Ready to repay loan availed for Kingfisher: Mallya counsel appeals HC not to close UB
Bengaluru, Dec 10: "We are ready to repay the loan availed for Kingfisher Airlines. So, we are appealing against closing United Breweries Holdings Limited (UBHL)", Vijay Mallya counsel appealed the Karnataka High Court.
Following a case filed by the banks to recover the loan amount from Kingfisher, the High Court Single Judge Bench ordered closure of UBHL. But the counsel of Vijay Mallya appealed the HC not to close the UBHL. The HC Divisional Bench headed by Justice L Narayanaswamy heard the case.
Arguing in favour of Mallya, his counsel Sajjan Poovaiah said that the UBHL was ready to repay the loan availed for Kingfisher Airlines. The UBHL property value and shares value was more than Rs 15,000 crore. If they were sold out, they could repay the entire loan amount and even after that they could save around Rs 3,500 crore. With that amount, the UBHL could be operated. So, the HC should stay the closure order, he requested.
The remaining amount would be deposited in the court and the HC has to supervise the loan repayment process, he appealed.
After hearing the argument, the Bench postponed the next hearing of the original application and interim appeal to December 17.
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BESCOM to organise EV expo for Secretariat employees in Jan 2025
Bengaluru (PTI): To encourage the adoption of electric vehicles (EV), Bangalore Electricity Supply Company Limited (BESCOM) announced on Friday that a special EV fair will be organised for the Secretariat employees in January 2025.
During a meeting at the BESCOM office, Managing Director Mahantesh Bilagi said, "The fair is being organised following a directive of Chief Secretary Shalini Rajneesh and will be conducted under the supervision of Energy Minister K J George and Additional Chief Secretary of the Energy Department Gaurav Gupta."
According to him, the event aims to educate attendees about the benefits of environmentally friendly EVs and to encourage the adoption of two-wheeled EVs.
"During the fair, dealer discounts to government employees, particularly those in the Secretariat will also be offered. There will also be opportunities for practical demonstrations of the vehicles at the exhibition site," added Bilagi.
He said the Secretariat employees will also benefit from no down payment and low-interest loans to purchase the EV vehicles.
"EV companies are eager to participate and the sales will extend beyond the exhibition, continuing in the future," the Managing Director said.
The state, particularly Bengaluru, has the highest electric vehicle (EV) users, said Bilagi, adding that to support this, the Energy Department has provided essential infrastructure.
"BESCOM's efforts in promoting EV usage have been recognised with the 'Charge India 2024 Excellence' award. This award is a testament to our commitment to establishing excellent charging facilities. Karnataka has the country's most public electric vehicle charging stations, with a total of 5,765 stations, of which 4,462 are located in the Bengaluru Urban district," said Bilagi.
The Secretariat Employees' Association president Ramesh Sanga and other office-bearers, BESCOM Technical Director H J Ramesh as well as senior officials attended the meeting.
