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
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
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 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
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
The CBI will soon be sending judicial requests to at least five countries, including the US and the UK, to seek information about alleged diversion of loans received by now defunct Kingfisher Airlines from IDBI Bank.
With banks having rejected Rs 4,000 crore offer made by 'wilful defaulter' Vijay Mallya to settle dues of over Rs 9,000 crore, industry body Assocham has asked them to be open to negotiations and cut losses.
A group of Indian lenders is set to reject businessman Vijay Mallya's offer to repay Rs 40 billion ($600 mn), less than half of what his defunct Kingfisher Airlines owes them, sources with knowledge of the matter said.