- Saturday, April 20, 2024
By: Radhakrishna N S
In a strict warning, India’s Income Tax (IT) department has cautioned the public not to purchase the shares of United Racing and Bloodstock Breeders Limited (URBBL), owned by fugitive Indian business tycoon, Vijay Mallya. The shares held by Mallya are expected to be kept open for e-auction on October 30 by the Debt Recovery Tribunal (DRT) – II, Karnataka, the southern Indian state. The DRT in Karnataka’s capital city Bengaluru had notified for an e-auction of 41,52,272 shares owned by liquor baron on September 29 in an attempt to recover the outstanding sum issued by a consortium of banks to…
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