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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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Haryana

Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

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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.

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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:

DateTemperatureSky
October 23, 202432.93 °CSky is clear
October 24, 202432.69 °CSky is clear
October 25, 202432.5 °CSky is clear
October 26, 202432.07 °CSky is clear
October 27, 202430.69 °CSky is clear
October 28, 202431.29 °CSky is clear
October 29, 202432.09 °CSky is clear

Weather in other cities on October 22, 2024

CityTemperatureSky
Mumbai28.35 °CLight rain
Kolkata28.84 °CSky is clear
Chennai28.94 °CLight rain
Bengaluru25.53 °CModerate rain
Hyderabad27.75 °CModerate rain
Ahmedabad31.9 °CSky is clear
Delhi32.93 °CSky is clear

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