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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Explosion heard over Dubai airport followed by cloud of smoke
Dubai: An explosion was heard over Dubai International Airport on Saturday, followed by a cloud of smoke in the air, according to a witness who spoke to AFP, as Iran continued attacks across the Gulf region.
The flight-tracking website Flightradar24 showed several aircraft circling above the airport in what appeared to be a holding pattern.
Meanwhile, the Dubai Media Office said in a post on X that there had been “a minor incident resulting from the fall of debris after an interception.”
In the same post, authorities also denied reports circulating online about a direct strike on the airport.
Further details about the incident were not immediately available.
_vb_93.jpeg)
