Jul 25, 2016 at 20:58 | Source: PTI
The Kingfisher Airlines Limited, a holding company of Vijay Mallya, today said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restructuring Agreement between both parties, which caused needless damages to the firm's business.
Jul 22, 2016 at 07:34 | Source: PTI
Submitting grounds for seeking cross-examination of the documents submitted by bankers, Mallya and UBHL's counsel said the statements of interest levied on loans availed in the documents did not bear signatures and seals.
Jul 21, 2016 at 08:46 | Source: PTI
"But it seems a bit contradictory and disconcerting, that just because I'm not physically present in India, that they should issue an arrest warrant and cancel my passport. What confidence does that give me about their real intentions," the 60-year-old asked.
Jul 16, 2016 at 17:20 | Source: PTI
The court, which had summoned Mallya as accused today, fixed the matter for the next date after it was told by the counsel appearing for the businessman that its summoning order had been challenged before the High Court.
Jul 15, 2016 at 19:36 | Source: PTI
Dutch beer major Heineken had filed an application before the Debt Recovery Tribunal, seeking to be impleaded in the case to enjoy Right of First Refusal (ROFR) over UBL shares.
Jul 15, 2016 at 19:00 | Source: PTI
The submission was made before a bench of Justice P S Teji where Mallya's counsel sought setting aside of trial court orders summoning him as an accused in the cheque bounce cases by citing that there was a full-time CEO.
Jul 13, 2016 at 21:50 | Source: PTI
The Service Tax Department as part of the original application is seeking recovery of over Rs 1,000 crore debt from Vijay Mallya and his subsidiary companies.
Jul 11, 2016 at 09:14 | Source: PTI
The company also made it clear that the earlier settlement reached with the Indian businessman would not absolve him of the claims arising out of the latest findings of an internal 'Additional Inquiry'.
Jul 10, 2016 at 18:27 | Source: Reuters
USL said that some of the transactions appeared to have been initiated before that period. The company, a unit of Diageo, also said that independent experts had been engaged to assist in the inquiry.
Jun 28, 2016 at 21:20 | Source: PTI
Beleaguered businessman Vijay Mallya may be declared a proclaimed offender if he does not present himself before a PMLA court by July 27 in connection with a case of alleged loan fraud