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  • Vijay Mallya's United Breweries moves SC, offers to settle Rs 14,000 crore dues: Report Aug 28, 2020 08:02 PM IST

    Vijay Mallya's United Breweries moves SC, offers to settle Rs 14,000 crore dues: Report

    The company moved the Supreme Court against the Karnataka High Court's March 6 order that upheld its February 2017 order directing the winding up of UBHL for recovery of dues payable by Kingfisher Airlines Limited.

  • Vijay Mallya seeks asylum in the UK on humanitarian grounds: Report Jun 09, 2020 10:26 PM IST

    Vijay Mallya seeks asylum in the UK on humanitarian grounds: Report

    The point being made in the case, as per a report, is that the extradition to India could endanger his health.

  • Vijay Mallya's extradition to India being held up by a 'confidential' legal issue: Report Jun 04, 2020 04:58 PM IST

    Vijay Mallya's extradition to India being held up by a 'confidential' legal issue: Report

    No estimate was given of how long resolution of the legal issue will take

  • Is Vijay Mallya being brought to Mumbai? Here's a lowdown on what's in store Jun 03, 2020 09:50 PM IST

    Is Vijay Mallya being brought to Mumbai? Here's a lowdown on what's in store

    On May 14, he lost his final appeal against extradition to India in the United Kingdom's Supreme Court.

  • Vijay Mallya saga: Endgame for ‘the King of Good Times’ but what next for his lenders? Apr 21, 2020 09:01 AM IST

    Vijay Mallya saga: Endgame for ‘the King of Good Times’ but what next for his lenders?

    Mallya's holding in United Breweries is 11.04 percent which has a value Rs 2,696 crore and that of United Spirits (1.52 percent) at Rs 582 crore. In total, if banks manage to sell these share holdings on April 20, banks would get Rs 3,278 crore.​ But selling these shares and recovering money isn’t that easy.

  • Vijay Mallya extradition case: Here is a timeline of the liquor baron's downfall Apr 20, 2020 06:06 PM IST

    Vijay Mallya extradition case: Here is a timeline of the liquor baron's downfall

    The businessman is wanted by the Indian government under charges of financial fraud to the tune of about Rs 9,000 crore in borrowings from several Indian banks by the now-defunct Kingfisher Airlines.

  • Four years after his flight to UK, getting back Vijay Mallya, and the Rs 10,000 crore he owes is a fading hope Feb 20, 2020 02:59 PM IST

    Four years after his flight to UK, getting back Vijay Mallya, and the Rs 10,000 crore he owes is a fading hope

    Bankers forgot the golden rules before the flamboyant liquor baron and lent to an airline that never made profits in its eight years of existence.

  • RBI imposes Rs 50 lakh fine on PNB for delay in reporting fraud in Kingfisher Airlines account Aug 03, 2019 03:47 PM IST

    RBI imposes Rs 50 lakh fine on PNB for delay in reporting fraud in Kingfisher Airlines account

    In a separate filing, Bank of Baroda said the RBI has imposed a fine of Rs 50 lakh on it for delay in reporting fraud in an account.

  • Vijay Mallya repeats offer of 100% payback for Indian banks Apr 29, 2019 04:45 PM IST

    Vijay Mallya repeats offer of 100% payback for Indian banks

    The 63-year-old former Kingfisher Airlines boss is currently appealing against his extradition order from the UK to India to face charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.

  • Wings clipped: 12 airlines that hit turbulence and were forced to shut shop Apr 19, 2019 07:53 AM IST

    Wings clipped: 12 airlines that hit turbulence and were forced to shut shop

    Check out this video to find out 12 Indian carriers that didn’t get a lifeline from the government and perished due to rising debt.

  • Why do airlines in one of the fastest growing aviation markets bite the dust? Apr 18, 2019 09:14 AM IST

    Why do airlines in one of the fastest growing aviation markets bite the dust?

    Why Jet Airways falling off the radar is no surprise

  • 3 Point Analysis | UK court orders Mallya’s extradition: What’s next? Dec 17, 2018 12:17 PM IST

    3 Point Analysis | UK court orders Mallya’s extradition: What’s next?

    Sakshi Batra does a 3 point analysis of the latest court verdict and what can be expected in India's bid to extradite Vijay Mallya.

  • Opinion | Freebies are wants, not must-haves — whittle your expectations, flyers Nov 27, 2018 11:55 AM IST

    Opinion | Freebies are wants, not must-haves — whittle your expectations, flyers

    As airlines scrape the bottom of the barrel to extract every rupee from passengers, flyers expect too much for too little

  • Vijay Mallya fights UBS move to foreclose London house loan Oct 10, 2018 02:06 PM IST

    Vijay Mallya fights UBS move to foreclose London house loan

    This property, overlooking the Regent Park, was used by Mallya as his family home.

  • Opinion | Urjit Patel is right. Corruption is not about character flaws, it's about economic incentives Sep 24, 2018 09:13 AM IST

    Opinion | Urjit Patel is right. Corruption is not about character flaws, it's about economic incentives

    When it comes to white-collar crime, the rewards for breaking rules far outweigh the risks of flouting laws and getting punished if spotted.

  • CBI to file fresh charge sheet against finance ministry officials in Vijay Mallya case: Report Sep 14, 2018 01:08 PM IST

    CBI to file fresh charge sheet against finance ministry officials in Vijay Mallya case: Report

    The agency is specifically investigating the role of the then Government of India Joint Secretary (banking), Amitabh Verma, as they found several references to in Mallay's emails.

  • Special court summons Vijay Mallya on August 27 under fugitive offenders ordinance Jun 30, 2018 05:12 PM IST

    Special court summons Vijay Mallya on August 27 under fugitive offenders ordinance

    A special PMLA court here today summoned beleaguered liquor baron Vijay Mallya to appear before it on August 27 on the Enforcement Directorate's plea seeking action against him under the fugitive economic offenders ordinance in the over Rs 9,000 crore bank fraud case.

  • Opinion | Why Vijay Mallya must be made to face the law even if he settles dues Jun 27, 2018 04:43 PM IST

    Opinion | Why Vijay Mallya must be made to face the law even if he settles dues

    A financial settlement with Mallya will give confidence to businessmen who have had serious financial fraud charges against them that they can buy their way out of a jail term.

  • NSE to delist Kingfisher, Plethico Pharma, 16 others from May 30 May 21, 2018 12:58 PM IST

    NSE to delist Kingfisher, Plethico Pharma, 16 others from May 30

    The decision comes at a time when authorities are clamping down on shell companies - listed as well as unlisted - for being allegedly used as conduits for illicit fund flows.

  • Mallya's defence team raising issues to delay extradition: Kiren Rijiju Jan 12, 2018 07:30 PM IST

    Mallya's defence team raising issues to delay extradition: Kiren Rijiju

    Minister of State for Home Kiren Rijiju said the Indian government is confident about its evidence and satisfied with the cooperation from the UK side on extradition matters.

  • India seeks UK's help in early extradition of Vijay Mallya Jan 11, 2018 06:55 PM IST

    India seeks UK's help in early extradition of Vijay Mallya

    During the bilateral meeting with UK Minister for Security and Economic Crime, Ben Wallace, Union Minister of State for Home Kiren Rijiju was made aware of the undergoing case at the Westminster Magistrates' Court in London.

  • Govt doesn't want Air India to go Kingfisher Airlines way: Ashok Gajapathi Raju Dec 28, 2017 01:35 PM IST

    Govt doesn't want Air India to go Kingfisher Airlines way: Ashok Gajapathi Raju

    The government does not want anyone working in Air India to lose job, Raju said in the Lok Sabha, adding that the disinvestment process of the national carrier has been initiated.

  • New innings: Air Deccan takes to the skies again Dec 13, 2017 02:14 PM IST

    New innings: Air Deccan takes to the skies again

    Air Deccan is set to re-launch operations with its first flight under the government's Ude Desh Ka Aam Nagrik (UDAN) scheme on December 23.

  • UK: Vijay Mallya trial to hear evidence from political expert Dec 12, 2017 02:29 PM IST

    UK: Vijay Mallya trial to hear evidence from political expert

    Lawrence Saez, a professor in the Department of Politics at the School of Oriental and Asian Studies (SOAS) in London, is set to take the stand first at Westminster Magistrates' Court this morning to give his expert opinion on the Indian political system.

  • UK: Vijay Mallya trial resumes, more defence witnesses to depose Dec 11, 2017 01:58 PM IST

    UK: Vijay Mallya trial resumes, more defence witnesses to depose

    The 61-year-old will be back in the dock at Westminster Magistrates' Court in London for day four of the hearing when his defence led by barrister Clare Montgomery, is set to depose two further witnesses in its attempt to prove that the airline's alleged default of around Rs 9,000 crore worth of bank loans was the result of business failure rather than "dishonest" and "fraudulent" activity by its owner.

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