Connect with us

News

Beer king Vijay Mallya may have to curb his $24,000-a-week life

Published

on

Vijay Mallya, the ex-billionaire known as the “king of good times” in India, may have to prepare for a bout of relative austerity as he fights multiple lawsuits against creditors.

Mallya’s lawyers told State Bank of India, which is among lenders owed 1.142 billion pounds ($1.5 billion) by his defunct Kingfisher Airlines, that their client is willing to cut his spending to 29,500 pounds a month, SBI’s lawyers told a London court Wednesday. He is currently spending about 18,300 pounds a week.

The banks are seeking to seize about 258,000 pounds held in Mallya’s ICICI Bank UK Plc account. They have accused Mallya of willfully defaulting on debts of Kingfisher Airlines, which was founded in 2005 and folded in 2012. The UK resident is fighting his extradition to India to face criminal fraud charges.

Mallya, who added a portfolio of real estate, yachts, Scotch whisky and Formula 1 racing to his United Breweries Ltd. business over the last two decades, continues to live a “lavish lifestyle,” according to a written application from SBI’s lawyers. Mallya “is suffering no real hardship as would be understood by the man on the street,” the lawyers said. He has other sources of income including a 7,500-pound monthly payment from Kingfisher Beer Europe Ltd. and his family’s wealth, much of which is tied up in trusts, SBI’s lawyers said.

Banks Battle Ex-Billionaire Over Superyachts, Cars, Artwork

“Dr. Mallya continues to do all he can to support a court process in India which should see creditors paid off in full,” Jonathan Isaacs, his lawyer, said in an emailed statement. “No one creditor should be allowed to break rank and grab assets at the expense of all other creditors. Dr. Mallya meanwhile lives well within the court-ordered limits and looks forward to its conclusion in the coming months.”

Source

News

Pleasant weather in Delhi, it will rain for the next two days.

Published

on

Representative Image | Source: NDTV

The weather pattern is changing in Delhi. The weather in the national capital has been pleasant since morning today (Wednesday). The wind is blowing between the movement of clouds, due to which the temperature has come down. According to the Meteorological Department (IMD), it will be partly cloudy in Delhi today i.e. on September 14. Also, there may be light rain or drizzle with winds at some places.

After the rains on Monday in Delhi, there was a slight drop in the temperature on Tuesday and people got a slight respite from the sultry heat. Meanwhile, the Meteorological Department (IMD) has predicted a change in the weather and light rain in Delhi-NCR from today i.e. Wednesday.

According to the forecast of the Meteorological Department, there may be light rain in Delhi for the next two days from today. It will be cloudy and winds will blow at a speed of 30 to 40 kilometers per hour. In Delhi today, September 14, the minimum temperature may be 26 degree Celsius while the maximum temperature may remain 34 degree Celsius.

Source: Aajtak

Continue Reading

News

Make Noida part of Delhi, AAP leader writes open letter to PM Modi

Published

on

Image Credit: Wikimedia

Aam Aadmi Party’s Gautam Buddh Nagar region president Bhupendra Singh Jadaun has composed an open letter to Prime Minister Narendra Modi requesting the incorporation of Noida inside the province of Delhi.

In the open letter dated September 12, posted from Jadaun’s twitter account, he has requested that Chief Minister of Delhi Arvind Kejriwal has been giving essential conveniences, for example, water, power, schooling, wellbeing, and transport to individuals of Delhi, which the occupants of Gautam Buddh Nagar locale (Noida) have been denied of. “Very much like Delhi, individuals of Gautam Buddh Nagar ought to likewise have the option to get free power, good education, the advantages of Farishte scheme; the ladies inhabitants ought to have the option free transportation; senior residents ready to go on pilgrimage free of charge; and they are not made to go around different offices to get their Aadhaar card, ration card or driving permit,” the letter peruses.

Jadaun has expressed that the occupants of Noida ought to likewise get the option to choose their delegates in the neighborhood enterprises, very much like it occurs in Delhi. Further, the occupants living in metropolitan and country regions in the area ought to get the possession freedoms of their territory, while the people who live in alleged unlawful provinces ought to likewise get proprietorship privileges alongside essential conveniences like in Delhi, he said.

Source: IndianExpress

Continue Reading

News

New rule on free electricity in Delhi, subsidy will not be available without applying from today, CM Kejriwal announced

Published

on

Image Credits: Hindustan Times

Delhi Chief Minister Arvind Kejriwal has made a big announcement. Now only those people will get electricity subsidy in Delhi, who will apply for it. The applications for this will start from today itself.

Delhi CM Arvind Kejriwal said that some people do not want to take free electricity. In such a situation, now only those people in Delhi will get electricity subsidy who will apply for it.

Form to be filled

A form will come along with the electricity bill. The form has to be submitted to the electricity bill center. He said that we are issuing a number (7011311111). A missed call has to be made on this number. A message will come on a missed call. There will be a link in it. Which will open the form on WhatsApp. Messages will also be sent to those whose mobile numbers are registered. The number of people who will fill the form on 31 October. They will get the benefit of the scheme. On filling the form in the next month, the bill of the previous month will have to be submitted. He said that his government would run door-to-door awareness campaign regarding this.

The facility will be applicable from October 1

Arvind Kejriwal said, earlier there used to be a lot of electricity in Delhi. We fixed it. Now electricity is available 24 hours. Electricity is available free of cost in Delhi. The money saved by stopping corruption is giving convenience to the people. He told that there are 58 lakh consumers of electricity in Delhi, out of which 30 lakh electricity bills come to zero. Half the bills of 17 lakh consumers come. We will give subsidy to those who ask for subsidy. This facility will be applicable from 1st October.

Source: Aajtak

 

Continue Reading

Newsletters

Enter your email address to get latest updates

Advertisement

Trending

Copyright © 2018 - 2022 Delhi Wire.