Latest news with #LMC
Time of India
16 hours ago
- Time of India
Pet dog licence enforcement drive begins
Lucknow: The Lucknow Municipal Corporation launched a licence verification drive for pet dogs in areas like Lohia Park, Virat Khand, Vishal Khand and 1090 Crossing on Saturday morning. During the inspection, six dog owners were fined a total of Rs 30,000 for not having valid licences. Six new licences were issued on the spot, and the total collection of Rs 34,400 was deposited into the LMC treasury. Two dogs — a Golden Retriever and a German Mastiff — were taken into custody and released after fines were paid. The enforcement and dog-catching teams, along with other municipal staff, took part in the operation. Some residents attempted to avoid inspection or persuade officials, while others showed proper documents such as licences and vaccination certificates. LMC officials said that notices would be issued to those who avoided the verification. LMC estimates around 10,000 pet dogs in the city. As per rules, a dog licence is required and is given only after submission of a rabies vaccination certificate and an affidavit confirming compliance with the Dog Control By-laws, 2003. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You To Read in 2025 Blinkist: Warren Buffett's Reading List Undo Dr Abhinav Verma, animal welfare officer, advised pet owners to obtain licences and follow rules during dog walks, including the use of mouth guards and scoopers. "Pet owners can apply for licences online at the LMC website or visit the Animal Welfare Office in Lalbagh on working days. The LMC corporation will continue these checks from time to time," Verma added.
Time of India
2 days ago
- Business
- Time of India
Waste-to-energy plan gets a push after Swachh ranking
Lucknow: Following its third-place ranking in the 'Swachh Shehar' million-plus category of the Swachh Survekshan 2024–25, the city is set to prioritise waste-to-energy (WtE) and sewage treatment initiatives. On her return to the city, Mayor Sushma Kharkwal said the Lucknow Municipal Corporation (LMC) would now focus on the scientific management of solid waste through a WtE plant to be set up at Shivri. The facility will convert refuse-derived fuel (RDF) — made from non-recyclable plastics, paper, cardboard and other combustible material — into electricity. "Our first priority is to establish a waste-to-energy plant in the city to tackle the waste in a scientific way," said the mayor. The city generates 1,000–1,200 metric tonnes of RDF daily, much of which is transported to cement factories about 500 km away. The new plant will reduce these high logistic costs by processing RDF locally. It will be a 15 MW RDF-to-electricity facility, proposed under a public-private partnership using the design, build, finance, operate and transfer (DBFOT) model. The project, estimated at Rs 450 crore, will be developed on 20–25 acres and require about three million litre water per day. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 11 Foods That Help In Healing Knee Pain Naturally Undo The plant, expected to be completed in two years, will generate employment, produce revenue through electricity sale and support carbon credit activities. The mayor emphasised the need to strengthen coordination between the Jal Kal department and LMC to improve the city's sewer infrastructure. "It will curb water pollution," she added. She acknowledged the support of Lucknow MP Rajnath Singh and Chief Minister Yogi Adityanath, stating that their guidance helped turn cleanliness into a public movement. Ministers A K Sharma and Suresh Khanna were also credited for their contributions. Kharakwal attributed the city's top-three ranking to efforts of govt officials, corporators and citizens. The next goal is to make Lucknow the cleanest city in the country through collective efforts, she said.
Business Times
2 days ago
- Business
- Business Times
UOB awarded S$17.7m in civil suit against Lippo Marina Collection over inflated housing loans
[SINGAPORE] UOB has been awarded S$17.7 million in claims against Indonesian developer Lippo Marina Collection (LMC) and two property agents, Goh Buck Lim and Ms Aurellia Ho, in a long-running civil suit that began in 2014. The High Court's assessment of the damages dated Jun 30, 2025, follows a key ruling by the Appellate Division of the High Court, which in 2022, overturned an earlier judgement and found LMC, a unit of Lippo Group, liable for conspiring with the property agents to mislead the bank into disbursing inflated housing loans. The police commenced investigations into LMC following the October 2022 court ruling. The court noted that the conspiracy caused UOB to suffer substantial losses after it financed more than 100 per cent of the purchase prices of 38 condo units in Marina Collection, a high-end waterfront residential enclave developed and sold by LMC. UOB had granted approximately S$182 million in home loans between December 2011 and September 2013 to the purported purchasers of the 38 units, all of whom defaulted on their loans by April 2015. UOB, represented by a legal team led by Eddee Ng of Tan Kok Quan Partnership, had sought to recover S$92 million in losses. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up The court recognised about S$53 million in claims but deducted S$37.2 million to account for repayments and rental income collected by the bank. UOB also received S$2.3 million in statutory interest. LMC is represented by Senior Counsel Siraj Omar of Siraj Omar LLC. The lawsuit centred around a rebate scheme concealed from UOB. The 124-unit Marina Collection in Sentosa Cove was launched for sale in late 2007, but only 42 units were sold by Mar 10, 2011, after a series of cooling measures were introduced. The courts heard that for subsequent condo purchases, LMC gave substantial 'furniture rebates' of 22 per cent to 34 per cent, which were used to offset the cash payments required for the purchases. These subsidies, undisclosed to UOB, led the bank to grant larger loans based on the full sale price stated in the purchase agreements. At the time, banks were allowed to lend up to 80 per cent of the purchase price of a residential property. UOB's loans exceeded the cap based on the inflated purchase prices. The actual purchase prices were significantly lower. The excess was paid to the buyer, so each of them gained a significant cash benefit from the purchase. In a brief judgment assessing damages dated Jun 30, 2025, Justice Aidan Xu found that UOB had suffered losses from the concealment of the subsidy, for which he awarded about S$50.8 million in 'excess loans' losses. This formed the bulk of the damages. UOB was also compensated for lost profits it could have earned through lending its funds to other customers, a component known as the credit spread. The court accepted UOB's evidence that there was sufficient demand for loans. Other awards included S$720,535 for the cost of funding the loans; S$967,093 for the credit spread and S$180,053 for investigation expenses, including staff time and private investigator fees. However, Justice Xu found that UOB had failed to mitigate its losses by not selling the repossessed condo units when there was a recovery in the property market in 2017. 'UOB need not have sold (the units) in the midst of softening conditions, that would have been a risky course of action,' said Justice Xu in his brief remarks. 'But when the market turned in 2017, UOB should have started selling at that point.' He also rejected UOB's argument that it was reasonable to delay mitigation while awaiting the outcome of the lawsuit. 'Wait and see is not what the law requires,' he said. Justice Xu also pointed out that UOB's loss was reduced through mortgage repayments and rent collected from the properties, which amounted to S$37.2 million, and that sum should be deducted from the total award. 'Notwithstanding the award, UOB intends to appeal the decision,' a UOB spokesman said in a statement to The Straits Times. THE STRAITS TIMES
Straits Times
2 days ago
- Business
- Straits Times
UOB awarded $17.7 million in civil suit against Lippo Marina Collection over inflated housing loans
Find out what's new on ST website and app. UOB was also compensated for lost profits it could have earned through lending its funds to other customers, a component known as the credit spread. SINGAPORE - UOB has been awarded $17.7 million in claims against Indonesian developer Lippo Marina Collection (LMC) and two property agents, Mr Goh Buck Lim and Ms Aurellia Ho, in a long-running civil suit that began in 2014. The High Court's assessment of the damages dated June 30, 2025, follows a key ruling by the Appellate Division of the High Court, which in 2022, overturned an earlier judgement and found LMC, a unit of Lippo Group, liable for conspiring with the property agents to mislead the bank into disbursing inflated housing loans. The police commenced investigations into LMC following the October 2022 court ruling. The court noted that the conspiracy caused UOB to suffer substantial losses after it financed more than 100 per cent of the purchase prices of 38 condo units in Marina Collection, a high-end waterfront residential enclave developed and sold by LMC. UOB had granted approximately $182 million in home loans between December 2011 and September 2013 to the purported purchasers of the 38 units, all of whom defaulted on their loans by April 2015. UOB, represented by a legal team led by Mr Eddee Ng of Tan Kok Quan Partnership, had sought to recover $92 million in losses. The court recognised about $53 million in claims but deducted $37.2 million to account for repayments and rental income collected by the bank. UOB also received $2.3 million in statutory interest. The lawsuit centred around a rebate scheme concealed from UOB. Top stories Swipe. Select. Stay informed. Singapore Up to 30% of aviation jobs would have to be redesigned because of AI, automation: CAAS Singapore Alleged Kpod peddler filmed trying to flee raid in Bishan charged with 6 offences Business Global fintech firms expanding in Singapore with larger offices, APAC hubs Singapore 5 foreigners charged over scheme to deliberately get arrested in S'pore to sell sex drugs Life F1 Singapore Grand Prix: Music acts Lewis Capaldi, Clean Bandit, Spice Girls' Melanie C added World Trump threatens to sue WSJ over story on alleged 2003 letter to Epstein Asia Appointment of Malaysia's new chief justice eases controversy over vacant top judge seats for now Singapore SPCA appoints Walter Leong as new executive director The 124-unit Marina Collection in Sentosa Cove was launched for sale in late 2007, but only 42 units were sold by March 10, 2011, after a series of cooling measures were introduced. The courts heard that for subsequent condo purchases , LMC gave substantial 'furniture rebates' of 22 to 34 per cent that were used to offset the cash payments required for the purchase . These subsidies, undisclosed to UOB, led the bank to grant larger loans based on the full sale price stated in the purchase agreements. At the time, banks were allowed to lend up to 80 per cent of the purchase price of a residential property. UOB's loans exceeded the cap based on the inflated purchase prices. However, the actual purchase prices were significantly lower. The excess was paid to the buyer, so each of them gained a significant cash benefit from the purchase. In a brief judgement assessing damages dated June 30, 2025, Justice Aidan Xu found that UOB had suffered losses from the concealment of the subsidy, for which he awarded about $50.8 million in 'excess loans' losses. This formed the bulk of the damages. UOB was also compensated for lost profits it could have earned through lending its funds to other customers, a component known as the credit spread. The court accepted UOB's evidence that there was sufficient demand for loans. Other awards included $720,535 for the cost of funding the loans; $967,093 for the credit spread and $180,053 for investigation expenses, including staff time and private investigator fees. However, Justice Xu found that UOB had failed to mitigate its losses by not selling the repossessed condo units when there was recovery in the property market in 2017. 'UOB need not have sold (the units) in the midst of softening conditions: that would have been a risky course of action,' said Justice Xu in his brief remarks. 'But when the market turned in 2017, UOB should have started selling at that point.' He also rejected UOB's argument that it was reasonable to delay mitigation while awaiting the outcome of the lawsuit. 'Wait and see is not what the law requires,' he said. Justice Xu also pointed out that UOB's loss was reduced through mortgage repayments and rent collected from the properties, which amounted to about $37.2 million and that sum should be deducted from the total award. 'Notwithstanding the award, UOB intends to appeal the decision,' a UOB spokesman said in a statement to The Straits Times.
Time of India
2 days ago
- Politics
- Time of India
Swachhbuckling show: LMC's waste mgmt and green initiatives
1 2 3 4 Lucknow: The city's third-place finish in the national Swachh Survekshan 2024-25 isn't just a symbolic win — it's the result of major structural reforms, technological integration, and active citizen engagement led by the Lucknow Municipal Corporation (LMC). Here's a breakdown of the work that earned the city its high ranking. The city's strong performance can be attributed to several key initiatives, including the daily processing of 2,100 tonnes of fresh waste at Shivri and the clearance of 6.5 lakh tonnes of legacy waste. Organic waste is managed through composting and Bio-CNG/Bio-CBG plants. A fleet of over 1,250 electric vehicles collects waste in real-time, while public awareness campaigns reached 4 crore people. Additionally, a C&D waste plant and zonal centres were established, 3.5 lakh saplings were planted, and over 250 open gyms were developed, transforming former dump sites into recreational spaces. The introduction of 96 electric sweepers reduced PM10 levels by 41%. The city also showcased sustainability by building roads with plastic waste and creating furniture from seized single-use plastic. Speaking to TOI, mayor Sushma Kharkwal said, "Securing the third place nationally and first in Uttar Pradesh in Swachh Survekshan 2025 is a proud moment for Lucknow. This achievement reflects the commitment of citizens, sanitation workers, and LMC officials. I thank defence minister Rajnath Singh, CM Yogi Adityanath, and ministers AK Sharma and Suresh Khanna for their support. This recognition inspires us to aim higher and lead by example in urban transformation. " Discussing the future plan, the mayor said, "In the next six months, we will install compact garbage transfer stations to prevent garbage from being dumped in the open. We will also expedite the process of making a waste-to-energy plant soon for the city to make it 100% garbage-free." Former LMC commissioner Inderjit Singh, who played a vital role in making the city's sanitation plan and its execution, said, "It's the achievement of the entire LMC officials and workers. There is a lot more to be done for the city, including increasing more green cover, source segregation of garbage, and e-waste management." Additional municipal commissioner Arvind Kumar Rao said, "It's just an example of the participation of the public and municipal corporation partnership. We have included the best techniques in garbage management and sanitation." Municipal commissioner Gaurav Kumar stated, "Door-to-door garbage collection is at 100%. To improve it, user charges have been added to house tax, helping track service coverage and payments. Citizen participation is key to top rankings. The Shivri waste plant will be cleared and converted into a park. " Masood Mallick — CEO of Re Sustainability Ltd, the company running Lucknow Swachhata Abhiyan (LSA) — said: "EV-based smart collection vehicles, India's first IoT-enabled electric street sweepers, modern fixed compactor stations, and a central Command and Control Centre to track performance and optimise services in real time helped Lucknow achieve the swachch ranking."
