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Search results for ubhl

SC dismisses plea of Vijay Mallya’s UBHL against HC order to wind up the firm
4 years, 2 months ago

SC dismisses plea of Vijay Mallya’s UBHL against HC order to wind up the firm

Live Mint  

New Delhi: The Supreme Court on Monday dismissed a plea filed by United Breweries Holdings Limited of liquor baron Vijay Mallya against an order of the Karnataka High Court upholding the winding up of the firm for recovery of dues payable by Kingfisher Airlines Ltd. A bench comprising justices U U Lalit, Vineet Saran and S Ravindra Bhat refused to …

High Court Wind Assets Order Company Dismisses Plea Mallya
SC Dismisses Plea of Vijay Mallya's UBHL Against HC Order to Wind Up Firm
4 years, 2 months ago

SC Dismisses Plea of Vijay Mallya's UBHL Against HC Order to Wind Up Firm

News 18  

The Supreme Court on Monday dismissed a plea filed by United Breweries Holdings Limited of liquor baron Vijay Mallya against an order of the Karnataka High Court upholding the winding up of the firm for recovery of dues payable by Kingfisher Airlines Ltd. A bench comprising justices UU Lalit, Vineet Saran and S Ravindra Bhat refused to entertain the plea …

Court Wind Assets Order Sbi Dismisses Plea Mallya
[Vijay Mallya-UBHL] About Rs 3,600 Crore Recovered, Rs 11,000 Crore Still Due, SC Told; Dismisses UBHL's Appeal Against Winding Up
4 years, 2 months ago

[Vijay Mallya-UBHL] About Rs 3,600 Crore Recovered, Rs 11,000 Crore Still Due, SC Told; Dismisses UBHL's Appeal Against Winding Up

Live Law  

The Supreme Court on Monday dismissed United Breweries Holdings Ltd.'s appeal against the Karnataka High Court's decision as regards its winding up for recovery of dues payable to Kingfisher airlines. "900 crores, which is the amount of the loan disbursed by the IDBI", said Mr. Desai. "SBI has a decree worth 15000 crores", replied Mr. Rohatgi. "But the winding up …

Justice Court Assets Order Crore Crores Fir
You Better Wear Both Hats, SC Tells SG Tushar Mehta in Mallya's UBHL Winding Up Case
4 years, 4 months ago

You Better Wear Both Hats, SC Tells SG Tushar Mehta in Mallya's UBHL Winding Up Case

News 18  

An interesting exchange took place in the Supreme Court between the bench and Solicitor General Tushar Mehta during the proceedings on winding-up of liquor baron Vijay Mallya-held United Breweries Ltd. As Mehta repeatedly called Mallya a fugitive who does not deserve any indulgence by the Court, the bench of Justices Uday U Lalit and Vineet Sharan reminded the law officer …

Court Assets Mehta Bench Sharan Banks Justice
Banks allowed to utilise Mallya’s movable assets to clear debt
5 years ago

Banks allowed to utilise Mallya’s movable assets to clear debt

The Hindu  

A special court here has permitted a consortium of 15 banks led by the State Bank of India to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt. The assets, comprising financial securities like shares of the United Breweries Holdings Ltd, were attached by the special Prevention of Money Laundering Act court in 2016 when …

Court Assets Movable Assets Mallya
Damned if you do, damned if you don't: Vijay Mallya lashes out at banks
5 years, 9 months ago

Damned if you do, damned if you don't: Vijay Mallya lashes out at banks

India Today  

Soon after over 74 lakh shares held by absconding businessman Vijay Mallya in United Breweries Holdings Limited were sold for over Rs 1,000 crore on Wednesday, he attacked PSU banks on Twitter. Mallya said, "So much so for branding me a thief who stole PSU Bank money and ran away. A few days ago, when PSU banks came to airline …

Banks Psu Psu Banks Jet Airways Vijay Mallya Damned Psu Bank
Sale of Vijay Mallya’s United Breweries shares fetch ₹1,008 crore: ED
5 years, 9 months ago

Sale of Vijay Mallya’s United Breweries shares fetch ₹1,008 crore: ED

Live Mint  

New Delhi: The sale of over 74 lakh shares held by absconding businessman Vijay Mallya in United Breweries Holdings Ltd by Bengaluru-based Debt Recovery Tribunal has fetched ₹1,008 crore, the Enforcement Directorate said Wednesday. ED said the UBHL shares attached by the agency as part of its money laundering probe against Mallya were lying with Yes Bank. "Based on the …

Bank Shares Mallya Vijay Mallya United Breweries Ubhl
Sale of Vijay Mallya's shares worth Rs 1,000 cr cleared; liquidator to sell 7.4 mn United Breweries' stocks today
5 years, 9 months ago

Sale of Vijay Mallya's shares worth Rs 1,000 cr cleared; liquidator to sell 7.4 mn United Breweries' stocks today

Firstpost  

This is the first sale of Vijay Mallya’s confiscated assets by the authorities since he left the country in March 2016 Mumbai: In a major step to partly recover outstanding dues from Vijay Mallya, a PMLA court on Tuesday rejected United Breweries Holdings’ plea to stay the proposed sale of shares worth around Rs 1,000 crore of its erstwhile subsidiary …

Court Sale Shares Pmla Mallya Vijay Mallya Drt
Sale of UBHL shares of Mallya fetch Rs 1,008 cr: ED
5 years, 9 months ago

Sale of UBHL shares of Mallya fetch Rs 1,008 cr: ED

India Today  

The sale of shares, held by absconding businessman Vijay Mallya in United Breweries Holdings Limited, by the Debt Recovery Tribunal has fetched Rs 1,008 crore, the ED said Wednesday. The Enforcement Directorate said the shares, attached by the agency as part of its money laundering probe against the liquor baron, were lying with Yes Bank and the Karnataka High Court …

Shares Vijay Mallya Ubhl Mallya Fetch
United Spirits Ltd., United Breweries Holding Ltd. And Vijay Mallya Are Separate Entities: Sr. Advocate P Chidambaram
5 years, 10 months ago

United Spirits Ltd., United Breweries Holding Ltd. And Vijay Mallya Are Separate Entities: Sr. Advocate P Chidambaram

Live Law  

United Spirits Limited argued before the Karnataka High Court that despite the fact that USL has repaid the entirety of its loan from IDBI, the bank is incorrectly refusing to release the securities. The bank is maintaining that it is holding the securities on the ground that loans taken by Kingfisher Airlines Limited remain unpaid. He argued that as USL …

Loan Securities Idbi Vijay Mallya Ubhl Usl Argued
Court declares Vijay Mallya a fugitive economic offender under new law
6 years ago

Court declares Vijay Mallya a fugitive economic offender under new law

The Hindu  

Absconding liquor baron Vijay Mallya on Saturday became the first person to be declared a fugitive economic offender by the special court hearing cases under the Fugitive Economic Offenders Act. Several non bailable warrants were issued against Mr. Mallya, who was declared a ‘proclaimed offender’ and an ‘absconder’ by the special Prevention of Money Laundering Act court. Azmi said the …

Court Vijay Mallya Offender Feoa
CBI likely to file chargesheet against Vijay Mallya in a month, bank officials also to be named as accused
6 years, 3 months ago

CBI likely to file chargesheet against Vijay Mallya in a month, bank officials also to be named as accused

Firstpost  

CBI has already filed a charge sheet against Mallya in 2017 in connection with a separate case related to Rs 900 crore pending loan given by IDBI bank in which senior officials of the bank were allegedly involved New Delhi: Many senior bank officials who had dealt with loans given to liquor baron Vijay Mallya’s Kingfisher Airlines may be named …

Airlines Bank Officials Crore Cbi Fir Banks
ED seeks 'fugitive' tag for Vijay Mallya under new ordinance
6 years, 6 months ago

ED seeks 'fugitive' tag for Vijay Mallya under new ordinance

ABP News  

New Delhi, June 22 : The Enforcement Directorate on Friday filed an application before a special Mumbai court for declaring liquor baron Vijay Mallya as a fugitive economic offender. Two separate Enforcement Case Information Reports were registered by ED under Prevention of Money Laundering Act, 2002 for an investigation into the offense of Money Laundering, against Mallya, Kingfisher Airlines, United …

India Mumbai Money Laundering Mallya Ubhl
Vijay Mallya arrest ordered in fresh money laundering case chargesheet; court issues summons to Kingfisher Airlines, UB
6 years, 6 months ago

Vijay Mallya arrest ordered in fresh money laundering case chargesheet; court issues summons to Kingfisher Airlines, UB

Firstpost  

The court issues a non-bailable warrant for Vijay Mallya’s arrest, taking cognisance of a fresh charge sheet filed against him and others by the Enforcement Directorate. Mumbai: A special court on Wednesday ordered arrest of fugitive liquor baron Vijay Mallya for his alleged involvement in a case of money laundering and cheating a consortium of banks of over Rs 6,000 …

Money Laundering Charge Sheet Vijay Mallya Vijay Mallya Kingfisher Airlines
ED files fresh charge sheet against embattled ex-liquor baron Vijay Mallya; prepares for fugitive tag
6 years, 6 months ago

ED files fresh charge sheet against embattled ex-liquor baron Vijay Mallya; prepares for fugitive tag

Firstpost  

The ED had last year filed its first charge sheet against Vijay Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case The Enforcement Directorate on Monday filed a fresh charge sheet against embattled former liquor baron Vijay Mallya, two companies linked to him and others on charges of money laundering, for allegedly cheating a …

Charge Crore Sheet Mallya Vijay Mallya Kfa Kingfisher Airlines