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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- 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.
- Supreme Court gives Vijay Mallya last chance to present arguments in contempt case
Mallya is convicted of contempt of court and the issue before the Supreme Court now remains to be the quantum of punishment to be awarded to him.
- Vijay Mallya desperately fights eviction from his signature London house
Swiss bank UBS has managed to get a possession order from a London court; Vijay Mallya is on the verge of losing the house with a gold toilet.
- Vijay Mallya faces prospect of bailiffs knocking on doors of his luxury London home any time now
The 65-year-old former Kingfisher Airlines boss intends to appeal against the ruling on Tuesday, when a High Court procedural judge concluded that Mallya's position in the matter was completely hopeless at the end of an extended stay from eviction due to the pandemic.
- Unpaid loans may drive Vijay Mallya out of his London residence, orders UK court
The judge also declined permission to appeal against his order or to grant a temporary stay of enforcement, which means UBS can proceed with the possession process to realise its unpaid dues.
- When the UK Home Office revokes visas to curb corruption
Mounting criticism that London is used for money laundering led to Pakistani billionaire losing 10-year multi-entry visit visa, but questions remain on investor visa that provided refuge to Nirav Modi.
- “Waited long enough”, Supreme Court to hear Vijay Mallya’s contempt case in January for final disposal
Vijay Mallya’s personal presence is not possible due to the legal proceedings going on in the UK where the fugitive is residing currently.
- SC proposes to go ahead with hearing on sentence in contempt proceeding against Vijay Mallya
On January 18 this year, the Centre told the top court that the government is making all efforts to extradite Vijay Mallya from the United Kingdom but the process is being delayed due to some legal issues involved in the matter.
- Why rich people in need of financial wizardry often flock to the UK and its outposts including British Virgin Islands
Vijay Mallya, Nirav Modi, Pramod Mittal, Lalit Modi have added a strong Indian flavour to London as a destination for dubious, failed, problematic business enterprises.
- Review | 'If I’m Honest' talks about Vijay Mallya, but that's not why you should read it
This book is for readers who've been told that their mental health issues are a figment of their imagination.
- Vijay Mallya’s Kingfisher House sold for Rs 52 crore
Vijay Mallya has been declared a wilful defaulter and is wanted by Indian authorities for default in payment of loans related to Kingfisher Airlines that was grounded in 2012.
- Can a bankrupt Vijay Mallya still live as a baron?
Legal experts have mixed opinions over what the tag of bankruptcy granted by a UK court means for Vijay Mallya.
- Vijay Mallya bankrupt, declares London High Court
The ruling will help the consortium of Indian banks led by the State Bank of India to recover debt from loans given to Vijay Mallya’s now-defunct Kingfisher Airlines by seizing his India assets.
