Setback to Vijay Mallya as High Court dismisses his petition
Bengaluru, Oct 07: In a setback to Vijay Mallya, the Karnataka High Court on Friday rejected petitions filed by him questioning rejection of his plea by the Debt Recovery Appellate Tribunal (DRAT) and upheld the decision of the DRAT asking Mallya to pre-deposit Rs. 3,101 crore to entertain his appeal against the order of the Debt Recovery Tribunal(DRT).
Division Bench comprising Chief Justice Dinesh Maheshwari and Justice Krishna S. Dixit held that Mr. Mallya and his United Breweries (Holding) Ltd. are jointly and severally liable, as guarantors, to pay the loan amount of Rs. 6,203 crore borrowed by Kingfisher Airlines Limited (KAL).
Mallya had filed an appeal before the DRAT against DRT’s January 19, 2017 order of permitting consortium of banks, led by the State bank of India, to recover the loan amount, payable by the KAL, from its guarantors along with an interest at the rate of 11.5 % per annum on the dues with yearly rests from the date of the application till the date of completion of realization.
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CM Siddaramaiah expresses gratitude ahead of 16th budget presentation
Bengaluru: Karnataka Chief Minister Siddaramaiah taking to his official ‘X,’ account on Friday stated, “Today, I am ready to present the 16th budget of my political career. I am grateful to all the people of Karnataka for giving me the opportunity to present the budget of this state sixteen times.”
“Believing in the aspirations of Buddha, Basava, Gandhi and Ambedkar, and acting accordingly, we have made an effort to take a further step towards realizing the dream of an equal society through this budget. There is no doubt that this budget will be a beacon for the comprehensive development of the state for the next one year,” he added.
ನನ್ನ ರಾಜಕೀಯ ಜೀವನದ 16ನೇ ಬಜೆಟ್ ಮಂಡನೆಗೆ ಈ ದಿನ ಸಿದ್ಧನಾಗಿದ್ದೇನೆ. ಹದಿನಾರು ಬಾರಿ ಈ ರಾಜ್ಯದ ಬಜೆಟ್ ಮಂಡನೆ ಮಾಡಲು ಅವಕಾಶ ನೀಡಿರುವ ಕರ್ನಾಟಕದ ಸಮಸ್ತ ಜನತೆಗೆ ನಾನು ಕೃತಜ್ಞ.
— CM of Karnataka (@CMofKarnataka) March 7, 2025
ಬುದ್ಧ, ಬಸವ, ಗಾಂಧಿ, ಅಂಬೇಡ್ಕರರ ಆಶಯಗಳಲ್ಲಿ ನಂಬಿಕೆಯನ್ನಿಟ್ಟು, ಅದರಂತೆ ನಡೆಯುತ್ತಿರುವ ನಾವು ಈ ಬಜೆಟ್ ಮೂಲಕ ಸಮಸಮಾಜದ ಕನಸನ್ನು ನನಸಾಗಿಸುವತ್ತ… pic.twitter.com/XKr8ghdAId
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