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Vijay Mallya
Vijay Vittal Mallya (born December 18, 1955) is an Indian businessman, entrepreneur, and former Member of Parliament. He is best known as the former owner of United Breweries Group and Kingfisher
...Read more- MoS for Finance Bhagwat Karad lists loan amount not paid by fugitive economic offenders
These FEOs owe a combined amount of Rs 37,185.83 crore in loans to Indian banks.
- Ramesh Chauhan: The entrepreneur who knows when to get in and get out of a business
Chauhan isn’t like most entrepreneurs who get married to their businesses and stay on till death parts them – in many cases, it’s the death of the business itself.
- McDowell Holdings ownership battle exposes loopholes in IBC process, say experts
The McDowell Holdings-Sun Star Hotels case has put the spotlight back on the efficacy of the bankruptcy law as a tool to resolve the problem of bad debts
- SC to consider reports filed by debt recovery officer in fund transfer case against Vijay Mallya
A bench comprising Chief Justice Uday Umesh Lalit and Justice S Ravindra Bhat will also peruse the reports of the central government in the case filed by a consortium of banks led by State Bank of India in 2016 against Mallya and others.
- Vijaya Mallya tweets on Ganesh Chaturthi, Twitter remarks 'This guy only tweets when banks are...'
Interestingly, Mallya's Twitter timeline does reveal that the businessman posts mostly during Indian festivals which generally correspond with bank holidays.
- Five promoters who siphoned funds overseas, defrauded Indian banks
Prior to the government’s new overseas investment rules, bankers learned some hard lessons in the corporate loan business
- Govt’s new overseas investment rules to aid banks’ loan recovery, stop asset theft: Bankers
The government’s new norms for overseas investment make it tougher for loan defaulters and others being probed by investigative agencies and regulators to siphon off funds out of the country
- SC sentences Vijay Mallya to 4 month jail in contempt of court case
Mallya had disbursed an amount of $40 million to his family members in violation of court orders.
- Supreme Court fines Mallya Rs 2,000, asks to deposit $40 million with interest in 4 weeks
Supreme Court noted that Mallya showed no remorse nor did he apologise for the actions for which he was found guilty of contempt.
- UK judge rules appeals petitions by Vijay Mallya, banks to be heard together
Whatever be the outcome, the matter will likely be appealed again by the losing party.
- Supreme Court’s decision on Siva Industries may set a good precedent for IBC cases, experts say
The court’s June 3 order will give more power to lenders and ensure speedy recovery in cases under the bankruptcy court, according to bankers and legal experts
- Thalapathy Vijay: A superstar's journey, from child actor to action hero
Star and darling of the Tamil film industry, Vijay, 47, started out as a child artiste. He was introduced by his father - director and producer S.S. Chandrashekar.
- The Funnycontrol Awards: Oscars for financial actors
The Funnycontrol Awards or as we call it Oscars for financial actors like Vijay Mallya, Nirav Modi, or business news anchors. Let’s look at some of the award categories for this year.
- Rs 19,000 crore-worth assets of fugitive Vijay Mallya, Nirav Modi, Mehul Choksi seized: Govt
The trio have defrauded public sector banks to the tune of Rs 22,585.83 crore by siphoning off funds through entities linked to them, MoS Finance Pankaj Chaudhary said in the Rajya Sabha.
- Supreme Court reserves order on sentencing for Vijay Mallya in contempt case
No oral submissions were made on behalf of Mallya. The counsel representing Mallya expressed his inability to get instructions from him.
- SC adjourns hearing on contempt case against Vijay Mallya
A bench comprising justices U U Lalit, S Ravindra Bhat and P S Narasimha on Wednesday posted the contempt case for hearing at 2 PM Thursday after senior advocate and amicus curiae Jaideep Gupta sought adjournment on grounds that he would be busy arguing another case.
- Rs 19,111 crore assets attached out of total fraud by Vijay Mallya, Nirav Modi & Mehul Choksi: Centre tells SC
The figures were mentioned in the note submitted by Solicitor General Tushar Mehta in the apex court, which is hearing arguments on a batch of petitions concerning the interpretation of certain provisions of the Prevention of Money Laundering Act (PMLA).
- Rs 18,000 crore recovered from Vijay Mallya, Nirav Modi and Mehul Choksi
Finance Minister Nirmala Sitharaman in December last year, had informed that as of July 2021 banks had recovered Rs 13,109 crore after the sale of assets belonging to the three. At the time the latest tranche of recoveries was valued at Rs 792 crore.
- Who's the GOAT? Virat Kohli, Rohit Sharma, MS Dhoni fans weigh in on Twitter
While Twitter users battled it out, the goat hashtag appeared with other celebrity names too such as actors Salman Khan, Prabhas, Vijay, NTR and even tennis player Rafael Nadal.
- What happens in the Bahamas... Vijay Mallya saves his signature London home - again
A favourable ruling by the Supreme Court of Bahamas on February 11, 2022, unlocks trust funds, means that UBS can redeem the mortgage on the house and any associated interest.
