National Salt Company Nigeria Plc ( Q32010 Interim Report

first_imgNational Salt Company Nigeria Plc ( listed on the Nigerian Stock Exchange under the Food sector has released it’s 2010 interim results for the third quarter.For more information about National Salt Company Nigeria Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the National Salt Company Nigeria Plc ( company page on AfricanFinancials.Document: National Salt Company Nigeria Plc (  2010 interim results for the third quarter.Company ProfileNational Salt Company Nigeria Plc (NASCON) manufactures and markets a range of edible salt for industrial use and iodine-fortified kitchen salt for domestic use in Nigeria. By-products from the salt refining process include fine (butter) salt used to make biscuits and confectionary products; and granulated kitchen salt and industrial salt. The company has factories located in Oregun, Apapa and Port Harcourt and installed capacity of 400 000 tonnes per annum for 25-50 kilogram bags of salt and 100 000 tonnes per annum for salt sachets. Salt products for domestic use are marketed under the brand name Annapurna and Dangote. Annapurna is a brand name owned by West Africa Popular Foods (WAPF) as a joint venture between the former NASCON and Unilever Nigeria Plc. The company was established in 1973 and formerly known as National Salt Company of Nigeria Plc. Its head office is in Lagos, Nigeria. National Salt Company Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Forget Brexit! I’d double my money by investing in these FTSE 100 stocks

first_img “This Stock Could Be Like Buying Amazon in 1997” FTSE 100 real estate provider Barratt Developments (LSE: BDEV) saw a 14% jump in share price the day the Tories came into power with a majority last month. This was no coincidence, of course. Real estate is a cyclical sector, meaning it is sensitive to macroeconomic conditions. Prolonged uncertainty was doing the sector no good, but the election results finally broke the Brexit-related limbo.  Sharp real estate run-up For investors in BDEV, there couldn’t be a better time. Its share price breached the £7 level on the day, consistently stayed above it and more recently breached £8 (before sliding back a bit) as well. It was a good company to invest in earlier, but with the path to Brexit now clear, it seems that all doubts have cleared from investors’ minds. The story’s similar for other FTSE 100 real estate developers like Berkeley Group Holdings, Taylor Wimpey, and Persimmon, whose share prices haven’t looked back since mid-December either.  5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The downside With a price to earnings (P/E) ratio of 11 times, BDEV still looks affordable, making it a worthwhile investment even now. The only catch is this. I’m just not sure if its price can increase at speed. Consider this – from the price spike on 13 December up to the latest close, its share price has risen 5.8%. This isn’t a bad increase in five weeks, but it doesn’t compare to the expectations that were set up by the sharp increase seen the day the results were announced.  Besides this, I’d really like to see improvement in real estate numbers before investing in this type of company now. The government’s latest numbers on house prices are encouraging. But given the weakness seen over the past few months, I’d wait for more confirmation of the latest trend.   Buy when the chips are down It’s no reason for despair, though. I still think there are still plenty of FTSE 100 stocks that can double my money in a reasonably limited time frame. One of these is the consumer goods giant Unilever, whose chips have been down for over a month. It sounded somewhat diffident in its latest update, but I’m not exactly worried when I consider the details. It’s a quality stock, whose price is down at the moment, but it has doubled investor capital in half a decade. It’s a fine buy.     Reliable growth Clearly, though, there are investors who don’t think quite the same way. That’s the reason the ULVR share price is still weak. If you are also thinking like them, then consider another company. The FTSE 100 analytics provider RELX has  more than doubled investor money in the last five years. It part of a growing industry, is financially healthy and there’s no reason to suggest it won’t continue doing well in the future. If ULVR is a fine buy, RELX is even better. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Manika Premsingh | Tuesday, 28th January, 2020 | More on: BDEV Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Forget Brexit! I’d double my money by investing in these FTSE 100 stocks  See all posts by Manika Premsinghcenter_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Unilever. The Motley Fool UK has recommended RELX. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

LRVO House Extension / Vous Architecture & Design

first_imgArchitects: Vous Architecture & Design Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard “COPY” Photographs ArchDaily Year:  Area:  25 m² Year Completion year of this architecture project France “COPY” Save this picture!© Collectif Vous+ 23Curated by Paula Pintos Share LRVO House Extension / Vous Architecture & Designcenter_img LRVO House Extension / Vous Architecture & DesignSave this projectSaveLRVO House Extension / Vous Architecture & Design CopyHouses•Saint-Herblain, France Photographs:  Collectif Vous Manufacturers Brands with products used in this architecture project Houses ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Manufacturers: Atkar, Dulux, LOCKER GROUP, Laminex, Silent Gliss, Tarkett, Woven Image, AutoCAD, Bamstone, Briggs, Corian, Ontera, Robert McNeel & Associates, Tint DesignSave this picture!© Collectif VousRecommended ProductsPaintLunawoodThermowood – Premium Surface FinishingPaintKEIMMineral Paint for Concrete – KEIM Concretal®-WDoorsLinvisibileLinvisibile Curved Hinged Door | AlbaEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEASave this picture!© Collectif VousText description provided by the architects. In the Preux district, on the edge of Saint-Herblain, France, the 1980’s identical houses line up, only distinguished by their pale colors. Carefully placed above the garage, the LRVO extension takes advantage of the orientation of the plot and extends the house toward the road, facing west.Save this picture!© Collectif VousSave this picture!2nd floor plan – ActualA simple, one-piece volume, radically wrapped in wood cladding, on the walls as well as on the roof, dialogues with the pavilion. As a sketch of an archetypal house, this new living space is part of the existing building through a fine dialogue with the current roof slopes. Delicately placed on the garage, the project contrasts in its materiality, without however erasing the particular geometry of the pavilion which supports it.Save this picture!SectionSave this picture!© Collectif VousInside, VOUS also designed and built the furniture. A double-height space fitted with a dressing acts as a hallway, leading to a bathroom facing south, and a bedroom on the other side. Shelves span the whole west wall, turning from a sink to shelves, to a desk, to shelves again, ending in a lecture spot, adjoining the bedroom window. On the upper floor, a roof window enlights a storage space that can be turned, one day, into a guest room or a reading salon.Save this picture!© Collectif VousProject gallerySee allShow lessCebicheria Restaurant / Mínima Arquitetura e UrbanismoSelected ProjectsMexican Architects Design 25 New Facilities for Mexico City’s PILARES ProgramArchitecture News Share Projects 2020 CopyAbout this officeVous Architecture & DesignOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSaint-HerblainOn FacebookFrancePublished on October 04, 2020Cite: “LRVO House Extension / Vous Architecture & Design” 04 Oct 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Public confidence in charities increases, says survey

first_img Tagged with: Giving/Philanthropy Research / statistics Joe Saxton of nfpSynergy said: “What our research shows is that confidence in charities has leapt since the 1990s and the current third place out of sixteen organisations is very respectable. Of course, confidence could be higher, but our belief is that the fundamental issue is not the absolute level of confidence, but whether that confidence by the public is based on an accurate understanding of how modern charities work.”The nfpSynergy research was carried out in July and November 2003. Public confidence in charities increases, says survey NfpSynergy reports that public confidence in charities has jumped by 25%, with only the army and schools engendering greater confidence.According to the survey of public trust in institutions, commissioned for NCVO, only schools jumped higher than charities in the ratings. The Royal Mail experienced the biggest decline in confidence, down 13 per cent.In a previous similar survey in 1996 by the Henley Centre only 33% of people said that they had confidence in charities, and this has often been held to demonstrate a crisis of public confidence in charities. Advertisement  24 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Howard Lake | 17 July 2004 | 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 Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Episode 208 – Bucks Get Bucked

first_imgJack Wallace printJack and Noah discuss the Bucks’ early exit from the playoffs behind Giannis’ injury, the weaker Week 1 college football slate and picks for NBA, college football and NFL! Follow us @BlanketCovPod on Twitter and @blanketcoveragepodcast on Instagram! Jack Wallace Facebook 2020/21 NFL Exit Interviews – NFC West Jack Wallace Twitter 2021 NFL Mock Draft (Part 1) Special ReddIt 2021 NFL Mock Draft (Part 1) Special TAGSBasketballblanket coveragebubblecfbfootballjack wallacenbaNFLnoah parkerplayoffspodcastsports Facebook Fort Worth’s first community fridge program helps serve vulnerable neighborhoods Previous articleWhat we’re reading: California wildfire threatens towns, Gov. Abbott backs law enforcementNext article2020 NFL Season Preview – Part 1 Jack Wallace RELATED ARTICLESMORE FROM AUTHOR ReddIt 2020/21 NFL Exit Interviews – NFC West Jack Wallace TCU News Now 4/28/2021 Linkedin Linkedin 2020/21 NFL Exit Interviews – NFC East + posts Jack is a junior journalism major and studio art minor from Atlanta, Georgia. He enjoys everything sports and co-runs the Blanket Coverage podcast as well as photographs for TCU360. Twitter Jack Wallace read more

District 3’s Councilmember John Kennedy Announces New Social Media Links

first_img Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS More Cool Stuff Your email address will not be published. Required fields are marked * HerbeautyCreative Ways To Burn Calories That Require Little EffortHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeauty6 Fashion Trends You Should Never Try And 6 You’ll LoveHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeauty Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Government District 3’s Councilmember John Kennedy Announces New Social Media Links Published on Friday, August 15, 2014 | 11:48 am Name (required)  Mail (required) (not be published)  Website  Subscribe Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenacenter_img Make a comment 4 recommended0 commentsShareShareTweetSharePin it Pasadena District 3 Councilmember John J. Kennedy today announced his office has launched two new social media sites to provide District 3 residents and businesses with news and information about events or issues in the district. The two new social media sites are on Instagram, @HonJohnJKennedy and Twitter @HonJohnJKennedy. The same handle is being used for both sites.Councilmember Kennedy encourages all District 3 residents and businesses to follow his social media sites for pictures and information that affect District 3. The social media sites will work in conjunction with the District 3 page on the City of Pasadena website at“We want to include as many constituents as possible in our District 3 communications and social media is an important way in today’s world to reach out to others who might not otherwise be connected to their local government representatives,” Councilmember Kennedy said. “We plan to provide regular communications through a variety of methods. Social media is just one of those methods we want to use moving forward to establish proactive dialogue with our friends, residents, and business owners.”For more information about Pasadena, go to  The City’s main Twitter site is or @PasadenaGov.  The Facebook site is  Report any issues or request assistance with City programs and services by calling Pasadena’s Citizen Service Center, (626) 744-7311 or download the CSC App for your smart phone or tablet device! Top of the News First Heatwave Expected Next Week Community News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community Newslast_img read more

Foyle MLA raises roaming charges issue in Northern Assembly

first_img Foyle MLA raises roaming charges issue in Northern Assembly Pinterest By News Highland – November 16, 2011 Facebook Google+ 448 new cases of Covid 19 reported today RELATED ARTICLESMORE FROM AUTHOR WhatsApp News Google+ Twitter Facebookcenter_img Guidelines for reopening of hospitality sector published The Northern Assembly has again heard calls for legislation to be introduced immediately to remove the unwarranted practice of roaming charges in border areas.This issue was been raised by Foyle SDLP member Pat Ramsey who said people are facing huge mobile phone bills because they are unintentionally roaming.Speaking during an Assembly debate on the issue, Mr Ramsey said people in Derry, particularly in Culmore, Strathfoyle, Creggan, Eglinton and some areas of the Waterside are badly affected by inadvertent roaming charges on a daily basis as the River Foyle knows no borders.He says he has called many people on their mobile phones only to be asked to call them back on the landline number as they are roaming on an Irish network.The same happens in reverse for customers in Donegal.Mr Ramsey says that If the immediate introduction of an all-Ireland telecommunications tariff can be expedited, not only will it support the European Commission’s plans to abolish roaming charges completely, but it will also right a great injustice to border users.He said the idea that a transmitter on a hilltop overlooking counties Derry and Donegal can charge two different rates depending on where you live is fundamentally wrong and discriminative. Pinterest Calls for maternity restrictions to be lifted at LUH Twitter Three factors driving Donegal housing market – Robinson Previous articleLetterkenny Town Council to seek funding for Kirkstown RoadNext articleLetterkenny Councillors to recieve mental health trianing to help people in need News Highland NPHET ‘positive’ on easing restrictions – Donnelly Help sought in search for missing 27 year old in Letterkenny WhatsApplast_img read more

Varadkar and Wells to visit site of new North West Radiotherapy Unit

first_imgHomepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp The Minister for Health will visit Derry today to view progress on the North West Radiotherapy Unit.The cross border unit at Altnagelvin Hospital, which is being part funded by the Irish government, will cater for 90 per cent of suitable cancer patients in the North West of the island.Minister Leo Varadkar will also meet with his Stormont counterpart Jim Wells this afternoon. Varadkar and Wells to visit site of new North West Radiotherapy Unit Twitter Facebookcenter_img By admin – April 15, 2015 Twitter Facebook Previous articleMac Lochlainn calls for guarantees on future of Irish language secondary education in InishowenNext articleLetterkenny Municipal District adopts Lough Swilly Ferry as one of its strategic projects admin Guidelines for reopening of hospitality sector published GAA decision not sitting well with Donegal – Mick McGrath Google+ WhatsApp Calls for maternity restrictions to be lifted at LUH Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Serious road traffic collision in Newtowncunningham

first_imgHomepage BannerNews WhatsApp By admin – November 13, 2015 Man arrested on suspicion of drugs and criminal property offences in Derry Main Evening News, Sport and Obituaries Tuesday May 25th Emergency services are currently at the scene of a serious road traffic crash just outside Newtowncunningham.The crash occured on the Letterkenny side of the village earlier this afternoon.It’s believed a number of cars were involved in the incident.The road is currently closed and local diversions are in place.There are no further details at this stage. Facebook Pinterest WhatsApp 75 positive cases of Covid confirmed in North Twitter Google+center_img Pinterest Serious road traffic collision in Newtowncunningham Google+ 365 additional cases of Covid-19 in Republic Further drop in people receiving PUP in Donegal Previous articleRoad closed outside NewtowncunninghamNext articleUpdate: Two people dead in serious road traffic crash outside Newtowncunningham admin Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR Gardai continue to investigate Kilmacrennan firelast_img read more

When Parties Decide The Place Of Arbitration, Only The HC Having Territorial Jurisdiction Over That Place Can Entertain Application U/S 11 Of Arbitration Act: Orissa HC [Read Order]

first_imgNews UpdatesWhen Parties Decide The Place Of Arbitration, Only The HC Having Territorial Jurisdiction Over That Place Can Entertain Application U/S 11 Of Arbitration Act: Orissa HC [Read Order] Sparsh Upadhyay8 Oct 2020 8:22 PMShare This – xThe Orissa High Court on Thursday (01st October) refused to entertain a petition filed under Section 11 (6) of the Arbitration and Conciliation Act of India, 1996 observing that “the Court does not have the territorial jurisdiction to entertain the petition”The Bench of Chief Justice Mohammad Rafiq was hearing an application filed under Section 11(6) of the Arbitration and Conciliation Act,…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 Orissa High Court on Thursday (01st October) refused to entertain a petition filed under Section 11 (6) of the Arbitration and Conciliation Act of India, 1996 observing that “the Court does not have the territorial jurisdiction to entertain the petition”The Bench of Chief Justice Mohammad Rafiq was hearing an application filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 by the petitioner-M/s. SJ Biz Solutions Pvt. Ltd. filed an application (for short, “Act, 1996”) seeking appointment of an independent arbitrator to arbitrate the disputes between the petitioner and the opposite party.The matter before the CourtThe case of the petitioner was that a dealership agreement (in January 2014, which was renewed from time to time) was entered into between the Petitioner – M/s. SJ Biz Solutions Pvt. Ltd. and the opposite party-M/s. Sany Heavy Industry India Pvt. Ltd., a manufacturer of heavy construction equipment. Lastly, the contract was extended on 01.01.2017 for a period of one year till 31.12.2017.Pursuant to the agreement, the petitioner submitted Bank Guarantee for a sum of Rs.25,00,000/- drawn in the Bank of Baroda in favour of the opposite party.It was alleged that even as the dealership agreement was subsisting, the opposite party (M/s. Sany Heavy Industry India Pvt. Ltd.), illegally terminated the agreement on 04.09.2017, much prior to the expiry of the period.Both the parties on various occasions decided that the dispute would be settled, however, the Petitioner didn’t get the payment as promised by the opposite party.As the matter stood thus, the petitioner received a letter dated 05.04.2018 from Bank of Baroda, Barbil Branch, wherein it was intimated to the petitioner that they have received a notice dated 29.03.2018 from the opposite party invoking Bank guarantee in order to make payment of Rs.25,00,000/-.The petitioner by its letter dated 23.07.2018 invoked the arbitration Clause 15.3 of the Dealership Agreement dated 17.01.2017 and requested the opposite party to appoint a sole Arbitrator.The said letter was received by the opposite party on 01.08.2018. Since the opposite party failed to appoint the arbitrator within a period of 30 days, the petitioner was constrained to file this petition under Section 11(6) of the Act, 1996.Arguments Put forthPetitioner’s Arguments – The counsel for the petitioner submitted that even if the parties in clause 15 of the Dealership Agreement (Annexure-1) agreed that the place of arbitration shall be at ‘Pune’, the jurisdiction of this Court to entertain the present application filed under Section 11(6) of the Act, 1996 is not excluded as the cause of action, wholly, or at least in part, has arisen in the territory of the State of Orissa.It was contended that in view of Section 20(1) of the Act, 1996 the parties are free to choose the place of arbitration.Importantly, it was argued that the word ‘place’ in Section 20 has been used in the sense of the word ‘Venue’. Even if the parties in the present case in clause 15.3 of the Dealership Agreement agreed upon the place of arbitration at ‘Pune’, the word ‘place’ used therein only denotes the venue of arbitration proceedings, which can take place anywhere.The Arguments of the Opposite Party – The counsel for the opposite party argued that Section 20 of the Act, 1996 has given the freedom to the parties to decide the place of arbitration.Further, it was contended that if the parties in the agreement have chosen a particular place as the place of arbitration, only the High Court having territorial jurisdiction over that place would be competent to entertain and decide the application under section 11 for the appointment of the arbitrator.Court’s AnalysisThe Orissa High Court relied on the Supreme Court’s rulings in the case of Indus Mobile Distribution Pvt. Ltd. vs. Datawind Innovations Private Ltd. & Ors., (2017) 7 SCC 678, wherein, the Apex Court had revisited the 5-judge bench decision in the case Bharat Aluminium Company (BALCO) vs. Kaiser Aluminium Technical Services Inc., (2012) 9 SCC 552.In the Case of Indus Mobile (supra), the Supreme Court, while analyzing the definition of the ‘Court’ under Section 2 (1) (e) and Section 20 of the Act of 1996, had categorically held that the moment the seat (of arbitration) is designated; it is akin to an exclusive jurisdiction clause.In that case, the seat of arbitration was decided by the parties to be Mumbai. The relevant clause of the agreement made it clear that the jurisdiction exclusively vests in the Mumbai courts.The Supreme Court held that under the Law of Arbitration, unlike the code of Civil Procedure, which applies to suits filed in courts, a reference to “seat” is a concept by which a neutral venue can be chosen by the parties to an arbitration clause.Further, the Orissa High Court in the present matter also observed that the Supreme Court, in a recently delivered decision in Brahmani River Pellets Limited vs. Kamachi Industries Ltd., (2020) 5 SCC 462, had considered the question as to whether the Madras High Court could exercise jurisdiction under Section 11(6) of the Act, 1996 to appoint the sole arbitrator at the instance of the respondent,? (Despite the fact that the agreement contained the clause that the venue of arbitration shall be ‘Bhubaneswar’).Notably, the appellant in the case had challenged the said order (of the Madras HC) by questioning the jurisdiction of the Madras High Court on the ground that since the parties had agreed that the seat of arbitration shall be at Bhubaneswar, only the Orissa High Court has exclusive jurisdiction to appoint the arbitrator and not the Madras HC.The respondent in the matter argued before the Supreme Court that since the cause of action arose at both the places, i.e., Bhubaneswar and Chennai, both Madras High Court, as well as Orissa High Court, will have the supervisory jurisdiction (However, this argument was not accepted by the Apex Court).The Apex Court in Brahmani (supra) had observed,”Where the contract specifies the jurisdiction of the court at a particular place, only such court will have the jurisdiction to deal with the matter and parties intended to exclude all other courts. In the present case, the parties have agreed that the “venue” of arbitration shall be at Bhubaneswar. Considering the agreement of the parties having Bhubaneswar as the venue of arbitration, the intention of the parties is to exclude all other courts. As held in Swastik, non-use of words like “exclusive jurisdiction”, “only”, “exclusive”, “alone” is not decisive and does not make any material difference.” (emphasis supplied)Significantly, in Brahmani (Supra), the Supreme Court (bench comprising of Justice R. Banumathi and Justice AS Bopanna) held that – when the parties agreed to have the “venue” of arbitration at a particular place, only the High Court which has jurisdiction over the said place can entertain the petition seeking appointment of Arbitrator under Section 11(6) of the Arbitration and Conciliation Act, 1996.Notably, the Orissa High Court in the present matter, cited the ruling of the Supreme Court in BGS SGS Soma JV vs. NHPC Limited, (2020)4 SCC 234 as well, wherein the Apex Court examined Sections 20 and 2(1)(e) of the Act of 1996, in the context of clause 67.3(vii) of the agreement executed between the parties in that case which provided that “Arbitration proceedings shall be held at New Delhi/Faridabad, India”.Following the ratio of the Constitution Bench decision in BALCO case (supra), it was held in BGS SGS Soma (supra) that the test for determination of juridical seat, wherever there is an express designation of a “venue”, and no designation of any alternative place as the “seat”, the seat of arbitration, where alternative venues for the conduct of proceedings are mentioned in the arbitration agreement, shall be determined on the basis of venue chosen for conducting arbitration proceedings, to the exclusion of all other courts, even the courts where part of the cause of action may have arisen.It may be noted that, taking a different view from the Apex Court’s ruling in the case of Union of India v. Hardy Exploration and Production (India) Inc 2018 SCC Online SC 1640, the Supreme Court in BGS SGS Soma (supra) has held that the venue of arbitration will be the juridical seat of arbitration in the absence of contrary intention of the parties.In the Hardy Exploration case (supra), while explaining the difference between ‘Venue’, ‘Place’ and ‘Seat’ of Arbitration, the Supreme Court had held that place of arbitration does not ipso facto assume the status of its seat.A three-judge bench comprising the then Chief Justice Dipak Misra, Justice AM Khanwilkar and Justice DY Chandrachud had observed that ‘venue’ cannot be equated with the seat of arbitration or place of arbitration which has a different connotation.It may be noted that in BGS SGS Soma (supra), it was also observed that the Hardy Exploration case (supra) was not a good law.In view of the above discussion, the Orissa High court in the present matter held that it does not have the territorial jurisdiction to entertain the present petition filed under Section 11 (6) of the Act, 1996, which was accordingly dismissed as not maintainable.Click Here To Download Order[Read Order]Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more