No laxity in dealing with loan default by Vijay Mallya’s Kingfisher Airlines, clarifies SBI
6 years, 4 months ago

No laxity in dealing with loan default by Vijay Mallya’s Kingfisher Airlines, clarifies SBI

India TV News  

The State Bank of India on Friday clarified that there was no laxity on its part in dealing with loan default by fugitive liquor baron Vijay Mallya’s Kingfisher Airlines. The clarification from India’s biggest lender came after reports suggested that the bank, which was the lead lender to Kingfisher Airlines, was in February 2016 advised to move the Supreme Court to stop Mallya from fleeing the nation. Vijay Mallya left the country on March 2, 2016 while 13 banks moved the apex court four days later seeking its intervention to prevent the businessman from leaving the country. “State Bank of India denies that there has been any laxity on its part or its officials in dealing with loan default cases, including kingfisher Airlines.

Sbi Diageo Mallya Vijay Mallya Kingfisher Airlines Loan Default Bank Default  mallyas  mallya  days  laxity  loan  kingfisher  2016  banks  vijay  moved  sbi  clarifies  court  airlines  dealing  diageo  bank  default

History of this topic

Vijay Mallya says 'entitled to relief' after FM tells parl Rs 14,000 cr recovered
3 weeks, 6 days ago

Vijay Mallya says 'entitled to relief' after FM tells parl Rs 14,000 cr recovered

Firstpost  

Vijay Mallya claimed that the Indian banks have recovered more than double the amount owed in the Kingfisher Airlines case and said despite that he is labelled as ’economic offender’. The fugitive businessman also said that he is ’entitled to relief’ after Finance Minister Nirmala Sitharaman told the Parliament that PSUs have recovered Rs 14,131.60 crore from sale of assets …

Fresh blow to Vijay Mallya: SEBI bars fugitive liquor baron from securities trading for 3 years
5 months, 3 weeks ago

Fresh blow to Vijay Mallya: SEBI bars fugitive liquor baron from securities trading for 3 years

India TV News  

The Securities Exchange Board of India on Friday barred Vijay Mallya from trading in India's securities market for three years. Mallya, who owns an 8.1% stake in United Breweries and a 0.01% stake in United Spirits, faces a Rs 9,000 crore bank loan default case involving Kingfisher Airlines. Non-bailable warrant issued On July 1, a special CBI court in Mumbai …

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case
6 months, 2 weeks ago

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case

Hindustan Times  

Fugitive businessman Vijay Mallya is now facing a fresh legal action by the Central Bureau of Investigation as a special CBI court issued a non-bailable warrant against him in the ₹180-crore loan default case linked to Indian Overseas Bank. Fugitive businessman Vijay Mallya The CBI, in its warrant, said the now-defunct Kingfisher Airlines promoter caused a wrongful loss of ₹180 …

Former IDBI GM conspired with Vijay Mallya over short-term loan to Kingfisher Airlines: CBI
1 year, 9 months ago

Former IDBI GM conspired with Vijay Mallya over short-term loan to Kingfisher Airlines: CBI

The Hindu  

A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disbursement of loan to the latter's Kingfisher Airlines, the Central Bureau of Investigation said in its supplementary charge sheet filed in a Mumbai court. As per the charge sheet, former IDBI Bank general manager Buddhadev Dasgupta abused his position, conspired with colleagues and Vijay Mallya in …

Vijay Mallya Had Funds to Repay Banks Before Fleeing, Chose to Buy 'Assets Worth Rs 330 Cr Abroad'
1 year, 9 months ago

Vijay Mallya Had Funds to Repay Banks Before Fleeing, Chose to Buy 'Assets Worth Rs 330 Cr Abroad'

News 18  

The Central Bureau of Investigation in its supplementary chargesheet filed in a Mumbai court has said that beleaguered businessman Vijay Mallya had enough funds with him to repay banks before he fled, but used that money to buy properties abroad instead. The CBI in its supplementary chargesheet said Vijay Mallya bought properties worth Rs 330 crore in England and France …

Borrowers Enter OTS ; Supreme Court Directs Bank To Re-Consider Decision Of Wilful Default
2 years ago

Borrowers Enter OTS ; Supreme Court Directs Bank To Re-Consider Decision Of Wilful Default

Live Law  

The Supreme Court Bench comprising of Justice Surya Kant and Justice J.B. Pardiwala, while adjudicating a petition filed in Orbitz Irrigation Pvt. While the Petitioner was paying further amounts towards OTS proposal, the First Committee vide its order dated 29.07.2021 had declared the Petitioners as wilful defaulters. Decision Of The Court The Bench observed that after being declared wilful defaulters, …

Vijay Mallya: India’s supreme court rules against businessman who fled to UK
2 years, 6 months ago

Vijay Mallya: India’s supreme court rules against businessman who fled to UK

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Supreme Court of India …

Vijay Mallya sentenced to four months in jail by SC in contempt case
2 years, 6 months ago

Vijay Mallya sentenced to four months in jail by SC in contempt case

Deccan Chronicle  

New Delhi: The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya in a contempt case. Observing that it must impose adequate punishment upon the contemnor in order to maintain the “majesty of law”, a bench headed by Justice U U Lalit also imposed a fine of Rs 2,000 on Mallya. While pronouncing the order on Monday, …

₹2000 fine, 4-month jail to Vijay Mallya; ‘didn’t show remorse,’ says SC
2 years, 6 months ago

₹2000 fine, 4-month jail to Vijay Mallya; ‘didn’t show remorse,’ says SC

Live Mint  

The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya, accused in bank loan default case of over ₹9,000 crore involving his defunct Kingfisher Airlines, in a contempt case. Earlier, the apex court, during the hearing, had noted that Mallya behaves like "a free person" in the United Kingdom and no information was forthcoming about the proceedings …

Setback for Vijay Mallya as Supreme Court to declare punishment on Monday
2 years, 6 months ago

Setback for Vijay Mallya as Supreme Court to declare punishment on Monday

Hindustan Times  

The Supreme Court on Monday will declare the punishment for fugitive liquor baron Vijay Mallya in a 2017 contempt case. Fugitive liquor baron Vijay Mallya In February, Solicitor General Tushar Mehta had told the Supreme Court that the banks had recovered a total of ₹18,000 crores from fugitives Vijay Mallya, Nirav Modi and Mehul Choksi. Mallya is currently pursuing appeals …

BREAKING| Supreme Court To Pronounce Sentence Of Vijay Mallya For Contempt Of Court On July 11
2 years, 6 months ago

BREAKING| Supreme Court To Pronounce Sentence Of Vijay Mallya For Contempt Of Court On July 11

Live Law  

The Supreme Court will pronounce the sentence of fugitive liquor baron Vijay Mallya for contempt of court for violation of court orders on July 11.A bench comprising Justices U U Lalit, S Ravindra Bhat and PS Narasimha had reserved orders on the sentence on March 10. The Supreme Court will pronounce the sentence of fugitive liquor baron Vijay Mallya for …

Supreme Court Reserves Orders On Sentence Of Vijay Mallya In Contempt Case
2 years, 10 months ago

Supreme Court Reserves Orders On Sentence Of Vijay Mallya In Contempt Case

Live Law  

The Supreme Court on Thursday reserved orders on the sentence of fugitive liquor baron Vijay Mallya in the contempt of court case against him over violation of orders in a case relating to loan default of over Rs 9000 crores of the defunct Kingfisher airlines.A bench comprising Justice UU Lalit, Justice S Ravindra Bhat and Justice Bela M Trivedi heard …

Supreme Court adjourns hearing on contempt case filed against fugitive Vijay Mallya
2 years, 10 months ago

Supreme Court adjourns hearing on contempt case filed against fugitive Vijay Mallya

Firstpost  

The bench had said it has given multiple opportunities to Mallya to appear either personally or through a lawyer and had even given specific directions in its last order dated 30 November, 2021. New Delhi: The Supreme Court adjourned till Thursday hearing on a plea related to the appearance of fugitive businessman Vijay Mallya, accused in bank loan default case …

Supreme Court adjourns Vijay Mallya\'s contempt case hearing for next week
2 years, 10 months ago

Supreme Court adjourns Vijay Mallya\'s contempt case hearing for next week

Deccan Chronicle  

New Delhi: The Supreme Court on Thursday adjourned the hearing for next week of the contempt case against fugitive businessman Vijay Mallya who was found guilty in a contempt case for withholding information from the court. The top court had held Mallya guilty of contempt of court for transferring USD 40 million to his children in violation of the court's …

Supreme Court Adjourns Vijay Mallya's Sentence Hearing In Contempt Case For Next Week
2 years, 10 months ago

Supreme Court Adjourns Vijay Mallya's Sentence Hearing In Contempt Case For Next Week

Live Law  

The Supreme Court on Thursday adjourned for next week sentence hearing in contempt case against fugitive businessman Vijay Mallya who was found guilty of contempt in 2017 for disobeying court's order for not disclosing full particulars of assets in case between SBI and Kingfisher Airlines.The matter was listed before the bench of Justices UU Lalit, SR Bhat and PS Narasimha.On …

18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi: Government
2 years, 10 months ago

18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi: Government

Hindustan Times  

Banks have recovered ₹18,000 crore from fugitives Vijay Mallya, Nirav Modi and Mehul Choksi, Solicitor General Tushar Mehta told the Supreme Court on Wednesday. Mehta told the top court bench, led by Justice AM Khanwilkar, that the value of cases registered under the Prevention of Money Laundering Act against Mallya, Modi, and Choksi is now ₹67,000 crore. Vijay Mallya is …

Vijay Mallya gets last chance to defend himself, asked to appear in SC on Feb 24
2 years, 11 months ago

Vijay Mallya gets last chance to defend himself, asked to appear in SC on Feb 24

Hindustan Times  

The Supreme Court on Thursday gave one last opportunity to fugitive liquor baron Vijay Mallya to defend himself either personally or through a lawyer within two weeks, news agency ANI reported. Vijay Mallya is wanted in India over fraud and money laundering charges in relation to loans taken out by his now-defunct Kingfisher Airlines from state-owned Indian banks A top …

Fugitive businessman Vijay Mallya faces eviction from his luxurious London home over unpaid loans
2 years, 11 months ago

Fugitive businessman Vijay Mallya faces eviction from his luxurious London home over unpaid loans

Op India  

A UK court on Tuesday ruled against the fugitive businessman Vijay Mallya in a dispute with Swiss Bank UBS following which he now faces enforced eviction from his multi-million pound luxury home in London. On Tuesday, a sitting judge of Chancery Division of High Court turned down request by the lawyers of Mallya on stay on repayment of UBS loan. …

Vijay Mallya contempt case to be dealt with finally on Jan 18: Supreme Court
3 years, 1 month ago

Vijay Mallya contempt case to be dealt with finally on Jan 18: Supreme Court

Hindustan Times  

The Supreme Court on Tuesday said that the case involving fugitive businessman Vijay Mallya will be dealt with finally on January 18 next year. Mallya’s review petition was dismissed by the Supreme Court in August last year. The Supreme Court bench, also comprising justices S R Bhat and Bela M Trivedi, said it will list the matter in January for …

Supreme Court says contempt matter involving Vijay Mallya to be dealt with on 18 January
3 years, 1 month ago

Supreme Court says contempt matter involving Vijay Mallya to be dealt with on 18 January

Firstpost  

Mallya, an accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, has been in the UK since March 2016 New Delhi: The Supreme Court Tuesday said the contempt matter involving fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, will be dealt …

Kingfisher Airlines Case: Vijay Mallya Mocks Banks for Saying He Still Owes Them Money
3 years, 5 months ago

Kingfisher Airlines Case: Vijay Mallya Mocks Banks for Saying He Still Owes Them Money

News 18  

With reports of IDBI Bank fully recovering its dues from now-defunct Kingfisher Airlines, fugitive businessman Vijay Mallya on Thursday mocked banks for saying he still owed them money. His tweet comes after a British court on Monday granted a bankruptcy order against him, paving the way for a consortium of Indian banks led by the State Bank of India to …

UK court declares Vijay Mallya bankrupt for Indian banks to realise debt
3 years, 5 months ago

UK court declares Vijay Mallya bankrupt for Indian banks to realise debt

The Hindu  

A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the SBI to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. “As at 15.42, I adjudicate Dr. Mallya bankrupt,” Chief Insolvencies and Companies Court Judge Michael Briggs said in …

SBI-led bank consortium gets Rs 792 crore by sale of Kingfisher Airlines' shares in Vijay Mallya case
3 years, 5 months ago

SBI-led bank consortium gets Rs 792 crore by sale of Kingfisher Airlines' shares in Vijay Mallya case

India TV News  

The State Bank of India-led consortium that lent loans to fugitive businessman Vijay Mallya on Friday received Rs 792.11 crore in its accounts after some shares, earlier attached under the anti-money laundering law, were sold, the Enforcement Directorate said. Apart from the Mallya case, the other case pertains to over Rs 13,500 crore alleged bank loan cheating in the Brady …

Court allows banks to sell Vijay Mallya's real estate assets and securities
3 years, 7 months ago

Court allows banks to sell Vijay Mallya's real estate assets and securities

Hindustan Times  

A Prevention of Money Laundering Act court has allowed banks to sell certain real estate assets and securities and of fugitive business tycoon Vijay Mallya to recover their debts. Vijay Mallya was declared as a fugitive economic offender in January 2019 by a special court in Mumbai. "The PMLA court has given permission to banks to sell gcertain real estate …

Where Was Fraud, Asks Vijay Mallya over PMLA Court's Nod to Sell His Properties to Recover Loans
3 years, 7 months ago

Where Was Fraud, Asks Vijay Mallya over PMLA Court's Nod to Sell His Properties to Recover Loans

News 18  

After a special Prevention of Money Laundering Act court passed an order permitting the sale of certain real estate properties and securities of Vijay Mallya to recover his unpaid loans, the Fugitive businessman on Friday questioned “where was the fraud” committed by him. Where is the cheating or fraud?” The PMLA court ordered that some of his real estate properties …

Banks can sell Vijay Mallya's properties, shares worth Rs 5,646 crore to recover dues
3 years, 7 months ago

Banks can sell Vijay Mallya's properties, shares worth Rs 5,646 crore to recover dues

India TV News  

Armed with court order, a consortium of lenders led by SBI can now sell certain real estate properties and securities belonging to fugitive Vijay Mallya to recover loans turned bad with failure of Kingfisher Airlines. A consortium of 11 banks that gave Mallya loans, led by State Bank of India, had approached a special Prevention of Money Laundering Act court …

Liquor Tycoon Vijay Mallya Denied Permission to Appeal in UK Bankruptcy Case
4 years ago

Liquor Tycoon Vijay Mallya Denied Permission to Appeal in UK Bankruptcy Case

News 18  

Liquor tycoon Vijay Mallya was on Wednesday denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India, in their pursuit of debt related to his now-defunct Kingfisher Airlines. The 65-year-old businessman, who remains on bail in the UK, had filed a …

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 …

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 …

Vijay Mallya Case Documents in Supreme Court go Missing, Court Sets Next Hearing For August 20
4 years, 5 months ago

Vijay Mallya Case Documents in Supreme Court go Missing, Court Sets Next Hearing For August 20

News 18  

In a new twist in the Vijay Mallya case, a certain document connected with the case in the Supreme Court has gone missing from the apex court files. On June 19, the Supreme Court sought explanation from its registry regarding Mallya's appeal against the May 2017 conviction in the contempt case for not repaying Rs 9,000 crore dues to banks …

Indian government tells the UK not to offer asylum to Vijay Mallya
4 years, 7 months ago

Indian government tells the UK not to offer asylum to Vijay Mallya

Op India  

The Indian government has requested the government of the United Kingdom to refrain from giving asylum to fugitive liquor Barron Vijay Mallya. The spokesperson of Ministry of External Affairs, Anurag Srivastava while briefing the media through video conference has informed that Indian authorities have been in touch with UK authorities for the earliest extradition of Vijay Mallya. We have also …

U.K. High Court rejects Vijay Mallya’s plea for permission to move Supreme Court
4 years, 8 months ago

U.K. High Court rejects Vijay Mallya’s plea for permission to move Supreme Court

The Hindu  

The UK High Court on Thursday rejected a plea of businessman Vijay Mallya for permission to move the Supreme Court against the dismissal of his appeal challenging the lower court’s approval of his extradition to India in the IDBI Bank fraud case. “The High Court has dismissed Mr. Mallya's request to appeal in the Supreme Court. Following a hearing in …

Former liquor baron Vijay Mallya asks govt to accept loan repayment offer, close case against him
4 years, 8 months ago

Former liquor baron Vijay Mallya asks govt to accept loan repayment offer, close case against him

Firstpost  

Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 percent of his loan dues and close case against him New Delhi: Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to …

Vijay Mallya asks govt to consider his loan repayment offer, close case against him
4 years, 8 months ago

Vijay Mallya asks govt to consider his loan repayment offer, close case against him

India TV News  

Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 per cent of his loan dues and the close case against him. Mallya, promoter of the defunct Kingfisher Airlines, who is wanted in India over alleged fraud and money laundering charges amounting to estimated Rs …

Coronavirus: Vijay Mallya asks Finance Minister to consider his offer to repay Kingfisher Airlines’ dues
4 years, 9 months ago

Coronavirus: Vijay Mallya asks Finance Minister to consider his offer to repay Kingfisher Airlines’ dues

The Hindu  

Embattled liquor baron Vijay Mallya, on Tuesday asked Finance Minister Nirmala Sitharaman to consider his repeated “offer to repay 100%” of the amount borrowed by now defunct Kingfisher Airlines, in this time of coronavirus pandemic. Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated ₹9,000 crore, also said all his companies have …

Vijay Mallya says ED, CBI been ‘totally unreasonable’
4 years, 11 months ago

Vijay Mallya says ED, CBI been ‘totally unreasonable’

The Hindu  

Embattled liquor tycoon Vijay Mallya has claimed that the Enforcement Directorate and Central Bureau of Investigation have treated him “unreasonably” over the past four years. Mr. Mallya also reiterated his message for the Indian banks to take back 100% of the principal amount owed to them, which he stressed had not been borrowed by him but by Kingfisher Airlines. I …

Vijay Mallya arrives in London Court for appeal against extradition to India
4 years, 11 months ago

Vijay Mallya arrives in London Court for appeal against extradition to India

The Hindu  

Liquor baron Vijay Mallya arrived at the Royal Courts of Justice in London on Tuesday for his appeal against being extradited to India to face fraud and money laundering charges amounting to ₹9,000 crores. The 64-year-old former Kingfisher Airlines boss, who remains on bail since his arrest on an extradition warrant in April 2017, avoided the usual scrum of reporters …

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 …

Vijay Mallya faces bankruptcy; consortium of 13 Indian banks back in UK court over Rs 10,000 cr debt
5 years, 1 month ago

Vijay Mallya faces bankruptcy; consortium of 13 Indian banks back in UK court over Rs 10,000 cr debt

Firstpost  

In July, the banks had won a High Court battle to access documents they were after to establish the true ownership of assets they believed were linked with the embattled Mallya. London: A consortium of Indian banks led by State Bank of India are back in the UK high court to seek a bankruptcy order against liquor tycoon Vijay Mallya …

PSU banks back in UK court over Mallya’s non-payment of debt
5 years, 1 month ago

PSU banks back in UK court over Mallya’s non-payment of debt

The Hindu  

A consortium of public sector banks led by State Bank of India are back in the UK high court to seek a bankruptcy order against liquor tycoon Vijay Mallya over the alleged unpaid debt of around £1.145 billion. Judge Michael Briggs is presiding over a hearing in the insolvency division of the court in London this week in relation to …

Vijay Mallya makes another offer of 100% loan payback to banks on Twitter; quotes FM's statement on business failures
5 years, 5 months ago

Vijay Mallya makes another offer of 100% loan payback to banks on Twitter; quotes FM's statement on business failures

Firstpost  

London: Embattled liquor tycoon Vijay Mallya, whose social media interventions against the Indian government are a regular occurrence, took to Twitter once again to repeat his 100 percent loan payback offer to the public sector banks in India. The 63-year-old former Kingfisher Airlines boss, fighting extradition to India in relation fraud and money laundering allegations arising out of the debt …

SC adjourns Mallya plea against confiscation of properties
5 years, 5 months ago

SC adjourns Mallya plea against confiscation of properties

The Quint  

New Delhi, July 29 The Supreme Court on Monday adjourned to August 2 a plea filed by fugitive liquor baron Vijay Mallya seeking a stay on the confiscation of his properties by the Enforcement Directorate. Mallya has challenged the ED's jurisdiction to confiscate all his properties under the Fugitive Economic Offender Act 2018, without identifying whether these properties were acquired …

Vijay Mallya moves Supreme Court seeking stay on confiscation of his properties by ED in loan default case
5 years, 5 months ago

Vijay Mallya moves Supreme Court seeking stay on confiscation of his properties by ED in loan default case

Firstpost  

A consortium of banks led by the State Bank of India had in 2016 filed a petition in the Supreme Court against Vijay Mallya for his failure to repay the loan amount of more than Rs 8000 crore. New Delhi: Fugitive businessman Vijay Mallya on Saturday moved the Supreme Court seeking a stay on the confiscation of properties owned by …

Jet Airways crisis: SBI moves intervention plea against HDFC claim on airline's BKC property; NCLT adjourns matter for 8 August
5 years, 5 months ago

Jet Airways crisis: SBI moves intervention plea against HDFC claim on airline's BKC property; NCLT adjourns matter for 8 August

Firstpost  

Mumbai: State Bank of India, the lead lender to the bankrupt Jet Airways, on Wednesday moved an intervention application against mortgage lender HDFC’s plea claiming rights over a portion of the airline’s BKC property. On 4 July, the mortgage lender HDFC had moved the NCLT seeking to keep the airline’s BKC property out of the bankruptcy process saying three floors …

No HC relief to Vijay Mallya on proceedings for seizure of assets
5 years, 6 months ago

No HC relief to Vijay Mallya on proceedings for seizure of assets

The Hindu  

The Bombay High Court on Thursday refused to grant a stay on proceedings before a special court on the confiscation of properties of the embattled liquor tycoon Vijay Mallya. A Division Bench of Justices Akil Kureshi and S. J. Kathawalla dismissed an application filed by Mr. Mallya last month, seeking a stay on the proceedings before the special court hearing …

Vijay Mallya settles for more time with Swiss bank to pay off mortgage for plush London home
5 years, 8 months ago

Vijay Mallya settles for more time with Swiss bank to pay off mortgage for plush London home

Firstpost  

The prime property has been referred to as the “high-class home for Vijay Mallya, his family members and United Breweries Group corporate guests" London: Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS to allow him time until April next year to pay off a mortgage loan for his central London home. “The Defendants [Mallya> …

Who's lying? PM Modi or PSU banks? Vijay Mallya wonders in new tweet
5 years, 8 months ago

Who's lying? PM Modi or PSU banks? Vijay Mallya wonders in new tweet

India Today  

Fugitive businessman and owner of now defunct Kingfisher Airlines Vijay Mallya continues to express his anguish with India's efforts to extradite him from the United Kingdom. Vijay Mallya said, "None other than the Prime Minister of India specifically says in an interview that his government has recovered more money than I allegedly owe PSU banks and the same banks claim …

Vijay Mallya living off his partner, children; embattled liquor tycoon fights Indian banks' attempt to recover dues in UK
5 years, 9 months ago

Vijay Mallya living off his partner, children; embattled liquor tycoon fights Indian banks' attempt to recover dues in UK

Firstpost  

Mallya on Wednesday faced yet another legal battle to prevent a consortium of Indian banks led by State Bank of India getting access to nearly 2,60,000 pounds Embattled liquor tycoon Vijay Mallya is reportedly living off his partner, his personal assistant, a business acquaintance and his adult children, the London high court was told on Wednesday. Mallya on Wednesday faced …

Beer king Vijay Mallya may have to curb his $24,000-a-week life
5 years, 9 months ago

Beer king Vijay Mallya may have to curb his $24,000-a-week life

Hindustan Times  

Vijay Mallya, the ex-billionaire known as the “king of good times” in India, may have to prepare for a bout of relative austerity as he fights multiple lawsuits against creditors. Mallya’s lawyers told State Bank of India, which is among lenders owed 1.142 billion pounds by his defunct Kingfisher Airlines, that their client is willing to cut his spending to …

Vijay Mallya fights Indian banks' attempt to recover dues in UK
5 years, 9 months ago

Vijay Mallya fights Indian banks' attempt to recover dues in UK

India Today  

Embattled liquor tycoon Vijay Mallya on Wednesday faced yet another legal battle to prevent a consortium of Indian banks led by State Bank of India getting access to nearly 260,000 pounds in a UK bank account. The 62-year-old is contesting an interim debt order obtained by the Indian banks in January this year, which relates to funds in the former …

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