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SC receives Rs 4000 crore repayment plan from Mallya

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Representational file photo, Courtesy- wikimedia commons

New Delhi: Liquor baron Vijay Mallya on Wednesday submitted Rs 4,000 crore repayment plan to Supreme court. Mallya also told the SC that he had two rounds of video conferencing with banks adding that he will repay the amount by September 2016.

SC has allowed the consortium of banks to respond within a week’s time to the proposal and posted the matter for hearing on April 7.Meanwhile the banks have told the apex court that they need time to look at Mallya’s repayment proposal.

Vijay Mallya’s Counsel said negotiations with banks are on but media is exaggerating the issue, therefore proposal should be kept sealed. Justice Kurien, however, observed ‘media ultimately stands for public interest’.

In a stern warning to wilful defaulters like Vijay Mallya, Finance Minister Arun Jaitley couple of days ago said they should settle their dues honourably with the banks or else be ready to face “coercive action” by lenders and investigative agencies.

He further said that banks have certain collaterals of group companies of Vijay Mallya and will take legal action to recover dues that are in excess of Rs 9,000 crore.

Mallya, promoter of long-grounded Kingfisher Airlines, had left India on March 2, presumably for London, days before the Supreme Court heard a plea of clutch of state-owned banks seeking recovery from his group firms.

Mallya and Kingfisher Airlines owed Rs 7,800 crore to a consortium of 17 lenders led by State Bank, which had an exposure of over Rs 1,600 crore to the now defunct airline.

Other banks that have exposure to the airline include Punjab National Bank and IDBI Bank (Rs 800 crore each), Bank of India (Rs 650 crore), Bank of Baroda (Rs 550 crore), Central Bank of India (Rs 410 crore).

UCO Bank has to recover Rs 320 crore, Corporation Bank (Rs 310 crore), State Bank of Mysore, (Rs 150 crore), Indian Overseas Bank (Rs 140 crore), Federal Bank (Rs 90 crore), Punjab & Sind Bank (Rs 60 crore) and Axis Bank (Rs 50 crore).

Credits: Zee news

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All You Need to Know About the Sport of Jallikattu

Jallikattu is certainly a dangerous sports, which poses a risk of life for the participants.

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banned bull taming sport of Tamil Nadu
Jallikattu sport of Tamil Nadu, Wikimedia

By Ruchika Verma

  • Jallikattu is a traditional Tamil sport
  • The sport involves bulls and humans, the latter trying to control the former
  • The sport was banned in 2014, which created a lots of controversy

Jallikattu or Sallikkattu, also known as ‘eru thazhuvuthal’ and ‘manju virattu’ traditionally, was in news last year, around this time due to the ban imposed on it by the Supreme Court. The ban was much hyped and gathered a plethora of media’s attention.

Jallikattu ban was much hyped. Wikimedia Commons
Jallikattu ban was much hyped. Wikimedia Commons

Jallikattu ban has also garnered lots of political attention due to the involvement of Tamil Nadu and Central governments. The issue is much hyed due to the political context involved in it too.

What exactly is Jallikattu ? 

Jallikattu is a traditional sport and spectacle in which bulls of the Pulikulam or Kangayam breeds are released into a crowd of people, and multiple human participants attempt to control the bulls while they try to escape.

Jallikattu is seen as animal cruelty by many activists. Flickr
Jallikattu is seen as animal cruelty by many activists. Flickr

Jallikattu is practised in the Indian state of Tamil Nadu as a part of Pongal celebrations. The districts, Madurai, Thanjavur, and Salem are the most famous for conducting Jallikattu. The game dates back to Tamil classical period, which went back to 400 BC. Ancient Tamil Sangam literature described the practice as ‘Yeru thazhuvuthal’ which literally means “bull embracing.” With time the sport has become synonymous with valour and bravery.

Also Read : Tamil Nadu legalises Jallikattu with a New Law

What happens in Jallikattu and how?

The bulls participating in the game are all lined up behind a narrow gate and released one by one into the arena. The participants have to either control the bull by holding its hump or clutch away a flag attached to the horns. Owners of the bulls often announce prizes for the man who gets the hold of their bull.

The objective of the game is not to kill or overpower the bull, but to hold onto their hump for a certain amount of time or distance.

The participants are only allowed to hold onto the hump of the Bull. www.in.com
The participants are only allowed to hold onto the hump of the Bull. www.in.com

There are three variants to the game. First, when the  bulls are released from an enclosed area. Second, when the bull is directly released into open ground. And third, when bull is tied to a rope as the only restriction, and a team of 7-9 members has to untie the prize from the bull’s horns in 30 minutes of time period.

The gate through which bulls enter the arena are called vadi vasai. The bulls charge at the men standing most near to the gate. One of the rules also say that a participant is only allowed to hold bull’s hump and no other body part. The other rules varies from region to region.

Also Read : Animal rights organisations challenge new law on Jallikattu

Jallikattu Ban and Controversy

Jallikattu is certainly a dangerous sports, which poses a risk of life for the participants.

In 2014, The Supreme Court banned the sport, endorsing the activists’ concerns according to which, Jallikattu is not only cruelty towards the animal, but also poses a threat to humans. According to the data provided, between 2010 and 2014, 17 people were killed and approximately 1000 were injured during Jallikatu.

The Jallikattu ban was protests by many Tamilians.
The Jallikattu ban was protests by many Tamilians.

However, the ban invited a lots of protests. Many Tamil communities called this ban a violation of their culture and tradition.

In 2017, many lawyers plead to remove the ban which was rejected by the court. After requests and arguments of Tamil communities, central government reversed the ban, however, after Supreme Court stuck the order down, the ban was imposed again. However, the government of Tamil Nadu sanctioned the sport and brought it back into the practice.