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
Voting only on caste-basis will hinder social change: CM Siddaramaiah
Siblings found dead under mysterious circumstances in Bengaluru
Karnataka HC denies anticipatory bail to Prajwal Revanna in sexual harassment case
Karnataka bypolls: Outcome crucial for both ruling and oppn camps
Belagavi: Was youth killed for an iPhone? Police launch intensive probe
MUST WATCH
Latest Additions
Voting only on caste-basis will hinder social change: CM Siddaramaiah
SC notice to Gyanvapi mosque committee on plea for ASI survey of ‘shivling’ area
Sony India bags ACC media rights for eight years
Siblings found dead under mysterious circumstances in Bengaluru
Karnataka HC denies anticipatory bail to Prajwal Revanna in sexual harassment case
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.