SBI Latest Updates 2017 Breaking News | Vijay Mallya Loans
The Supreme Court Has Directed Mallya And Kingfisher To Disclose Their Total Assets. The Apex Court Has Asked The Former Liquor Baron To File His Reply By April 21 Indicating How Much Amount He Can Deposit In SC To Prove His Bonafide.
The Consortium Of Banks Has Sought The Presence Of Mallya In The Country To Show His Bonafide That He Is Serious In Settling His Dues.
The Repayment Offer In The Supreme Court Was Submitted By Mallya, Kingfisher Airlines, United Breweries Holdings And Kingfisher Finvest India. But The Banks Told The Court On Thursday That The Offer Was Unacceptable.
Latest Update : If you are are looking for Jobs in SBI Latest in 2017, the we have an awesome news for you.SBI Latest will soon announce New Jobs in popular categories with one single Online Examination. The Notification may come this month and Online Registration. We will update this page, when the SBI Latest, will announce the Official SBI Latest Notification 2017. If you have any Queries related to upcoming Jobs in SBI Latest, ask us through the comments section below. And For a complete information and latest updates please stay tuned with our site.
If you are interested for SBI Clerk, SO, PO & CMO Exams, and particularly willing to apply for SBI Clerk, SO, PO & CMO Exam, then we would like to inform your that SBI Clerk, SO, PO 17000 Recruitment 2017 Notification, will be soon announced and the Last Date to submit the SBI Recruitment 2017-18 Online application.
Latest Update : If you are are looking for Jobs in SBI Latest in 2017, the we have an awesome news for you.SBI Latest will soon announce New Jobs in popular categories with one single Online Examination. The Notification may come this month and Online Registration. We will update this page, when the SBI Latest, will announce the Official SBI Latest Notification 2017. If you have any Queries related to upcoming Jobs in SBI Latest, ask us through the comments section below. And For a complete information and latest updates please stay tuned with our site.
If you are interested for SBI Clerk, SO, PO & CMO Exams, and particularly willing to apply for SBI Clerk, SO, PO & CMO Exam, then we would like to inform your that SBI Clerk, SO, PO 17000 Recruitment 2017 Notification, will be soon announced and the Last Date to submit the SBI Recruitment 2017-18 Online application.
Mallya And Kingfisher Airlines Owe Rs 9,000 Crore To The Consortium Whose Leader SBI Had An Exposure Of Over Rs 1,600 Crore To The Now Defunct Airline.
In A Big Blow To Liquor Baron Vijay Mallya, The Supreme Court On Tuesday Handed Over To A Consortium Of 17 Banks In A Sealed Cover The List Of Domestic And Foreign Assets Owned By Him, His Three Children And Estranged Wife To Take “Action In Accordance With Law” For Recovery Of Over Rs.9,000 Crore Due From The Now Defunct Kingfisher Airlines. A Bench Of Justices Kurian Joseph And R F Nariman Told Mallya’s Counsel That The Businessman Had Not Complied With The Court’s April 7 Order Directing Him To Suggest A Firm Offer For Upfront Deposit, Complete Disclosure Of Assets In India And Abroad And The Date For His Personal Appearance Before The Apex Court, Either In “Letter Or Spirit”.
Mallya’s Lawyer Informed The Court That The Businessman Had No Plan To Come Back To India In The Near Future. The Government Said It Would Soon Move To Get Him Extradited From The UK. On Tuesday, Mallya Submitted A List Of Assets Held By His Entire Family In A Sealed Cover To The Court, With A Caveat Not To Disclose It Yo The Banks As These Properties Were Not Taken Into Consideration For Advancing Loans To Kingfisher Airlines.
The Bench Perused The List Of Assets And Said Mallya’s Personal Assets Were Worth Rs 2,017.36 Crore. However, The Court Didn't Disclose The Value Of Assets Held By His Children And Estranged Wife. The Bench Said Its April 7 Order Never Proposed Filing Of Asset Details In Sealed Cover And There Was No Application Seeking Modification Of The Order. It Accepted Attorney General MukulRohatgi’s Request That Since Mallya Was In Complete Breach Of The April 7 Order, The List Of Assets Should Be Handed Over To The Banks To Find Out Whether His Assets Were Held ‘Benami’ By His Children And Estranged Wife.
After Handing Over The List To The Banks, The SC Disposed Of The Petition Filed By The
Consortium Of 17 Banks Led By SBI And Directed The Debt Recovery Tribunal In Bengaluru To Decide The Matters Pending Before It In Two Months. Appearing For Mallya, Senior Advocates C S Vaidy Anathan And Parag Tripathi Told The Benchthat The List Of Properties Were Given In Confidence To The Court And It Should Not Be Breached To Force Mallya To Give Evidence Against Himself. “He Has Never Held Any Property Benami. The Children Are All US Citizens.
Mallya Himself Is An NRI And His Estranged Wife Has Been Residing In California For Two Decades. None Of Them Can Be Forced Under Law To Give Details Of Their Assets Held Abroad,” Vaidyanathan Said. He Told The Court That The Properties Held By The Children And Estranged Wife Were Earned By Them. “The Properties Transferred To The Children And Estranged Wife Were Much Prior To The Genuine Business Failure That Happened In Kingfisher Airlines.” Mallya’s Personal Assets Worth Rs 6,000 Crore Were Sunk In The Airlines Business Mainly Because Of The Adverse Circumstances Prevailing In The Sector, Vaidyanathan Said.
Recent Posts :-
0 comments:
Post a Comment