Vijay Mallya plans to sell properties to repay loans
Team Udayavani, Jun 26, 2018, 4:26 PM IST
Bengaluru: Vijay Mallya sought the High Court to give him permission to sell his assets under judicial supervision and repay creditors, including state-run banks.
“UBHL (United Breweries Holding Ltd) has filed an application before the High Court on June 22, setting out available assets of about Rs 13,900 crore,” said Mallya in a letter released here today.
Mallya also said that he had written letters to both the Prime Minister and the Finance Minister on April 15, 2016 to explain his side of the story. “No response was received from either of them,” he said in a statement.
Mallya added, “I have become the ‘Poster Boy’ of Bank default and a lightning rod of public anger”.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Kumaraswamy sheds tears during elections but vanishes when people are in tears: Shivakumar
CM Siddaramaiah promises efforts to include Kannada label on products made in Karnataka
“Chinnara Banna-2024” held successfully in Bantwal
Kharge getting personal on PM’s political observations on Karnataka surprising: BJP MP
K’taka CM Siddaramaiah orders withdrawal of notices to farmers over Waqf land disputes
MUST WATCH
Latest Additions
Shah Rukh Khan turns 59, fans wait outside Mannat to catch superstar’s glimpse
Farooq Abdullah seeks inquiry into spike in terror attacks in Valley since Omar’s swearing-in
Sabarimala pilgrims to get free insurance coverage of Rs five lakh
Delhi: Woman chops off her husband’s private parts
Man who threw stub near CRPF school among 50 questioned, not certain if he triggered blast: police
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.