Mangalore boy shines in dirt track racing

[email protected] ( Govind D. Belgaumkar for The Hindu)
February 16, 2011

siddanth

Mangalore, February 16: The greatest moment in the career of Siddanth Nayak of Mangalore, an emerging star on the horizon of dirt track racing, came five weeks after he turned 18 on January 7.

At Coimbatore on Sunday (February 13), he was adjudged the First Runner Up in the Rolon National Dirt Racing Championship. “This is the first time that I am getting a national honour,” Siddanth said on Tuesday with a sparkle in his eye. He did not look like being on the cloud nine though.

His father Satish Chandra Nayak, a city-based businessman, however, described the achievement as “excellent”. He too, however, is disheartened that Siddanth could not emerge champion.

It was a fall in the ninth lap in Coimbatore that did him in, the worried father told The Hindu.

Till then, he was placed second in the race and the fall spoiled his chances of becoming a champion. The track was hard and had “tight corners” (sharp curves), Siddanth said. “It was worth a ride,” he said sounding professional. Rolon National Dirt Racing Championship was conducted in four legs over several months in different parts of the country – Chadigarh, Kolhapur, Hyderabad and Coimbatore in that order – and points were given to riders for their overall performance in each leg.

After three legs, Siddanth was among the favourites and his family thought that he had a fair chance of becoming a champion. Hence he participated in it ignoring high fever he was suffering from. The young rider initially did not like to go on record that he had fever, lest others think he was giving an alibi for the failure to clinch the title. Although he began badly in Chandigarh where he did not get any of the top placements, he did well in the next two events and was placed first runner-up in both of them. In Coimbatore, he was placed third.

Siddharth


Motocross

While his father expects him to become “world champion,” Siddanth has set his eyes on riding a bigger bike (called built-bike or dirt bike) and may soon start training in Bangalore. As a beginner, he had been restricted hitherto to 130 cc or 165 cc bikes.

Now, the young man plans to move over to motocross dirt track racing which involves jumping of the bike, for which he needs training. A schedule of training for him to acquire new skill sets is to be drawn soon, he told The Hindu.

Siddanth, who has no qualms in calling himself the best dirt track racer in the city and hates wheeling for fun, will be seen in action in the district next week when he participates in the State-level dirt track race in Sullia. About 100 participants from the State are expected to take part in it. Catch him there, if you can.


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coastaldigest.com news network
May 21,2020

Udupi, May 21: In a shocking development, as many as 27 fresh coronavirus positive cases were reported in the coastal district of Udupi today. 

Another shocker is, 16 among 27 covid-19 patients are children. The rest are six men and five women. 

Interestingly, all of them have inter-state travel history. 23 had come from Maharashtra and 3 from Telangana. Another one had come from Kerala to Manipal. More details are awaited.

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News Network
July 25,2020

Dubai, Jul 25: The founder of NMC Health, BR Shetty, has had a worldwide freezing order placed on his assets at the request of a lender that claims he has defaulted on a loan of more than $8 million (Dh29.4m).

The order was granted to Credit Europe Bank (Dubai) last month ahead of a claim filed at the DIFC Courts against Mr Shetty, New Medical Centre Trading and NMC Healthcare.

The lender said in its claim they “are jointly and severally liable” for the repayment of money initially secured through a credit agreement in December 2013 and renegotiated in December last year. Credit Europe Bank is an Amsterdam-headquartered institution specialising in trade and commodities finance with operations in nine countries.

The credit agreement was guaranteed by two security cheques which the bank said in its claim were signed by Mr Shetty – one drawn on his personal account and another on the account of New Medical Centre Trading – that have been "dishonoured upon presentation due to insufficient funds".

The bank claimed Mr Shetty “has now fled the jurisdiction of the UAE to India” and that there was a risk of his “substantial” assets in the Emirates being dissipated.

The assets frozen include properties in Abu Dhabi and Dubai, as well as shares in NMC Health, Finablr, BRS Investment Holdings and other companies. It allows for up to $7,000 per week to be spent on “ordinary living expenses and reasonable sum[s] on legal advice and representation”, a DIFC Courts document granting the freezing order shows.

Credit Europe Bank declined to comment when contacted by The National, stating it does not comment on ongoing litigation proceedings. Representatives for Mr Shetty and for NMC Healthcare, which is now being run by administrators Alvarez & Marsal, also declined to comment.

NMC Healthcare was founded by Mr Shetty in 1975 and grew from a single hospital into the UAE’s biggest privately-owned healthcare operator, which employed 2,000 doctors and 20,000 other staff. The company was listed on the London stock exchange and at its peak was valued at £8.58 billion (Dh40bn). However, its shares slumped after short seller Muddy Waters Research issued a report in December 2019 alleging the company had inflated its cash balances, overpaid for assets and understated its debts. This led to a string of damaging revelations by the company, including the fact that its debt was materially higher – at $6.6bn – than the $2.1bn on its balance sheet. NMC Healthcare was placed into administration in April by its biggest creditor, Abu Dhabi Commercial Bank, but its UAE businesses continue to trade as a going concern.

Mr Shetty said in a statement issued in April that he has been a victim of fraud committed by "a small group of current and former executives” at companies owned by him. He said bank accounts were created in his name and transactions were made without his knowledge, and that loans, cheques and bank transfers were also fraudulently guaranteed in his name using his forged signature.

In response to the claim filed by Credit Europe Bank (Dubai) at the DIFC Courts, Mr Shetty says he did not personally guarantee loans made to NMC Trading or NMC Healthcare and that the signatures used on cheques guaranteeing the loans are forgeries. His defence cites the opinion of “Dr Al Bah, an independent, experienced and qualified forensic document examiner”, that someone other than Mr Shetty signed the lending agreements and cheques.

An application by NMC Trading and NMC Healthcare to the DIFC Courts to have the claim against it heard in private for fear of triggering claims by other lenders – the group owes money to around 80 local, regional and international lenders – was dismissed, given that the appointment of administrators at the group and allegations of fraud at the company are already in the public domain.

Both companies have indicated to DIFC Courts that they intend to contest the claim against them.

Comments

UAE Muslim
 - 
Sunday, 26 Jul 2020

give money to RSS now to kill muslim....GOD will turn the table for moran like you BR,...shamed of tulu guy cheated the UAE govennment...not root in hell

ANONYMOUS
 - 
Saturday, 25 Jul 2020

amount should be 8 billion dollar and not 8 million dollar

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News Network
June 19,2020

Jun 19: BJP leader Devendra Fadnavis on Thursday said Maharashtra Chief Minister Uddhav Thackeray should sign an agreement with neighbouring Karnataka to avoid a repeat of flood in part of the state like it happened in August last year.

In August 2019, Kolhapur, Sangli districts and some other parts of the state faced unprecedented floods triggered by huge release of water from dams in western Maharashtra and from the Almatti dam in Karnataka.

Fadnavis said, The Maharashtra chief minister should hold an urgent meeting with the Karnataka chief minister and enter into an agreement over-discharge of water from the Almatti dam located on the border of both the states."

If water is not released from the Almatti dam in time, it will cause flooding in border areas of Maharashtra such as Kolhapur and Sangli.

"A pact between the two states would benefit both as it would help in keeping water levels in control, the former chief minister said.

The dams in the state already have sizeable water stock. It would be better if the chief minster schedules a meeting with the Karnataka chief minister regarding the same (agreement), the Leader of Opposition in the assembly said.

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