single of the week list. I heard Moonlight Shadow by Mike Oldfield last week on the radio, and the song always brings back memories of a pub we used to virtually live in many years ago. The then Guvnor's son, loved this song and so it was played an awful lot on the juke box. I still think it's a great song and worthy of being added to the list. The guitar work is really outstanding and overall just a great song." Well General, I remember a lot of rumours at the time of what inspired the song, but found out a few years later that what I'd heard wasn't true. So, here's the truth.
The story I heard and it almost became folklore was the song was tribute to John Lennon who was murdered shortly before Mike Oldfield began writing the song and you can understand why when you analyse the similarities. It's a very cheery song on the face of it, but Mike later revealed the it was a 1953 movie which was the inspiration.
The song tells of a girl and her utter shock after witnessing the death of her boyfriend who was shot to death during a fight. The guest vocalist, Maggie Reilly sings, 'He was shot six times by a man on the run.' – Mark Chapman shot the Beatle four times and he wasn't on the run. She also sings, 'Lost in a riddle that Saturday night' whereas John was killed on a Monday. All these things are relatively minor given a lot of songwriters change some details to suit the song and the way it flows. As the song comes to a climax you can hear Maggie's vocals crescendo-ing as if it's a personal experience and gets irate as realisation dawns that he's gone in tragic circumstances.
"I actually arrived in New York that awful evening when he (John Lennon) was shot," Mike explained to the journalist Gareth Randell in 1995, "Some people suggested it may have had something to do with John Lennon – I never meant there to be. I was staying at the Virgin Records house in Perry Street, which was just a few blocks down the road from the Dakota Building where it happened, so it probably sank into my subconscious. It was originally inspired by a film I loved – Houdini starring Tony Curtis which was about attempts to contact Houdini after he'd died, through spiritualism, it was originally a song influenced by that, but a lot of other things must have crept in there without me realising it."
The version of the song we know was quite different from how it started out; "A lot of the lyrics happened by accident as one word would rhyme with another, then a gun got in there somewhere and then got a bit West Side Story-ish," he wrote in his 2007 autobiography, Changeling. In there he also explained that he had attempted an earlier version with different words and with Hazel O'Connor singing. He wasn't happy with it and stayed up late with a bottle of wine and tried again.
"Moonlight Shadow was very different from everything else on the album," explained the album's producer Simon Phillips in an interview with Ed Power. "I was surprised to be asked to co-produce with Oldfield but it was a tune very close to his heart. He always wanted a lot of control over it."
The song's closing verse, 'Far away on the other side, caught in the middle of a hundred and five, the night was heavy and the air was alive' left the majority of listeners confused as to its meaning, so in 1995, Oldfield, via his website, explained, "Well, it was a hundred and five people, just signifying a large amount of people, and presumably it was a hundred and five rather than a hundred and four or whatever because 'five' rhymed with the next line!" Personally, I was still a little confused until someone said check out the extended version, so I did only to find a few extra lines, one of which was 'The crowd gathered just to leave him' which might explain where the large amount of people fit into the song.
Oldfield famously 'launched' Richard Branson's Virgin record label, but the pair had an interesting relationship. They had very different ideas about the title and sleeve of the album that the label was initially famous for, Tubular Bells. Mike Oldfield remembered sitting in Branson's office and Richard saying he wanted the album title to be called Breakfast in Bed. "He also had a photo of a boiled egg with blood dripping out, which he thought would look good as a cover, I hated it," revealed Oldfield, "but when I said Tubular Bells, he said he still preferred Breakfast in Bed. I almost had to beg."
By the 1980s, Oldfield was still determined to push himself artistically. He recorded Five Miles Out which gave him a top 10 hit in 1982 and followed it the following year with Crisis which he recorded at Tilehouse Studios – a purpose-built luxury studio he had attached to his house in Denham, Buckinghamshire. It was a mixed album in as much as the opening title track was very synth-heavy and featured a rare vocal performance by Oldfield and ran to nearly 21 minutes. The third track was called In High Places and featured Yes' Jon Anderson on vocals, but sandwiched in between the two was Moonlight Shadow. The closing track Shadow on the Wall featured a guest vocal from Family's Roger Chapman. In a promotional statement at the time, Oldfield said, "One side is very commercial, full of singles, while the other is more the material I want to do for personal satisfaction. It's a case of keeping everybody happy."
Mike Oldfield wasn't the only person to have a run-in with Richard Branson, producer Simon Phillips, who also played drums on the album, did too as he recalled in an interview with the Daily Telegraph, "I was about to fly to America for some recording sessions and Branson called demanding I work with Oldfield on his album Five Miles Out. Richard was not taking 'no' for an answer, he never does, so I said, 'Richard I'm leaving on a plane tomorrow. This was before Virgin Airlines – he couldn't just put me on another flight. I said, I'm really sorry Richard. He just slammed the phone down."
← Nellie the Elephant (Toy Dolls)
The Dying Of The Light (Noel Gallagher's High Flying Birds) →


text:
Q: Route works locally, but fails on production I have a static route which basically maps url pattern to a specific controller action.
routes.MapRoute(
name: "StaticRoute1", url: "getxml", defaults: new { Controller = "XmlData", Action = GetXml" });

So the url like:
www.example.com/getxml?id=1&size=100

Should call the XmlDataController GetXml method.
It works locally fine, but in production I get:
No route in the route table matches the supplied values.
Description: An unhandled exception occurred during the execution of the current web request. Please review the stack trace for more information about the error and where it originated in the code.

Exception Details: System.InvalidOperationException: No route in the route table matches the supplied values.

How can I diagnose this issue?

A: You've defined your URL mapping incorrectly.  In it's current state, you're nothing mapping id nor size to anything.  You need to update your URL to actually map to the parameters of your controller.  Update the URL to something like
Try something like this:
routes.MapRoute(
   name: "StaticRoute1",
   url: "{controller}/{action}/{id}/{size}",
   defaults: new { controller = "myController", action = "getxml", id = 1, size = 200 }
);


Instrumental progsters Polyphia teased "an exciting new direction for the band" when they dropped their latest single "G.O.A.T." back in May, and indeed, the song had a distinct hip hop-like production element to it thanks to the production duo of Y2K (Killy, Yung Bans) and Judge (Migos & Mashmello, blackbear, Young Thug).
Polyphia just dropped another new one, "O.D.," and it's definitely in keeping with that production aesthetic: synth-y sounding drums with lots of fast, glitchy hi-hat hits, and a general sense of rhythm that just feels very hip-hop-y. I'm into it! I always like it when bands explore new directions, and the prog metal scene could really, really use a fresh infusion like this. A press release boasts that the band's new album, New Levels New Devils, features a "rotating cast of accomplished hip hop and electronic producers," so presumably we can expect not only some more interesting production but some diversity, too.
Both "O.D." and "G.O.A.T." will appear on New Levels New Devils, which comes out October 12th on Equal Vision; pre-order here. Also be sure to check the video we shot with guitarist Tim Henson in which he watches fan covers of the band's music on YouTube.


I remember the first ever Valentine card that I sent to my fiancée (now my wife), from Chennai to Bangalore. I got the same card back, making me wonder if she had returned my card. But to my surprise, we had chosen the same card for each other, even though we were miles apart!
It was a friend who explained to me what Valentine's Day was all about– it was not so popular back then. He was the one who advised me to send a card to my fiancée. However, even he had his own misunderstandings about Valentine's Day. He thought it was a festival for all "modern" people who are in love. I think that notion still prevails among Indians. That is why there has been so much protest from the so-called guardians of our Indian culture. Despite those past protests this has today become a festival when companies mint money through the sale of cards and gifts, and malls and restaurants make the most of the day by decorating the place and attracting the young.
14 February is a day when many make their love known to each other, when many hearts break, and many youngsters indulge in all kinds of revelry. We see a sharp decline of these emotional highs once they get married. The real valentine is not someone who shows romance on special days and indifference on other days. After our 13 years of marriage and 3 years of courtship, today valentine means something else to me.
There is no one in our lives as intimate as our spouse, because it is God who brings that person into our life as our life partner, a VIP, to make us complete. Who else can be more important than our spouse? My wife, my valentine, is the Very Important Person to me.
Eve was made for Adam and Adam for Eve, so that they would be available for each other. Many of us are available for the world but least useful at home for our spouse and children. It's good to be available for society, work, friends and so on but our VIP needs us most. My wife, my valentine, has been available for my needs.
We may not like everything about our spouse, but our calling is to love in spite of his or her weakness. Some couples choose to quit, rather than staying together to make the marriage work. Marriage is not the coming together of two perfect people, but two imperfect people waiting to be perfected by a perfect God. My wife, my valentine, loves me in spite of my imperfections.
Words of encouragement and affirmation strengthen a relationship. On the other hand, negative words and sarcastic remarks can wound deeply and leave lifelong scars. We all need encouragement, not only when everything is fine, but even when our partners mess up. We need to stand by each other especially when the rest of the world lets us down. My wife, my valentine, encourages me always.
Marriage can be so rich when we are transparent with each other, when we do not have to pretend with each other. We need to give our partner the freedom to express their feelings. We need to be real in a marriage relationship. There is no need for special perfumes and fancy clothes to hide our real selves. Being transparent makes the relationship so enjoyable. My wife, my valentine, never pretends with me.
This is a very important component of any relationship. If a spouse is constantly suspicious of our moves, that marriage can turn out to be hell. Trusting each other in all circumstances makes us vulnerable. We actually give away ourselves to each other completely by trusting each other. Since my wife trusts me, I'm even more careful not to break her trust. My wife, my valentine, trusts me.
When we follow the world's idea of togetherness, our marriage can become so boring and drab after a few years. In the early days of courtship and marriage, a look, a wink, a touch can send shivers down your spine. There is so much of inspiration that we can draw from even each other's presence. For instance, when I make a public presentation, my wife's presence there in the front row is such an inspiration. Does your spouse inspire you? Does their presence make you lose confidence or gain confidence? My wife, my valentine, inspires me.
Any relationship needs to be nurtured in order to grow. Nurturing is done by consciously making time for each other. It's such a joy to spend time with my wife in the presence of our Creator. There is no substitute for it. My wife, my valentine, nurtures our relationship.
I remember the days when we first got married. We were both still students. We chose a tough internship – to be house parents for 16 street kids. Our first posting was in the most backward district of Karnataka, with drinking water at a distance of 2 Kms. My wife had three miscarriages during that time. She endured it with a smile, never even once blaming me for the tough life. My wife, my valentine, endured hardship even during tough times.
I really praise God for the suitable helper He has gifted to me and I want to reciprocate by being a great VALENTINE to her.


We're over the moon that 'A Trinity Story', the animation that we created for Royal Trinity Hospice won a Charity Film Award!
The Charity Film Awards celebrate the best film and video content that charities produce for their fundraising and marketing. The Awards place a spotlight on the efforts of these charities and help increase donations for the good causes these charities support.
The films were shortlisted by the public and then the finalists and winners were chosen by a panel of judges. Winners were announced at a gala ceremony at the BAFTA in London on 15 March 2017. 'A Trinity Story' was chosen as the best film in the category of charities that generate a revenue between £5 – 50 million. We're so honoured and pleased that our animation was included with films by charities that contribute so much to improving the lives of people, communities, the environment and animals across the world. You can view the other winning films on The Charity Awards website.
Members of Royal Trinity Hospice and CreativeConnection at the Charity Award Film gala on 15 March 2017.
Royal Trinity Hospice approached us in early 2016 to help them produce an animation that raised awareness of their support services that make the end of life process more manageable and compassionate.
The animation tells the story from the point of view of a man suffering from lung cancer and shows how Trinity helps him and his family make the most of their time together. The simplistic imagery and mixed media style incorporating cutouts and watercolour sketches was a creatively effective way to convey the personal and emotional content of the animation and helps address the misconceptions people may have about hospice care in general.
We'd like to thank our incredible team who worked on the animation: Isolde Godfrey as artist and project manager, Grace Dugdale as script writer and Badj Whipple as editor. They all worked closely with the Trinity team to develop the engaging script and visual content.
You can read more about the process of how this animation was created by clicking here.
Do you find animations and films produced for charities effective and engaging? Are there any charities that you support?
If you are interested in using animation to communicate a charity's message, we'd love to hear from you. To find out more, contact Holly Willmott and sign up to our newsletter at the bottom of this page to keep up to date on what we're up to.


text:
'use strict';

// Famous dependencies
var DOMElement = require('famous/dom-renderables/DOMElement');
var FamousEngine = require('famous/core/FamousEngine');

var scene = FamousEngine.createScene('body');

FamousEngine.init();

var GameApp = require('./js/GameApp');
var game = new GameApp(scene);