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
February 26,2020

Bengaluru, Feb 26: Karnataka Police and intelligence have been asked to be on alert in the wake of communal violence in Delhi and take preemptive measures, state Home Minister Basavaraj Bommai said here on Wednesday.

"We have been keeping a close watch on the developments after the Delhi incident. I have instructed my officers to be on alert and take precautionary actions rather than actions after the incidents," Bommai told media.

"The day before yesterday we had a high-level meeting...we are having a close watch," he added.

Violence erupted in Delhi on Sunday evening after groups protesting against the Citizenship Amendment Act (CAA) and those supporting it indulged in stone pelting at each other.

The confrontation soon turned communal and the violence spread to other areas of northeast Delhi including Chand Bagh, Mustafabad, Brijpuri, Shiv Vihar and Noor Ilahi on Monday and Tuesday in which at least 20 persons, including a police head constable, have died and over 200 have been injured.

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News Network
March 30,2020

Bengaluru, Mar 30: Karnataka Chief Minister BS Yediyurappa on Monday appealed to people to strictly follow the restrictions in the state, saying that the ending of 21-day nationwide lockdown imposed to contain COVID-19 depends on how the public adheres to the rules.

In a press statement, Yediyurappa appealed to the people to help the government to prevent the spread of coronavirus by strictly following the lockdown.

"People of Karnataka are known for tolerance and patience. They are law-abiding citizens. Now, the lockdown in wake of coronavirus is a testing time for them. It has come to test the patience of our people, especially the people of Karnataka. Prime Minister Narendra Modi himself has apologized and said that lockdown was an inevitable step taken by the government to protect people from the pandemic. We have to realise the predicament of a prime minister who always cares for the well being of the country and its people," the statement quoted Yediyurappa as saying.

"At this hour of crisis, it is not good on our part to come out of houses and violate the curfew. The ending of lockdown depends on strictness with which one follows the curfew and maintain social distancing. If one follows the curfew strictly, the lockdown period will automatically end on April 14. Whether to end the lockdown or not is in your hands," he said.

The Chief Minister urged not to test the patience of police, saying, "Already our police are under stress as they are working without any rest. Do not force them to use the force and later blame them for stern action."

He also appealed to follow the lockdown provisions and stay back in their home.
"The government has taken all measures to maintain the supply of essentials and food to the needy. Consider this situation as a blessing in disguise and spend your valuable time reading books which in turn will boost your knowledge and intellectual capacity. My earnest request to even the poor is spending your time by involving yourselves in creative activities inside your houses," Yediyurappa said.

"At the same time, it is time for us to respect the sacrificing work of the doctors, nurses, health staff and civic workers who are working round the clock to save the lives of hundreds of people affected by coronavirus. My appeal to you all strictly follows the curfew rules and maintains the social distance to combat COVID-19," he added.

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News Network
February 26,2020

Mumbai, Feb 26: Targetting Shiv Sena's silence over the recent controversial remark by AIMIM leader Waris Pathan, former Maharashtra Chief Minister Devendra Fadnavis on Tuesday said the Uddhav Thackeray-led party might be "wearing bangles" but the BJP was not and knew how to retaliate in the same manner.

"Shiv Sena might be wearing bangles but we are not. If someone says something then he will be given an answer in the same way. BJP has this much power," said Fadnavis while launching a scathing attack on ruling-Shiv Sena in Maharashtra for not taking strict action against Pathan.

Fadnavis was addressing protestors at Azad Maidan where BJP launched a protest against Maharashtra government over issues related to farmers and women.

On February 20, while addressing an anti-CAA rally, at Kalaburagi in Karnataka, Pathan had said, "time has now come for us to unite and achieve freedom. Remember we are 15 crore but can dominate over 100 crores."

"They tell us that we have kept our women in the front - only the lionesses have come out and you are already sweating. You can understand what would happen if all of us come together," he had said.

Facing flak over his remarks Pathan later took back his words and had said he had not targeted any community but had spoken against members of some organisations.

"If any of my words have hurt someone, I take them back as I am a true Indian," Pathan said at a press conference here.

The AIMIM leader said that he was being portrayed as being anti-Indian and anti-Hindu for the past couple of days.

"I want to say that my earlier statement was basically against people who are members of organisations like RSS, BJP, Bajrang Dal, etc. These 100 are those people who want to divide this beautiful nation," he added.

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