Hubballi's businessman buys Mallya's 2 luxury cars for mere Rs 1.58 lakh

DHNS
August 28, 2017

Hubballi, Aug 28: Good times have begun for Hubballi's businessman Hanumantha Reddy as he purchased two cars belonging to liquor baron Vijay Mallya, at Rs 1.58 lakh through an online auction. The original cost of those cars were Rs 53 lakh, when Vijay Mallya purchased them years ago.

He paid Rs 40,000 for a 2002 Hyundai Sonata (MH 01 DA 7227), while the 2003 Hyundai Acord 2.4 AT (MH 01 DA 1235) was purchased at Rs one lakh. Remaining amount was paid as taxes.

The two cars were put on online auctioning by United Spirits Company in January after the liquor baron failed to repay the loans taken from various banks. Hanumantha, who has a hobby of collecting second hand cars, bid for the car online purchased it in May. Now they have been delivered to him. While one of the cars came from Bengaluru, the second car was delivered to him from Mumbai.

Both the cars are said to be in good condition, and with news of him purchasing Mallya's car spreading like a wildfire in the city, there has been a demand for those cars now. “People are asking me to resell those cars and they are ready to pay higher price than what I paid for them,” he said.

He said people are ready to pay Rs 2.5 lakh for the Hyundai Sonata, which is golden colour and the second car is currently fetching him Rs 4.5 lakh. However, he has not yet made up his mind to sell these cars.

Comments

Ashish
 - 
Monday, 28 Aug 2017

Ideally the proceeds should go to the banks.

Sukesh shetty
 - 
Monday, 28 Aug 2017

Bidding for his villa is different from bidding for his cars - People will think in a different way to buy a villa if priced low and not even 10 % of the loan can be recovered

Suresh Kamath
 - 
Monday, 28 Aug 2017

When the Owners of such Fleet of Cars is the infamous Mallya how come such demands for Cars at such exorbitant Prices are placed and Villa and other Estate NO ONE is coming ahead to bid ???How come such Money is collected /pocketed by some one other than Banks ??Courts MUST direct such Money collected to repay the outstanding Debts of the Owners and NEVER be pocketed as PRIZE for some other Owner

Nirmal
 - 
Monday, 28 Aug 2017

Hope for better recovery

Mohan
 - 
Monday, 28 Aug 2017

only peanuts compared to what he owes..

Sudeep
 - 
Monday, 28 Aug 2017

Simple... Vijay Mallya needs money to survive... He will auction the cars first.... People buying Mallya''s cars !!!! These will ply on roads only if you put liquor on the fuel tanks....

Pradeep acharya
 - 
Monday, 28 Aug 2017

Rise and heavy fall of a famous-infamous prodigal. Those property become the destructive prosperity for this lustrous man

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News Network
May 13,2020

Bengaluru, May 13: Former chief minister and senior Congress leader Siddaramaiah on Wednesday called the measures announced by Finance Minister Nirmala Sitharaman as 'disastrous' and said it is 'non-existent' in terms of benefits to poor migrants, labourers, contract employees and farmers.

"The first set of measures announced by @FinMinIndia @nsitharaman, after 8 PM speech by @narendramodi, is disastrous & non-existent in terms of benefits to poor migrants, labourers, contract employees, farmers, etc," Siddaramaiah said in a tweet.

The Congress leader said most of the intended benefits may not reach the end recipient.

This comes a day after Prime Minister Narendra Modi announced a Rs 20 lakh crore special economic package to revive the COVID-19 hit economy.

"The contribution by the government for the schemes announced are mostly notional and less of actuals and the devil lies in the detail," the Congress leader said in another tweet.

After Sitharaman announced support measures for MSMEs, Siddaramaiah said, "The credit infusion to MSMEs may help them clear dues to vendors but it is doubtful if they shall utilise the credit available to pay their labourers & to prevent job cuts. @FinMinIndia should have taken measures to pay part of the salaries to the employees in MSMEs."

Further questioning the Centre on 'ignoring the spending for boosting consumption', Siddaramaiah said, "The government is interested in capital infusion in the form of credits but totally ignorant of the actual spending that needs to be done to boost consumption. How can credit be considered as government spending?"

Siddaramaiah said the next set of measures should benefit the marginalised sections.

"Will be looking forward to next set of measures & I hope it will be something to benefit the marginalised sections. Direct benefits to the poorest sections will help them survive this pandemic. COVID-19 fight should not be another perception battle but a real one," he added in another tweet.

Sitharaman earlier announced Rs 3 lakh crore collateral-free automatic loans for businesses, including MSMEs.

Besides this, she also stated that to provide stressed MSMEs with equity support, the government will facilitate the provision of Rs 20,000 crore as subordinate debt.

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News Network
July 16,2020

New Delhi, Jul 16: India’s Covid-19 tally on Thursday jumped to 968,876 after the country reported highest-ever single-day spike in coronavirus cases registering 32,695 new infections in the last 24 hours. According to the government data, India’s Covid-19 death toll stands at 24,915 after 606 fresh fatalities were reported in the last 24 hours.

The number of recovered patients in India stands at 612,814. On Wednesday, the government said that a record 20,572 patients recuperated from Covid-19 disease in the last 24 hours (between Tuesday and Wednesday), taking the country’s recovery rate to 63.24 percent.

While the Covid-19 tally runs in lakhs in states like Maharashtra, Delhi and Tamil Nadu, other states have been reporting a surge in coronavirus infections. Karnataka has reported over 47,000 coronavirus cases till date but its active cases are more that of Delhi. It has overtaken Gujarat as the fourth worst-hit state in the country. Gujarat’s Covid-19 tally stands at 44,552.

Here’s taking a look at the Covid-19 situation across worst-affected states:

Maharashtra

The state Covid-19 tally jumped to 275,640 on Thursday. As many as 152,613 people have recovered from coronavirus in Maharashtra while 10,928 have died.

Tamil Nadu

With 151,820 coronavirus cases, Tamil Nadu is the state with second-highest coronavirus cases in the country and has witnessed 2,167 coronavirus fatalities. The number of patients who have recovered from coronavirus in the state stands at 102,310.

Delhi

The national capital is the third worst-hit in India with coronavirus cases jumping to 116,993 on Thursday. As many as 95,699 patients have recovered from Covid-19 in the national capital while 3,487 have succumbed to the infection.

Karnataka

The South Indian state has witnessed 47,253 coronavirus cases till date and is now the fourth worst-affected in the country. While 928 have lost their lives to the deadly contagion in the state. Nearly 18,466 patients have recovered from the disease in Karnataka.

Gujarat

Gujarat has seen Covid-19 cases reach 44,552 on Thursday. The state has seen 31,286 people recover from coronavirus while 2,079 people have died.

Uttar Pradesh

The Covid-19 tally in Uttar Pradesh has jumped to 41,383 while the number of recoveries has touched 25,743. The state’s death toll has crossed 1,000.

Telangana

The state’s Covid-19 tally stands at 39,342 coronavirus cases. While 25,999 people have recovered from the disease, the Covid-19 death toll has jumped to 386 in the state.

Andhra Pradesh

The state has reported 35,451 Covid-19 patients till date. While 18,378 people have recovered from the virus across the state, the death toll stands at 452.

West Bengal

As many as 34,427 people have contracted Covid-19 in West Bengal till date. The state has seen 20,680 recover from coronavirus while 1,000 people have been killed.

Rajasthan

The state has reported 26,437 Covid-19 cases till date. Covid-19 death toll in Rajasthan stands at 530 while 19,502 patients have recovered.

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News Network
April 27,2020

Bengaluru, Apr 27: As many as 345 Bengaluru-based journalists tested negative for coronavirus on Monday after undergoing a medical check-up got up for them at a hospital here, a top official said.

They had undergone the tests at the Sir C V Raman General Hospital here on April 25 and the results came out negative on Monday. They were among a total of 1,170 journalists who took the tests at the four-day medical check-up camp at the Hospital here from April 23.

"The medical check-up was done in four slots at the Hospital here from Thursday and concluded on Monday. A total of 1,170 journalists undertook the tests, 480 of them on Monday alone, the joint director of the Department of Information and Public Relation D P Muralidhar said.

The test reports of the 480 journalists may come out on Wednesday, he said. Only one journalist tested positive so far and has been admitted to the designated COVID-19 hospital, he said, adding 36 of his primary and secondary contacts have been quarantined.

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