Vijay Mallya offers to sell assets to repay bank loans
Vijay Mallya offers to sell assets to repay bank loans Vijay Mallya has sought the Karnataka High Court’s permission to let him and his holding firm UBHL sell their assets under judicial supervision and repay creditors, as per official information. “UBHL (United Breweries Holding Ltd) and myself have filed an application before the Karnataka High Court on June 22, setting out available assets of about Rs 13,900 crore,” said Mallya in a letter released here on Tuesday. Vijay Mallya who fled the country in March 2016, has been living in London since then despite summons from Indian courts and law-enforcement agencies to appear before them for trial in various cases. -PTC News
