Court Allows Banks To Sell Vijay Mallya's Properties To Recover Debts
NDTV
Vijay Mallya is accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines and is presently in the United Kingdom.
A Prevention of Money Laundering Act (PMLA) court has allowed banks to sell certain real estate assets and securities and of fugitive business tycoon Vijay Mallya to recover their debts. "The PMLA court has given permission to banks to sell gcertain real estate properties and securities that belonged to disgraced tycoon Vijay Mallya to recover dues loan amount of over Rs 5,600 crore. It was earlier under the Enforcement Directorate," said Mallikarjuna Rao, Managing Director, Punjab National Bank. "Now the lead bank will sell those properties. PNB does not have much loan exposure in Kingfisher, but we will get our due share whatever once lead bank to realize," added Rao. Mr Mallya is accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines and is presently in the United Kingdom.
The NCP (SP) candidates who defeated their NCP rivals included Jitendra Awhad who defeated Najeeb Mulla in Mumbra Kalwa.
Jan Suraaj candidates failed to make a significant impact, finishing third in three constituencies and one in the fourth position.
Police arrested Deepak Max, 20, caught after an encounter by Crime Branch, while Krish Gupta, 18, by local police from the same area.
The prime minister said the Maharashtra election also shows that only one Constitution will work in India and that was given to the people of the country by B R Ambedkar.
The Prime Minister said the Congress' outsized interest in its own welfare is a "threat to democracy".
Maharashtra Assembly Election Results 2024: Robin Sharma, Eknath Shinde's campaign strategist, shares what and how he did it
Maharashtra assembly election results 2024: Prime Minister Narendra Modi referred to the Maha Vikas Aghadi (MVA) alliance as something that was stitched at the last minute for selfish reasons
This is the third consecutive time that the BJP has emerged as the largest party in Maharashtra, which is undoubtedly a historic feat, Prime Minister Modi said.
Mr Chadha pointed out that the three seats in which the AAP emerged victorious had never been won by the party before.
Speaking to reporters in Nagpur as the ruling coalition was on its way to win a massive victory in the assembly elections, she said her son, currently a deputy chief minister, knows how to overcome challenges.
Maharashtra Assembly Election Results 2024: "Cannot believe Maharashtra, which listened to me as head of family during COVID, will behave with me this way" said Uddhav Thackeray.