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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Waqf Bill anti-secular, will snatch rights of Muslims: Mamata Banerjee
Kolkata (PTI): West Bengal Chief Minister Mamata Banerjee on Thursday described the Waqf (Amendment) Bill as “anti-secular”, claiming that it would snatch the rights of Muslims.
Banerjee, speaking in the assembly, also said the Centre did not consult with states over the matter.
“The bill is anti-federal and anti-secular; it is a deliberate attempt to malign a particular section. It will snatch the rights of Muslims... The Centre did not consult with us on the Waqf Bill,” she said.
The chief minister added that “if any religion was attacked”, she would wholeheartedly condemn it.
Opposition parties have stridently criticised the amendments proposed by the bill in the existing Waqf Act, alleging that they violate the religious rights of Muslims.
The ruling BJP has asserted that the amendments will bring transparency in the functioning of the Waqf boards and make them accountable.
A parliamentary committee has been constituted to scrutinise the contentious bill.
