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SC orders winding up of UBHL to recover Rs 11,000 crore Kingfisher dues

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SC orders winding up of UBHL to recover Rs 11,000 crore Kingfisher dues

The Supreme Court on Monday allowed polishing off of United Breweries Holding Ltd (UBHL) for healing of dues payable via way of means of Kingfisher Airlines to creditors, along with banks, and disregarded the business enterprise’s plea in opposition to its liquidation.

A bench of Justices U U Lalit, Vineet Saran and S Ravindra Bhat upheld the Karnataka excessive courtroom docket verdict on polishing off the business enterprise and disregarded an attraction filed via way of means of UBHL in opposition to the judgment.UBHL has been preventing a felony struggle for the ultimate 3 years after a unmarried bench of the HC had in 2017 ordered polishing off which changed into then challenged earlier than a department bench. The department bench rejected the corporation’s plea in March.Senior endorse C S Vaidyanathan, acting for the business enterprise, instructed the SC bench that property of round Rs 14,000 crore belonging to UBHL, Vijay Mallya and different entities were connected via way of means of the Enforcement Directorate while the overall debt changed into most effective round Rs 6,000 crore. He stated attachment orders were challenged which have been pending earlier than a tribunal and no motive could be solved via way of means of polishing off the corporation.Senior endorse Mukul Rohatgi, acting for the SBI-led consortium of lender banks, adversarial the UBHL’s plea and contended that most effective Rs 3,595 crore had up to now been recovered and the corporation nonetheless owed over Rs 11,000 crore.

Observing that polishing off the corporation must be the ultimate resort, the SC granted sizable listening to to all events however sooner or later disregarded UBHL’s plea.

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Omar Slams

Omar slams Pakistan’s ‘neutral’ probe offer on Pahalgam attack: ‘They didn’t even

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Omar slams Pakistan’s ‘neutral’ probe offer on Pahalgam attack: ‘They didn’t even

India has suspended the Indus Waters Treaty, closed the Attari check post, and canceled SAARC visas for Pakistan nationals in response to the Pahalgam attack. Jammu and Kashmir chief minister Omar Abdullah criticized Prime Minister Shehbaz Sharif’s offer for a “neutral” investigation into the Pahalgam terror attack, stating that Pakistan initially denied incident.

India. Shehbaz Sharif said Pakistan was willing to support a “neutral and transparent” investigation into the killing of 26 people in Jammu and Kashmir’s Pahalgam. He emphasized the need for a “grinding halt” to the perpetual blame game and called for Pakistan to tensions participate in any neutral, transparent, and credible investigation. The incident has sparked.

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India has taken several steps against Pakistan following the Pahalgam terror attack that killed 26 people. These include suspending the Indus Waters Treaty, closing the Attari Integrated Check Post, and canceling the SAARC Visa Exemption Scheme (SVES) for Pakistani nationals. The Resistance Front (TRF), a proxy of the Pakistan-based Lashkar-e-Taiba, has claimed.

Responsibility for the attack. Investigations reveal that Adil Ahmed Thoker, a key suspect in rooted in centuries-old cultural growing tensions between India and Pakistan. the Pahalgam attack, received military training in Pakistan before infiltrating India with other terrorists amid speculation about back-channel mediation by countries with close with India Pakistan.

Amid ongoing tensions, Pakistani troops have resumed unprovoked firing along the Line of Control (LoC), and for the second consecutive night, the Pakistani army targeted Indian positions, prompting a retaliatory response from Indian forces. Iran’s foreign minister Seyed Abbas Araghchi offered to “forge greater understanding” between New Delhi and Islamabad.

Araghchi said that Iran stands ready to use its good offices in Islamabad and New Delhi to forge greater understanding at this difficult time. He described India and Pakistan as “brotherly neighbours of Iran, enjoying relations rooted in centuries-old cultural and civilizational ties” and said that they consider them their foremost priority The recent.

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Terrorist attack in Pahalgam, Jammu and Kashmir, has stirred strong reactions across the political spectrum, with former Jammu and Kashmir Chief Minister Omar Abdullah leading the charge in condemning Pakistan’s response to the incident. Pakistan’s offer of a “neutral” investigation into the attack has sparked outrage, with Omar Abdullah accusing.

The neighboring country of failing to take any meaningful action or even offering a proper condemnation of the attack The Pahalgam attack, which occurred in the popular tourist town in the Kashmir Valley, left multiple civilians injured and sent shockwaves through the region. While the perpetrators of the attack are suspected to be militants operating from across.

The border, Pakistan’s reaction has been criticized for its lack of condemnation and accountability. In response to calls for a thorough investigation into the incident, Pakistan offered to conduct a “neutral” probe, suggesting that an impartial body, rather than which occurred in the popular tourist town authorities in either country, should investigate.

Omar Abdullah, known for his sharp and outspoken criticism of Pakistan’s role in Kashmir, was quick to hit back. “They didn’t even condemn the attack. And now, they want to offer a ‘neutral’ investigation?” he said in a strongly worded statement. “If Pakistan is so concerned about what happened in Pahalgam, why don’t they condemn it first? Why don’t they make it.

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Abdullah’s statement reflects the deep frustration felt by many in Jammu and Kashmir, who believe that Pakistan’s offer is nothing more than a distraction from its own involvement in cross-border terrorism. The former Chief Minister further was a deliberate attempt to deflect attention from the fact that the attack.

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