Apr 21, 2020 09:30 AM IST
The 64-year-old former Kingfisher Airlines boss reiterated that he has repeatedly offered to pay the Indian banks the loan amount owed by his now-defunct airline, an offer which the banks have rejected.
- Apr 21, 2020 09:01 AM IST
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.
- Apr 20, 2020 07:29 PM IST
The two entrepreneurs started off their careers from two different worlds. But now find themselves in similar circumstances
- Apr 20, 2020 07:02 PM IST
Mallya now has 14 days’ time to apply for a certificate from the High Court that would state that an arguable point of law of general public importance was overlooked by both courts that heard his appeal
- Apr 20, 2020 05:56 PM IST
Bollywood actor Sanjay Dutt was housed here when he served his sentence.
- Apr 20, 2020 03:33 PM IST
Mallya had appealed against a 2018 decision that allowed his extradition to India.
- Apr 10, 2020 07:20 AM IST
Justice Michael Briggs of the insolvency division of the High Court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka High Court be determined, allowing him time to repay his debts to the banks in full.
- Mar 31, 2020 09:53 AM IST
Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore, also said all his companies have effectively ceased operations and manufacturing following the lockdown in India.
- Feb 20, 2020 02:59 PM IST
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.
- Feb 14, 2020 05:46 PM IST
Mallya lawyers told the British High Court this week that he had been the victim of the airline industry's misfortunes and had no fraudulent intentions behind seeking loans for his now-defunct airline.
- Feb 14, 2020 08:15 AM IST
The 64-year-old former Kingfisher Airlines boss, wanted in India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores in unpaid bank loans, said the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) are fighting over the same assets and not treating him reasonably in the process.
- Feb 13, 2020 05:10 PM IST
Mallya, 64, who is wanted in India on charges of fraud and money laundering amounting to Rs 9,000 crores in unpaid bank loans, said he felt "good" as he entered the court.
- Feb 13, 2020 08:29 AM IST
Mallya, 64, is wanted in India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores in unpaid bank loans.
- Feb 11, 2020 04:48 PM IST
Mallya had received permission to appeal on one ground, which challenges the Indian government's prima facie case against him of fraudulent intentions in acquiring bank loans for his now-defunct Kingfisher Airlines.
- Feb 10, 2020 09:14 PM IST
The 64-year-old former Kingfisher Airlines boss, who remains on bail since his arrest on an extradition warrant in April 2017, had sought permission to appeal from the High Court against the extradition order.
- Jan 27, 2020 07:38 PM IST
During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Vijay Mallya's son Siddharth Mallya was the ultimate beneficial owner of the yacht.
- Jan 20, 2020 09:39 PM IST
Senior advocate S Guru Krishna Kumar, appearing for Mallya, said at the outset that other petitions filed by him were coming up for consideration before another bench.
- Jan 06, 2020 11:40 AM IST
A bench headed by Chief Justice S A Bobde passed the order after the Centre told the top court that Mallya used pendency of his plea to stall the UK court from delivering verdict in insolvency proceedings.
- Jan 01, 2020 02:11 PM IST
The assets, comprising financial securities like shares of the United Breweries Holdings Ltd (UBHL), were attached by the special Prevention of Money Laundering Act (PMLA) court in 2016 when it declared Mallya a proclaimed offender.
- Dec 11, 2019 09:10 PM IST
Judge Michael Briggs presided over the ongoing hearing in the insolvency division of the court on a bankruptcy petition filed by the banks last year, in relation to lending by Mallya's now-defunct Kingfisher Airlines.
- Dec 11, 2019 08:12 AM IST
A previous UK High Court ruling had refused to overturn a worldwide order freezing vIJAY Mallya's assets
- Aug 07, 2019 09:31 PM IST
In the wake of the death of Cafe Coffee Day founder V G Siddhartha, Sitharaman made the statement while responding to the debate on the amendments to the Insolvency and Bankruptcy Code (IBC) in the Lok Sabha last Thursday.
- Aug 02, 2019 12:40 PM IST
Brand and job creation are all fine, but that’s no ticket to a compensatory legal reprieve.
- Jul 31, 2019 04:40 PM IST
The 63-year-old former Kingfisher Airlines boss, who is fighting extradition to India in relation to fraud and money laundering allegations, accused the government of not doing enough to support entrepreneurs in debt.
- Jul 30, 2019 02:08 PM IST
Investigating agencies believe the arrangement has been in effect for a minimum one year