




As the fugitive businessman left the stadium after the match concluded, the crowd surrounded him and chanted "Vijay Mallya chor hai"
Diageo is seeking a total of USD 175 million from the 63-year-old businessman and was successful in one aspect of that claim as it was awarded a "summary judgment" by Justice Robin Knowles, who dismissed Mallya's reliance on an alleged oral promise from Diageo dating back to February 2016.
Vaibhavi Khanwalkar gets in a conversation with Moneycontrol's Deputy Executive Editor, Ravi Krishnan to find out the implications of this move.
In a series of tweets reacting to banks led by SBI taking over management control of troubled Jet Airways, Mallya said,"...Only wish the same was done for Kingfisher".
Watch the video to know what will happen after the United Kingdom Home Secretary ordered the extradition of Vijay Mallya and more.
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.
Mallya is currently in United Kingdom on bail on an extradition warrant. His tweets came hours after Christian Michel, the alleged middleman in the AgustaWestland deal was extradited to India by the UAE
The property was referred to in the UK High Court as a "high class home for Dr Vijay Mallya and his family members and United Breweries Group corporate guests".
The bank did not act on the legal advice they had received to restrain Mallya when he flew back to London
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.
The application said the "estimated value of properties proposed for confiscation is to the tune of Rs 12,500 crore approximately, which includes immovable properties as well as movable properties in form of shares."
The claim brought by 13 Indian banks against Vijay Mallya was heard in the High Court last month.
Govt is fast-tracking a draft law that will allow “non-conviction” based seizure.
India's case to bring back the 61-year old businessman will be represented through the Crown Prosecution Service (CPS) of the British government.
While some entities linked to Mallya are already being probed by Sebi and other agencies, any fresh disclosure in the leaked documents made public by ICIJ (International Consortium of Investigative Journalists) would be thoroughly looked into, senior officials said.
He was granted bail by the London Court after providing security and bail bond.
A bench comprising of Justices A K Goel and U U Lalit fixed the matter for hearing on July 14 and sought the assistance of the Solicitor General in the case.
The Mumbai property failed to attract bidders even after lowering the reserve price to Rs 93.50 crore.
Labelled a willful defaulter by banks, Mallya owes lenders Rs 8,191 crore as on December 31, 2016, according to a written reply in the Rajya Sabha by Minister of State for Finance Santosh Kumar Gangwar.