Mallya offers to sell assets to repay bank loans
Bengaluru, June 26 : Fugitive tycoon Vijay Mallya has sought the Karnataka High Court's permission to let him and his holding firm UBHL sell their assets under judicial supervision and repay creditors, including state-run banks.
"UBHL (United Breweries Holding Ltd) and myself have filed an application before the Karnataka High Court on June 22, setting out available assets of about Rs 13,900 crore," said Mallya in a letter released here on Tuesday.
Mallya has requested the court's permission to allow him to sell the assets under judicial supervision and repay creditors, including the state-run banks such amounts as may be directed and determined by the court.
The 62-year-old liquor baron, who fled the country in March 2016, has been living in London since then despite summons from Indian courts and law enforcement agencies to appear before them for trial in various cases.
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Three young women drown to death in resort swimming pool in Ullal
Ullal: Three young women tragically drowned to death in a swimming pool at a private resort in Someshwar, Ullal, on Saturday morning. The deceased have been identified as Keerthana N. (21), Nishita M.D. (21), and Parvati S. (20), all residents of Mysuru, according to the police.
The incident took place at a private resort located in Someshwar village. The three women had arrived at the resort on Saturday, and it was while playing in the swimming pool near the resort’s entrance that the accident occurred.
Ullal police have reached the spot, and an investigation into the incident is underway.
