{"id":266598,"date":"2019-03-27T06:45:29","date_gmt":"2019-03-27T06:45:29","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266598"},"modified":"2019-03-27T06:46:11","modified_gmt":"2019-03-27T06:46:11","slug":"pmla-court-allows-sale-of-mallyas-rs-1000-cr-shares-rejects-ubls-plea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pmla-court-allows-sale-of-mallyas-rs-1000-cr-shares-rejects-ubls-plea\/","title":{"rendered":"PMLA court allows sale of Mallya&#8217;s Rs 1,000-cr shares, rejects UBL&#8217;s plea"},"content":{"rendered":"<p>In a major step to partly recovering outstanding dues from Vijay Mallya, a PMLA court on Tuesday rejected United Breweries Holdings&#8217; plea to stay the proposed sale of shares worth around Rs 1,000 crore of its erstwhile subsidiary United Breweries (UBL) by a court-appointed liquidator. <\/p>\n<p>Special judge M S Azmi rejected their plea on the ground that the court may not have the powers to grant a stay on the proposed sale. <\/p>\n<p>This is the first sale of Mallya&#8217;s confiscated assets by the authorities since he left the country in March 2016. <\/p>\n<p>United Breweries shares closed over 2 per cent up on the BSE at Rs 1,347.90 Tuesday and the sale of 74,04,932 shares at this price would fetch around Rs 999 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a major step to partly recovering outstanding dues from Vijay Mallya, a PMLA court on Tuesday rejected United Breweries Holdings&#8217; plea to stay the proposed sale of shares worth around Rs 1,000 crore of its erstwhile subsidiary United Breweries (UBL) by a court-appointed liquidator. Special judge M S Azmi rejected their plea on the ground that the court may not have the powers to grant a stay on the proposed sale. This is the first sale of Mallya&#8217;s confiscated assets by the authorities since he left the country in March 2016. United Breweries shares closed over 2 per cent [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-266598","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=266598"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266598\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}