13 banks move SC to stop Vijay Mallya, but he's already left India

March 9, 2016

New Delhi, Mar 9: A consortium of 13 banks led by State Bank of India approached the Supreme Court on Tuesday to prevent controversial tycoon Vijay Mallya from leaving the country, but they may have left it for too late. Mallya is believed to have left for a foreign destination a few days ago.

mallyaThe banks urged the court to stop him from going abroad as they claimed he owed them over Rs 9,000 crore. The banks were represented by attorney general Mukul Rohatgi, indicating the government was backing the petitioners against Mallya, who recently said he wished to settle in London.

Mallya's spokesperson said she had no information about his whereabouts and that he was communicating only through email. A consortium of 13 banks on Tuesday approached the SC, a day after a Debt Recovery Tribunal (DRT) restrained Mallya from disbursing in any manner Rs 515 crore paid to him by liquor major Diageo for exiting United Spirits. But the tribunal refused an interim order to freeze Mallya's passport.

Mallya has reportedly expressed a desire to settle in London following the Rs 515 crore deal with Diageo, the banks said through attorney general Mukul Rohatgi.

Rohatgi told a bench of Chief Justice T S Thakur and U U Lalit that there was every chance of Mallya slipping out of the country as he had told the media that Diageo would be paying him Rs 515 crore in London as fee for exiting United Spirits.

This is the reason why the petitioners moved the DRT for freezing Mallya's passport, is suance of arrest warrant against him, restraining him from disbursing Rs 515 crore ($75 million) and to seek a direction to Mallya to disclose his entire assets on oath.

The AG said the DRT restrained him from disbursing the amount due from Diageo but did not order freezing of his passport as it failed to appreciate the magnitude of the debt and the possibility of Mallya fleeing the country. The banks then approached the Karnataka High Court for the same relief but did not get any interim order.

After the AG sought an urgent hearing, the CJI posted the petition for hearing on Wednesday. The petitioner banks are SBI, Bank of Baroda, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India, Indian Overseas Bank, Punjab and Sind Bank, Axis Bank, Bank of Baroda, Corporation Bank, Federal Bank and IDBI Bank.

The banks said, "The HC failed to protect the interest of the petitioner banks who are yet to recover an amount in excess of Rs 9,000 crore from Kingfisher Airlines, United Breweries Ltd, Vijay Mallya and Kingfisher Finvest (India) Ltd. "Petitioner banks individually advanced to Kingfisher Airlines loans of thousands of crores of rupees. By way of a Master Debt Recast Agreement (MDRA) of December 21, 2010 and other related documents, the existing lands were restructured and treated as a single facility. United Breweries and Mallya have on December 21, 2010 executed both corporate guarantee and personal guarantee promising repayment of the entire amount due to the banks."

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News Network
June 20,2020

New Delhi, Jun 20: The government-imposed upper and lower limits on airfares may be extended beyond August 24 depending upon how the situation turns out, Aviation Secretary P S Kharola said on Saturday.

The government resumed domestic passenger flights from May 25 after nearly two months of suspension to combat the coronavirus outbreak, but placed lower and upper limits on airfares depending upon the flight duration.

It had said on May 21 that these limits would be in place for a period of three months.

"Depending on how the situation turns out, the fare band may have to adjusted beyond that (August 24) also. But right now, it is only for three months," Kharola said at a press conference here.

International passenger flights continue to remain suspended in the country.

However, the government started Vande Bharat Mission on May 6 to help stranded people reach their destinations through special flights.

Aviation Minister Hardeep Singh Puri said at the conference that during phase 3 and phase 4 of the mission, private domestic airlines have been approved to operate 750 international flights to repatriate people stranded amid the coronavirus pandemic.

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Agencies
July 2,2020

Mumbai, Jul 2: The Shiv Sena on Thursday termed the ban on 59 Chinese apps by the Indian government as a "digital strike" and asked if these apps were a threat to the national security, how did they operate for so many years.

An editorial in Sena mouthpiece 'Saamana' sought to know when did the Centre realise these apps were a threat to the national security.

By banning the Chinese apps, Prime Minister Narendra Modi protected the interests of Indian internet users and his courage has be lauded, the Marathi publication said.

India on Monday banned 59 apps with Chinese links, including TikTok, UC Browser, SHAREit and WeChat, saying they were prejudicial to sovereignty, integrity and security of the country.

"If these apps were a threat to national security, how is it that these apps were functioning without any hurdles for so many years. If the opposition says the government neglected national security,then what will the Centre's stand be?" the Shiv Sena asked.

It said questions should be raised on all the previous governments for "allowing national data to go out of the country".

China has expressed displeasure over the Indian government's decision, the Marathi daily said, adding that Chinese soldiers are "still not ready to leave the Galwan Valley (in Ladakh)".

The Sena said it took the sacrifices of 20 soldiers for the government to realise Indian data was being illegally taken out of the country.

"The government took revenge by a digital strike," it stated.

There have been complaints earlier that users' data on Chinese apps was illegally sent out of the country, and apps like TikTok were "promoting vulgarity", it said.

"Many TikTok stars had reportedly joined the BJP," the Sena claimed. "What will happen to them?" it asked.

There is a need to break China economically, but that will not happen by banning its apps. The issue is about trade and investment between the two countries, it said.

"The largest Chinese investment is in Gujarat.

Chinese company Huawei has got the contract to set up 5G network in India. This company having keys to India's digital economy is akin to the Chinese Communist Party owning the Indian economy in future," it said.

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News Network
January 17,2020

New Delhi, Jan 17: Deputy Chief Minister Manish Sisodia does not have any car on his name, according to information shared in the poll affidavit filed by him for Delhi elections.

In the affidavit, it is also shown that while his self-acquired immovable property remained roughly the same as in 2015. His wife's self-acquired immovable property is worth roughly about Rs 65 lakh, as per his latest affidavit.

In the papers submitted during the nomination for 2015 Delhi polls, the senior AAP leader had declared that he owned a Maruti Swift car of make 2013.

However, in his 2020 affidavit, he has mentioned "nil" in the column for motor vehicles and other means of transport.

In the affidavit submitted on Thursday, his moveable assets were declared worth Rs 4,74,888 for 2018-19, as against Rs 4,92,624 for 2013-14.

In 2015, Sisodia had informed in his affidavit that he had bought a property in Vasundhara, Ghaziabad, worth Rs 5.07 lakh in April 2001. The approximate current market value of self-acquired property in 2015 was Rs 12 lakh.

In his current affidavit, the AAP leader has mentioned the same property. However, the approximate current market value of self-acquired property in 2020 has increased to Rs 21 lakh.

In his affidavit for the 2015 polls, Sisodia had also said that his wife had purchased a property in March 2008 costing Rs 8.70 lakh. At that time, the approximate value of her self-acquired property was Rs 20 lakh.

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