[SARFAESI] Time Limit Stipulation For District Magistrates To Deliver Possession Of Secured Asset Is Not Mandatory: Supreme Court [Read Judgment]

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first_imgTop Stories[SARFAESI] Time Limit Stipulation For District Magistrates To Deliver Possession Of Secured Asset Is Not Mandatory: Supreme Court [Read Judgment] Ashok Kini5 Nov 2020 6:34 AMShare This – xThe Supreme Court has held that time limit stipulation in Section 14 of the SARFAESI Act mandating the District Magistrate to deliver possession of a secured asset, is directory and not mandatory and that the inability to take possession within time limit does not render the District Magistrate Functus Officio.The bench comprising Justices L. Nageswara Rao, Hemant Gupta and Ajay Rastogi upheld…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court has held that time limit stipulation in Section 14 of the SARFAESI Act mandating the District Magistrate to deliver possession of a secured asset, is directory and not mandatory and that the inability to take possession within time limit does not render the District Magistrate Functus Officio.The bench comprising Justices L. Nageswara Rao, Hemant Gupta and Ajay Rastogi upheld a judgment of Division Bench of Kerala High Court which held that Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,  mandating the District Magistrate to deliver possession of a secured asset within 30 days, extendable to an aggregate of 60 days upon reasons recorded in writing, is a directory provision.Section 14 of the Act provides the procedure for Chief Metropolitan Magistrate or District Magistrate to assist secured creditor in taking possession of secured asset. The proviso empowers the authority to pass suitable orders for the purpose of taking possession of the secured asset within a period of thirty days from the date of application. Second Proviso states that, if no order is passed by the Chief Metropolitan Magistrate or District Magistrate within the said period of thirty days for reasons beyond his control, he may, after recording reasons in writing for the same, pass the order within such period not exceeding in the aggregate sixty daysTo hold that this stipulation is not mandatory, the High court had noted that, it is not the borrower, guarantor or lessee, who will be adversely affected or prejudiced, in any manner, whether such applications are decided in 60, 70 or 80 days, but it would be the secured creditor who will be adversely affected if the provision is construed as mandatory and not directory. The court held that such a construction would delay the process of taking physical possession of assets instead of expediting such process by entailing the filing of another application for such purpose.Agreeing with this view, the bench observed that the time limit stipulation is to instill a confidence in creditors that the District Magistrate will make an attempt to deliver possession. It also rejected the contention of the appellant that if the District Magistrate is not able to take decision within 60 days, the secured creditor has to find its remedy elsewhere and not in terms of Section 14 of the Act. The court said:”Keeping the objective of the Act in mind, the time limit to take action by the District Magistrate has been fixed to impress upon the authority to take possession of the secured assets. However, inability to take possession within time limit does not render the District Magistrate Functus Officio. The secured creditor has no control over the District Magistrate who is exercising jurisdiction under Section 14 of the Act for public good to facilitate recovery of public dues. Therefore, Section 14 of the Act is not to be interpreted literally without considering the object and purpose of the Act. If any other interpretation is placed upon the language of Section 14, it would be contrary to the purpose of the Act. The time limit is to instill a confidence in creditors that the District Magistrate will make an attempt to deliver possession as well as to impose a duty on the District Magistrate to make an earnest effort to comply with the mandate of the statute to deliver the possession within 30 days and for reasons to be recorded within 60 days. In this light, the remedy under Section 14 of the Act is not rendered redundant if the District Magistrate is unable to handover the possession. The District Magistrate will still be enjoined upon, the duty to facilitate delivery of possession at the earliest.”Interim orders should generally not be passed without hearing the secured creditorThe court also observed that the High Courts should be extremely careful and circumspect in exercising its discretion to grant stay in SARFAESI Matters. While upholding the High Court judgment, the court said:”Even though, this Court in United Bank of India v. Satyawati Tondon & Ors. held that in cases relating to recovery of the dues of banks, financial institutions and secured creditors, stay granted by the High Court would have serious adverse impact on the financial health of such bodies/institutions, which will ultimately prove detrimental to the economy of the nation. Therefore, the High Court should be extremely careful and circumspect in exercising its discretion to grant stay in such matters. Hindon Forge Private Limited has held that the remedy of an aggrieved person by a secured creditor under the Act is by way of an application before the Debts Recovery Tribunal, however, borrowers and other aggrieved persons are invoking the jurisdiction of the High Court under Articles 226 or 227 of the Constitution of India without availing the alternative statutory remedy. The Hon’ble High Courts are well aware of the limitations in exercising their jurisdiction when affective alternative remedies are available, but a word of caution would be still necessary for the High Courts that interim orders should generally not be passed without hearing the secured creditor as interim orders defeat the very purpose of expeditious recovery of public money.”Case: C. BRIGHT vs. THE DISTRICT COLLECTOR [CIVIL APPEAL NO. 3441 OF 2020]Coram: Justices L. Nageswara Rao, Hemant Gupta and Ajay RastogiClick here to Read/Download JudgmentRead JudgmentNext Storylast_img read more


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first_img“Harrison has always had my back and although we will no longer be working together after mutually deciding to part ways; our relationship will always be bigger than basketball,” Ball said in a statement to ESPN.com.MORE: LeBron proud of Lonzo taking control of situation Lonzo Ball is in the market for a new agent. The Lakers guard on Thursday severed ties with Harrison Gaines.Ball and Gaines termed the parting mutual, ESPN.com reported, and Ball told the website the decision was not related to his lawsuit against Alan Foster, who co-founded the Big Baller Brand apparel company with Ball’s father, LaVar. Lonzo Ball was Gaines’ first client, ESPN.com noted, dating to Ball’s time at UCLA. Gaines now operates his own agency, SLASH Sports.The younger Ball, 21, is accusing Foster of stealing $1.5 million from Big Baller; Lonzo Ball owns 51 percent of the company, according to documents obtained by ESPN. Ball severed ties with Foster last month as reports of Foster’s alleged embezzlement were being published.Foster owns 16.3 percent of Big Baller Brand, according to reportslast_img read more


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first_imgThe newly refurbished library at Cuttington University The United States Agency for International Development (USAID), on Thursday, May 30, 2019, handed over a newly renovated library and five new staff housing units to the Cuttington University (CU) in Suacoco, Bong County, USAID said in a release.According to the release, the construction of the housing units and library expansion is part of USAID’s support to institutions of higher learning in the country to deliver quality learning opportunities.USAID Liberia Mission Director, Dr. Anthony S. Chan, who dedicated the facilities, said the housing units will provide improved staff accommodation and help attract quality academic and other staff to the university.He added that the expanded library will allowed for increased library services to Cuttington’s increasing student population.Dr. Chan recalled how USAID has supported the construction of other facilities at various academic and other institutions in Liberia. In particular, he said that the agency had funded the construction of annexes to community colleges in Lofa, Nimba and Bassa counties, and provided those colleges with up-to-date laboratory equipment and training.Additionally, the mission has also constructed a new multiple classroom building for the Liberia Institute of Public Administration (LIPA) and supported the renovation of the University of Liberia (Fendell Campus) Engineering Building.Dr. Chan looks on as Cuttington University president Dr. Herman Browne cuts the ribbon to one of the facilities.Chan then thanked the Cuttington University administration and students for the cooperation, without which, the project would not have been successfully completed.The President of Cuttington University, Dr. Herman Browne, expressed gratitude to the United States Government through USAID for its numerous support to the university.At Cuttington, USAID has supported the establishment of three laboratories, and two modern computer resource centers at the College of Agriculture and Sustainable Development, and also provided scholarships for students in the college.Over the years, USAID/Liberia through various projects, including its now closed Excellence in Higher Education for Liberian Development (EHELD) project, worked to expand access, improve quality, and enhance the relevance of higher education programs in the country.Through these projects, significant improvements have been made to facilities at Liberia’s leading universities, which include the provision of new computer, science, and outdoor laboratories, Internet facilities; renovated classrooms and thousands of textbooks.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more


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first_imgA Donegal Garda sergeant has been awarded a total of €45,000 after he was attacked outside a Letterkenny nightclub.Sgt Aidan Doherty was stabbed by a man using a Stanley knife.The Garda feared he was going to bleed to death, the High Court in Dublin has heard. Sgt Aidan Doherty said the man produced a Stanley knife, lashed out at him and cut an artery in his right arm as he and security men tried to subdue him on the footpath outside Voodoo Night Club in August 2011.He told Ms Justice Mary Irvine in a Garda Compensation Hearing in the High Court there was no first aid equipment available to him.He could only stem serious bleeding to a wound on his arm by applying pressure to it.Judge Irvine awarded him €25,000 damages for pain and suffering to date and a further €20,000 damages to compensate for pain and suffering into the future, a total of €45,000.A man has previously appeared at Letterkenny Circuit Court in court in relation to the attack.DONEGAL GARDA GETS €45,000 AFTER BEING STABBED OUTSIDE LETTERKENNY NIGHTCLUB was last modified: February 11th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Aidan DohertyHIGH COURTSTABBEDVOODOO NIGHTCLUBlast_img read more


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first_img17 June 2014 A Memorial Acre was officially opened in Soweto on Monday, the 38th anniversary of the June 16, 1976 Soweto Uprising in which hundreds of schoolchildren lost their lives while protesting against the apartheid state’s imposition of Afrikaans as a medium of instruction in schools. Gauteng Infrastructure Development Minister Nandi Mayathula-Khoza – who took part in the uprising at the age of 14 – said the opening of the Memorial Acre marked “a giant step in commemorating our liberation. It evokes nostalgia and is also a powerful indicator of the strides we have made together as a people, government and country.” The R48-million Memorial Acre, which houses the June 16 Memorial and Youth Institute, is situated opposite the Morris Isaacson High School in White City, Jabavu, where the 1976 students’ protest is said to have gained momentum after starting at Naledi High School at the south-western end of the township. According to the Gauteng provincial government, the institute will serve as a centre of memory and a resource for community development, with various youth programmes set to be run from the institute. The institute will partner with universities to develop an accessible June 16th historical reference centre, while offering support programmes, leadership training and mentoring to out-of-school youth to help them acquire skills and jobs. The two-storey Youth Institute is designed in the shape of an AK-47 rifle, a symbol of the struggle against apartheid. Next to the memorial, a statue of Tsietsi Mashinini, one of the student leaders of the Soweto uprising, has been erected. The entrance to the institute has a section of glazed steel bearing the words: “Struggle, Liberty, Freedom, June 16, Memorial Acre, Youth and Rise”. The site is enclosed by a Memorial Wall depicting the history of the area and the events of June 16, 1976. Community artists supplied all the artwork on the grounds of the institute, and 192 previously disadvantaged beneficiaries received work and training during the course of the project. Source: SAnews.gov.zalast_img read more


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first_imgWhy Tech Companies Need Simpler Terms of Servic… Related Posts Microsoft just released a major update to Bing Maps. Bing Maps now offers draggable routes that are computed dynamically, a zoom bar, embeddable maps, smarter command parsing and a redesigned interface. The new version of Bing Maps also loads faster. Microsoft now hosts the service in 7 data centers around the world and the Bing team has brought the size of the default Bing Maps home page down from 678kb to 484kb. Just like Google Maps, Bing Maps now also understands more complex queries like “Bellevue, WA to Space Needle.” Draggable RoutesDraggable routes are nothing new, of course. Google Maps has offered this feature for quite a while. Compared to Google Maps, the Microsoft implementation of this feature is slightly more difficult to use. Google Maps always displays a little button on a route that moves relative to the user’s cursor. On Bing Maps, users have to be more precise when it comes to grabbing a point on their route where they want to deviate from the computed route. Still, this is a welcome addition to Bing Maps. Top Reasons to Go With Managed WordPress Hosting Tags:#Microsoft#news#web A Web Developer’s New Best Friend is the AI Wai… 8 Best WordPress Hosting Solutions on the Market frederic lardinois EmbedsEmbedding Bing Maps is now as easy as clicking one button and copying and pasting the embed code. The best feature here is the ability to customize these embeds. Users can select different sizes, whether to display a static or draggable map, as well as different map styles (road map vs. satellite imagery). Bing Maps also generates a link to the map that can be shared by email.View Larger MapDriving DirectionsView Bird’s EyeAs Google continues to enhance its mapping products and now even produces its own map data in the US, Bing Maps and others will have to stay on their toes. This update to Bing Maps mostly brings Microsoft back on par with Google with regards to features. Bing always offered a number of features that Google didn’t offer, including high-resolution aerial photos, and a Google Earth-like 3D view with 3D models in the browser. Currently, however, Google is adding more features (like traffic for more roads) and improving its maps at a faster rate than anybody else and it will be interesting to see if Microsoft will be able to keep up with this pace.last_img read more


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first_imgFrom The Man in the High Castle to Happy!, cinematographer Gonzalo Amat shares the who, what, and why behind the production’s creative choices.The Man in the High Castle. Photo by Liane-Hentscher (© Amazon-Studios).PremiumBeat: The Man in the High Castle treads the line between history and fantasy. How did a revisionist view of world events affect the choices you made in lighting, composition, and the desaturated color palette?Gonzalo Amat: It determined those choices one-hundred percent. We were constantly trying to convey the bleakness of an authoritarian world through all those visual choices. As the seasons progressed, we played more with counterpoint, where within the same palette, we made it more of a classic Norman Rockwell world. Sometimes, this would relate to the audience as seeing a version of their ideal past, but with our alternate history.PB: The show debuted prior to the 2016 U.S. election. You could say, thematically, what’s being explored are the values of a fascist society. Has the current political climate affected the creative choices you’ve made behind the lens?GA: As the current political climate has evolved, it has made the show more relevant, and there has been more responsibility behind the choices and how we convey the world in the series. Our deep story has always been about hope and human nature seeking freedom, so those themes gained a lot of strength with all the emerging authoritarian regimes and extreme politics around the world. I would say that the present situation has shaped the visuals of this project, as we see images of victims of these political landscapes that end up affecting how we see the world. On a personal level, I have used those images to try to echo the current situation to the visuals in our story in The Man in the High Castle.The Man in the High Castle. Photo by Liane-Hentscher (© Amazon-Studios).PB: You’re nominated for a Primetime Emmy for Outstanding Cinematography for a Single-Camera Series (one hour) and an ASC Award for the episode “Jahr Null.” What do you think it was about that particular episode that inspired the nominations?GA: I think it might have to do with the variety of atmospheres that we were able to play with, from a simple scene with two characters saying goodbye because they can’t be together (which was emotional), all the way to a depiction of a dimension travel portal, and how we visualized it through light. I think maybe that range of visual storytelling was, in part, what earned it nominations. From the original script, I knew it would be a great episode because of the variety and the strong emotional content, which is always great to illustrate visually. I also think it’s because on the main set piece of the episode, the audience has been waiting to see what this travel is, and through those scenes we were able to convey something that matched their expectations.Happy! Photo by Syfy (© 2017 Syfy Media LLC).PB: Happy! is a delirious, quirky, noirish action comedy. How did you approach shooting something so totally unique and outrageous?GA: On Happy!, there was the original graphic novel to work off of. So, in a way, there was some guide of what the basic visuals were. But Brian Taylor and Grant Morrison, who wrote the book, wanted to experiment with a lot more color and grittiness than the original novel, so that was the base for our visuals. From there, we looked at a lot of classic night New York movies. With me being from there and frequently exploring the night with my stills camera, it felt very familiar, immediately. Then, there is the delirious element (like you mentioned), which was a lot of fun to illustrate the main character’s state of mind, almost hallucinatory, when Happy! appears.Then, through a mix of gritty realism, and some hyper-stylized camera movement and lighting, the final look emerged. It was fun to experiment with a different style, even though the main concept of both was being visually expressionistic.Carrie Pilby (via The Orchard).PB: Susan Johnson directed the indie comedy, Carrie Pilby. The film was written by Kara Holden and Caren Lissner and produced by a majority of women. That’s pretty unusual to have most of the creative stakeholders be female. Did you find any differences in the working environment or the way you collaborated on the material?GA: Not really. I have worked with a lot of female directors, and I would say that the main difference is that they tend to be more prepared than the male counterparts, being that they are more under scrutiny than male directors. I haven’t found any difference in working with female directors, I think it’s more about the personality of the person and level of experience. That film was very special, and what we achieved — with very little — is great.Gonzalo Amat. (Photo by Lucas-Guardia.)PB: Any advice you’d offer a young cinematographer — creatively and professionally — that you wished you’d known when you first pursued a career?GA: All of this: be patient. This is like a marathon without a finish line. You never really “make it,” so make it more about the process than the result. Talent is not really the determining factor in getting jobs. I know a lot of talented filmmakers that don’t get breaks, so always make the best out of the opportunities that come up. Reputation builds up more than you would think, so make sure you project the image you want to project. Be a team player. A film or TV or commercial project is not about you, it’s about the story or the subject, so make sure you don’t make it about you. Listen to your crew and team; most likely they have been on more sets than you and have seen solutions to common problems. Learn to listen carefully to the director and actors, and ask questions. If you make it about the story, you can’t go wrong. Be grateful and be nice, you get more from people like that.Looking for more industry interviews? Check these out.CGI, 3D Scans and Live Action with the Image Creators at Saddington BaynesGotham Chopra on Following Stephen Curry for Facebook WatchIndustry Interview: DJ Stipsen, DP of “What We Do in the Shadows”Industry Interview: “Whiplash” Production Designer Melanie JonesComposer David Schwartz on VEEP, The Good Place and Arrested Developmentlast_img read more



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first_imgTransfers Chelsea January transfer news LIVE: Christensen signs new deal for Blues Goal Last updated 1 year ago 03:20 1/10/18 FacebookTwitterRedditcopy Comments(0) Transfers Chelsea Premier League Goal brings you all the latest news, rumours and deals related to the Blues as the January transfer window heats up Christensen signs new Chelsea contractAndreas Christensen signed a new four-and-a-half-year contract with Chelsea, the club announced Tuesday.The 21-year-old defender has been a solid player for Antonio Conte’s side this season, making 22 appearances so far.The new deal will keep him at Stamford Bridge until 2022, after he initially signed with the Blues in 2012 and spent the last two seasons on loan at Borussia Monchengladbach. Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Check out the full story right here on Goal! Sandro asking price frustrates ChelseaAlex Sandro BrazilChelsea’s efforts to land Alex Sandro are being frustrated by the high asking price Juventus have slapped on their player, claims the Telegraph .Sandro has long been a target for Antonio Conte, who is keen to bolster his options at the back. But Juve reportedly are holding out for £60 million, a fee the Blues are not willing to match.Chelsea, Arsenal & Man Utd battle for BaileyLeon Bailey, Bayer Leverkusen, 17/18Chelsea, Manchester United and Arsenal are set to battle for the signature of Leon Bailey, according to the Mirror .The Bayer Leverkusen winger is likely to command a fee of more than £40 million, although his club are reluctant to sell.Mourinho tells Man Utd: Buy Kante or I’m offAlex Iwobi N'Golo Kante Arsenal ChelseaJose Mourinho has demanded Manchester United buy N’Golo Kante if they want him to stay at the club, states Don Balon .The Chelsea star is now considered one of the world’s finest defensive midfielders, and his talents have left Mourinho as a keen admirer.Madrid looking to sign Marcos AlonsoMarcos Alonso Chelsea 2017Real Madrid president Florentino Perez is considering replacing Marcelo with Chelsea’s Marcos Alonso, according to Don Balon .Los Blancos are ready to overhaul their roster and move on from the Brazilian left-back, who turns 30 in May.Alonso reportedly would be brought in to split minutes with 20-year-old Theo Hernandez.Ronaldo prefers Chelsea moveCristiano Ronaldo, Real MadridCristiano Ronaldo would prefer a move to Chelsea as he weighs up leaving Real Madrid, according to  Don Balon .The Portuguese continues to be linked with a move away from Santiago Bernabeu, with the Blues among those that have expressed an interest.Should he depart Ronaldo wants a move to the Premier League, and with Manchester United seemingly not interested in bringing him back to Old Trafford Chelsea are set to be the next best option.Sevilla want Batshuayi on loanMichy Batshuayi SevillaSevilla are keen on taking Chelsea striker Michy Batshuayi on loan for the rest of the season, Goal understands.The Blues striker has seen his opportunities limited at Stamford Bridge under Antonio Conte and could make the move to La Liga as he looks for more starts in a World Cup year. Check out the full story right here on Goal! Chelsea defender to join Sunderland on loanJake Clarke-Salter ChelseaYoung Chelsea defender Jake Clarke-Salter has joined Sunderland on loan for the rest of the season.The 20-year-old was a member of the England Under-20 side to win the World Cup last summer but has made just one first-team appearance under Antonio Conte this season.Read the full story on Goal! Chelsea won’t sell Loftus-CheekRuben Loftus-Cheek Crystal PalaceChelsea have no plans to sell Ruben Loftus-Cheek after Crystal Palace expressed an interest in signing the midfielder on a permanent basis, according to the  Evening Standard . Loftus-Cheek is impressing on loan at Selhurst Park and Palace boss Roy Hodgson is keen to keep hold of the England international , if Chelsea are prepared to sell.However, despite boosting their midfield options further with the £15 million signing of Ross Barkley from Everton , the Premier League champions have no intention to let Loftus-Cheek leave permanently.last_img read more


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first_imgTORONTO – It would be easy to mistake the lobby of the One o One condos in midtown Toronto for a nightclub or graffiti-splashed alley.Instead of the muted colours and cookie-cutter designs that fill many condo buildings, developer Camrost Felcorp hired Toronto artist Anthony Ricciardi to create seven murals splattered with bright paint and a rainbow of drip marks.The flashy pieces put the building in a growing group of condo complexes whose hallways, lobbies and outdoor grounds are being emblazoned with massive murals, ornate sculptures or dozens of commissioned art pieces or custom photographs.Among the installations that have cropped up outside Toronto condos in recent years are a set of tall jagged red posts, a blue tangled rubber band-like sculpture and a handful of white whirlpool installations.Real estate veterans say such art is an attempt by developers to bring a community feel to shared spaces, but also a bid to attract buyers. Large installations are popping up at an increasing rate, they say, because many developers are realizing their benefits after the city started encouraging builders to allocate a minimum of one per cent of every project’s construction costs on public art.Ricciardi, a corporate finance worker in the real estate industry who only recently decided to pursue his art full-time, said so far developers have been a boon for business.“In the next two years I have four major projects with developers and they will all include sculptural and interior work,” he said. “Developers have been doing this forever, but I don’t think enough artists or people know about it.”Heela Omarkhail, senior manager of strategic initiatives at developer the Daniels Corp., agreed, saying her company has been attempting to raise awareness of art in the condo world by collaborating with local artists, especially those early in their careers.Daniels turned to such artists for the two-tower, One Park Place development in Toronto’s downtown Regent Park neighbourhood. In the north tower alone, it commissioned more than 25 pieces of local art, including four sculpture installations, that filled lobbies, hallways, amenity spaces, the party room and even change rooms.In another of the company’s Regent Park buildings, Omarkhail said Daniels hung in the lobby a quilt called Regent Park: A Love Poem — a nod to the fact that it was patched together by locals who wanted to be part of the community’s revitalization.To highlight such pieces, Daniels often keeps the art behind a black sheath for weeks during move-in before unveiling it at an open-house night, where artists mingle with residents.It’s even taken art to the next level by partnering with Artscape, a not-for-profit organization, to put together a musical production starring theatre stars and Regent Park locals.It is “hard to say” whether the production or condo art convinces buyers to purchase a property, but Omarkhail figures it at least “enhances the relationship between the buyer and the building because…every art piece or plaque has a story.”“Their sense of home isn’t the four walls of their unit,” she said.“It extends beyond into those common spaces and really changes the feeling when you arrive in that building.”David Moos, an art consultant for Camrost Felcorp and a former curator at the Art Gallery of Ontario, said in the development realm he is seeing a “widespread consciousness” around the value of art that includes both high-end, fine art and low-end pieces he calls “decorative.”The average person won’t instantly see and know how acclaimed a piece of fine art is just by looking at it, but even having art in a condo building could contribute to how world-class the city it is in is perceived to be, he said.“Some developers take pride in propelling Toronto forward and have realized the role that fine art can play and want to participate in enhancing the urban environment in the most ambitious, sophisticated and impactful way,” he said.“Toronto deserves the best, most original and inspiring art and developers can participate in making that happen.”last_img read more