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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Nine of family killed as car falls into well in Nashik district
Nashik (PTI): Nine members of a family, including six children, were killed after their car fell into a well in Maharashtra's Nashik district, police said on Saturday.
The accident occurred in the Shivaji Nagar area of Dindori town around 10 pm on Friday, an official said.
The victims were heading home after attending a function at a banquet hall in the area when their car fell into a well near the venue, he said.
Personnel from the local police and emergency services arrived at the scene and retrieved the car and its occupants with the help of two cranes and swimmers around midnight.
The victims were members of the Dargude family from Indore village in Dindori taluka, the official said.
According to the police, the deceased were identified as Sunil Dattu Dargude (32), his wife Reshma, Asha Anil Dargude (32), and six children from the family, five girls in the age group of seven to 14 years and an 11-year-old boy.
Their bodies were brought to the government hospital in Dindori, the official said, adding that a case has been registered and a probe is underway to ascertain the cause of the accident.
