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In big blow to Vijay Mallya, London court declares him bankrupt
Fugitive Indian businessman Vijay Mallya was declared bankrupt on Monday by the Insolvency and Companies Court of the London high court. Though the order takes effect immediately, he has the option to seek permission to appeal from a higher court. “There is no evidence he will go back to India to face trial so I find insufficient evidence he will pay the debt in full in a reasonable period of time. I shall adjudicate Dr Mallya bankrupt,” chief Insolvency and Companies Court (ICC) judge Briggs declared late Monday afternoon. The 65-year-old chairman of UB Group, who lost all his court battles against extradition to India in May 2020 but has still not returned, now has to hand over all his assets, as well as his bank and credit cards to a bankruptcy trustee who will investigate his affairs and establish his true assets and liabilities, with a view to selling relevant assets and repaying creditors. The person declared bankrupt must cooperate with the trustee. All his bank accounts will now be frozen, apart from money to buy essentials. He is banned from acting as a director of a company or creating a company without the court’s permission or borrowing more than £500 without declaring he is bankrupt. His name will appear on the Individual Insolvency Register where billionaire steel magnate Lakshmi Mittal’s brother Pramod Mittal, too, is listed. ED attach my assets worth 14K crores at behest of Govt Banks against debt of 6.2K crores.They restore assets to Ban…
vijay Mallya (@TheVijayMallya) Philip Marshall QC, representing Mallya, had his application for a stay on the bankruptcy and permission to appeal rejected by Judge Briggs, who said they had no real prospect of success. The State Bank of India-led consortium was seeking to make Mallya bankrupt for failing to clear the judgment debt of £1.05 billion (Rs 10,763 crore) determined by Karnataka’s Debt Recovery Tribunal in January 2017, which was subsequently registered in the English courts. The debt derives from a personal guarantee Mallya gave on loans lent to Kingfisher Airlines.
News Source : India Times
Haryana
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.
The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.
Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.
With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.
The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.
Weather and AQI predictions in Delhi for next 7 days:
Date Temperature Sky October 23, 2024 32.93 °C Sky is clear October 24, 2024 32.69 °C Sky is clear October 25, 2024 32.5 °C Sky is clear October 26, 2024 32.07 °C Sky is clear October 27, 2024 30.69 °C Sky is clear October 28, 2024 31.29 °C Sky is clear October 29, 2024 32.09 °C Sky is clear
Weather in other cities on October 22, 2024
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