Kingfisher Airlines
Indian banks pursue UK bankruptcy order against Vijay Mallya
Mallya, meanwhile, remains on bail as the UK Home Office deals with a "confidential" legal issue before UK Home Secretary Priti Patel can sign off on his extradition sought by the Indian government, on charges of fraud and mo
USL writes off Rs 566 cr related to dues from UB Group firms
Diageo-owned United Spirits Ltd today said it has written off Rs 566 crore in connection with recovery of funds that were "diverted" from the company and its subsidiaries to Vijay Mallya-led UB Group firms, including defunct
Bank freezes farmer’s accounts for being Vijay Mallya’s ‘guarantor’
Manmohan Singh, a 54-year-old farmer of a nondescript village here, does not even know who Vijay Mallya is, but his banking facilities have been terminated for standing as "guarantor" for the liquor baron
Agencies will make every endeavour to bring back Vijay Mallya: FM Arun Jaitley
With the UK declining to deport owner of defunct Kingfisher Airlines Vijay Mallya, Finance Minister Arun Jaitley today said investigative agencies will make every endeavour to bring him back to face law.
In bad times, Vijay Mallya’s luxury jet awaits a buyer!
Waiting to be auctioned off by tax authorities for recovery of their dues, the erstwhile 'King of Good Times' Vijay Mallya's private luxury jet is reminiscent of his high-flying days.
CPI says BJP elected Vijay Mallya to Rajya Sabha, asks it to apologise
CPI today demanded apology from BJP for "having had elected" Vijay Mallya to Rajya Sabha and asked if Prime Minister Narendra Modi will react over the episode involving the businessman who is accused of not paying the debts t
Vijay Mallya’s Kingfisher Villa: Lenders seek police help for possession
Senior bankers told FE that with several guards, some of them armed, keeping a watch, it might not be possible to take over the property without support from the police.
Loan defaulters must not be judged by their lifestyle: CII President
As banks continue with their efforts to recover dues worth over Rs 9,000 crore from beleaguered businessman Vijay Mallya, industry body CII's President Naushad Forbes today said loan defaulters should not judged on "moral per
Vijay Mallya’s jet auction: Service tax department buys time to address queries
The luxury airbus was to be auctioned on May 12 to recover part of alleged service tax dues of over Rs 800 crore of defunct Kingfisher Airlines.
North Goa collector allows banks to take over Vijay Mallya’s Kingfisher Villa
In a major setback to liquor baron Vijay Mallya, revenue officials in Goa today allowed the lenders to Kingfisher Airlines to take physical possession of 'Kingfisher Villa' in Candolim.
Court notice to Vijay Mallya on ED’s plea to withdraw personal exemption
A Delhi court has issued notice to liquor baron Vijay Mallya on ED's plea seeking to withdraw the exemption granted to him from personal appearance in a case for allegedly evading summons in connection with purported violatio
SFIO probe of Kingfisher Airlines is on, says government
The Serious Fraud Investigation Office (SFIO), the agency with a mandate to probe white-collar crimes, is investigating the long-grounded Kingfisher Airlines for alleged financial irregularities, Parliament was informed today
Cheque bounce case: Court to pass order against Vijay Mallya on May 9
A local court today said it will pronounce on May 9 its order on the quantum of sentence for beleaguered industrialist Vijay Mallya, who was convicted in two cheque bounce cases filed against him by GMR Hyderabad Internationa
Gave personal guarantee for loans to Kingfisher Airlines under coercion: Vijay Mallya
Embattled tycoon Vijay Mallya has defended his position of not being personally liable for repayment of Rs 9,431 crore loan to now defunct Kingfisher Airlines...
Vijay Mallya hits out again in Kingfisher loan default case; says verify facts before calling me a defaulter
Vijay Mallya tweeted, "In all humility and not in defiance as they report, I would like Indian media to check and verify facts before calling me a defaulter."
India seeks Vijay Mallya’s deportation from the UK
External Affairs Ministry emphasised that India will continue pursuing Mallya's deportation matter with the UK authorities.
SC dismisses Vijay Mallya’s prayer for protection; orders assets details be given to banks
"We don't find any tangible objection in disclosing the assets (of Mallya, his wife and children) to banks," a bench comprising Justices Kurian Joseph and R F Nariman said.
Rs 9,000 crore debt: ‘Not possible to assess Vijay Mallya’s capacity to repay’
A consortium of 13 banks led by the State Bank of India on Monday told the Supreme Court that from the non-disclosure of assets by beleaguered liquor baron Vijay Mallya, it was not possible to assess his capacity to pay their
Vijay Mallya: Rajya Sabha Ethics Committee recommends his expulsion from post of MP
Independent MP and liquor baron Vijay Mallya is all set to face expulsion from Rajya Sabha, with a Parliamentary panel examining the matter related to his alleged loan default of over Rs 9,400 crore rupees, today unanimously
Vijay Mallya appears on UK electoral rolls: Report
Indian liquor baron Vijay Mallya, whose Kingfisher Airlines has been accused of having defaulted on loans of over Rs 9,400 crore and faces legal proceedings, appears on the electoral rolls in the UK with his country home in B
Congress slams NDA govt over Vijay Mallya ‘misusing freedom’
Congress leader Manish Tewari on Monday alleged that the BJP-led NDA Government facilitated Vijay Mallya's escape from the nation as a result of which the liquor baron is misusing that freedom to make all sorts of statements
IDBI loan fraud case: Kingfisher Airlines moves court, terms ED charges false
Terming the Enforcement Directorate (ED) allegations as baseless, the company said Vijay Mallya has not siphoned off Rs 430 crore from IDBI loan to buy property overseas.
Vijay Mallya’s United Breweries denies he diverted loan money to buy property abroad
Embattled liquor baron Vijay Mallya's UB Group today "strenuously denied" the allegation by the Enforcement Directorate that he siphoned off nearly Rs 430 crore...
Vijay Mallya diverted Rs 430 crore for property purchase, says ED
Vijay Mallya, now in Britain, is charged with siphoning off a portion of money involving IDBI loan of Rs 950 crore, which he had borrowed for Kingfisher Airlines.
Loan fraud case: ED seeks non-bailable warrant against Vijay Mallya
In more trouble for beleaguered businessman Vijay Mallya, the Enforcement Directorate today moved the special PMLA court here seeking non-bailable warrant against...
Vijay Mallya’s passport suspended, court moved for NBW against him
Beleaguered industrialist Vijay Mallya, whose Kingfisher Airlines has defaulted on loans of over Rs 9,400 crores and who has taken refuge in Britain, today suffered a major blow...
Wilful defaulters list: CIBIL list has at least five politicians!
If the Kingfisher Airlines loan default case unravels the alleged nexus between bankers and businessmen, a close look into the list of wilful defaulters disclosed by Credit Information Bureau (India) Limited (CIBIL) and banks
