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  • Disappointed, but will continue legal fight against extradition: Vijay Mallya Apr 21, 2020 09:30 AM IST

    Disappointed, but will continue legal fight against extradition: Vijay Mallya

    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.

  • 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.

  • Tale of two men: Even as Vijay Mallya is forced back to India, Naresh Goyal looks for a way out Apr 20, 2020 07:29 PM IST

    Tale of two men: Even as Vijay Mallya is forced back to India, Naresh Goyal looks for a way out

    The two entrepreneurs started off their careers from two different worlds. But now find themselves in similar circumstances

  • Vijay Mallya loses appeal against extradition in UK court: What is the way ahead? Apr 20, 2020 07:02 PM IST

    Vijay Mallya loses appeal against extradition in UK court: What is the way ahead?

    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

  • Vijay Mallya's extradition: Revisiting his Arthur Road jail cell details Apr 20, 2020 05:56 PM IST

    Vijay Mallya's extradition: Revisiting his Arthur Road jail cell details

    Bollywood actor Sanjay Dutt was housed here when he served his sentence.

  • UK court dismisses Vijay Mallya’s appeal against 2018 extradition order Apr 20, 2020 03:33 PM IST

    UK court dismisses Vijay Mallya’s appeal against 2018 extradition order

    Mallya had appealed against a 2018 decision that allowed his extradition to India.

  • Vijay Mallya gets bankruptcy reprieve from UK High Court Apr 10, 2020 07:20 AM IST

    Vijay Mallya gets bankruptcy reprieve from UK High Court

    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.

  • Vijay Mallya asks FM Sitharaman to consider his offer to repay Kingfisher Airlines' dues Mar 31, 2020 09:53 AM IST

    Vijay Mallya asks FM Sitharaman to consider his offer to repay Kingfisher Airlines' dues

    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.

  • 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.

  • Vijay Mallya says ED, CBI been 'totally unreasonable' Feb 14, 2020 05:46 PM IST

    Vijay Mallya says ED, CBI been 'totally unreasonable'

    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.

  • Please banks, take your money, says Vijay Mallya Feb 14, 2020 08:15 AM IST

    Please banks, take your money, says Vijay Mallya

    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.

  • Vijay Mallya's appeal in UK court against extradition to India enters final day Feb 13, 2020 05:10 PM IST

    Vijay Mallya's appeal in UK court against extradition to India enters final day

    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.

  • Vijay Mallya appeal: UK High Court told of overwhelming evidence of dishonesty Feb 13, 2020 08:29 AM IST

    Vijay Mallya appeal: UK High Court told of overwhelming evidence of dishonesty

    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.

  • Vijay Mallya arrives for UK High Court appeal against extradition to India Feb 11, 2020 04:48 PM IST

    Vijay Mallya arrives for UK High Court appeal against extradition to India

    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.

  • UK High Court to hear Vijay Mallya's appeal against extradition to India on Tuesday Feb 10, 2020 09:14 PM IST

    UK High Court to hear Vijay Mallya's appeal against extradition to India on Tuesday

    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.

  • UK court orders sale of Force India yacht linked to Vijay Mallya Jan 27, 2020 07:38 PM IST

    UK court orders sale of Force India yacht linked to Vijay Mallya

    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.

  • SC Judge recuses from hearing Vijay Mallya's plea against Karnataka HC order for payment of Rs 3,101 Cr Jan 20, 2020 09:39 PM IST

    SC Judge recuses from hearing Vijay Mallya's plea against Karnataka HC order for payment of Rs 3,101 Cr

    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.

  • Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him: SC Jan 06, 2020 11:40 AM IST

    Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him: SC

    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.

  • Banks allowed to utilise Vijay Mallya's movable assets to clear debt Jan 01, 2020 02:11 PM IST

    Banks allowed to utilise Vijay Mallya's movable assets to clear debt

    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.

  • Indian banks argue for UK court to declare Vijay Mallya bankrupt Dec 11, 2019 09:10 PM IST

    Indian banks argue for UK court to declare Vijay Mallya bankrupt

    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.

  • Indian banks back in UK court over Mallya's non-payment of debt Dec 11, 2019 08:12 AM IST

    Indian banks back in UK court over Mallya's non-payment of debt

    A previous UK High Court ruling had refused to overturn a worldwide order freezing vIJAY Mallya's assets

  • Mallya makes another offer of 100 percent loan payback Aug 07, 2019 09:31 PM IST

    Mallya makes another offer of 100 percent loan payback

    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.

  • Siddhartha saga: Property attachment is by no means tax terrorism Aug 02, 2019 12:40 PM IST

    Siddhartha saga: Property attachment is by no means tax terrorism

    Brand and job creation are all fine, but that’s no ticket to a compensatory legal reprieve.

  • VG Siddhartha's death: Vijay Mallya brands Indian government 'vicious and unrelenting' Jul 31, 2019 04:40 PM IST

    VG Siddhartha's death: Vijay Mallya brands Indian government 'vicious and unrelenting'

    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.

  • Five companies under ED scanner for funding Vijay Mallya's legal costs: Report Jul 30, 2019 02:08 PM IST

    Five companies under ED scanner for funding Vijay Mallya's legal costs: Report

    Investigating agencies believe the arrangement has been in effect for a minimum one year

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