Vijay Mallya hits back at FM Nirmala Sitharaman, asks how can I still be an offender, if...?
5 days, 12 hours ago

Vijay Mallya hits back at FM Nirmala Sitharaman, asks how can I still be an offender, if...?

Live Mint  

Hitting back at FM Nirmala Sitharaman's claim of recovering properties worth ₹14,131.6 crore, fugitive liquor baron Vijay Mallya on Wednesday said that he is entitled for relief and the agencies should legally justify how they have taken more than two times the debt. Responding to FM Sitharaman's claim Mallya said that debt recovery tribunal has adjusted his debt at ₹6203 crore, which also includes ₹1,200 crore interest, but according to her statement, the Enforcement Directorate and banks have recovered more than two times the debt. FM Nirmala Sitharaman's statement FM Sitharaman on Tuesday apprised the Lok Sabha that the central enforcement agency has successfully restored properties worth around ₹22,280 crores of individuals and companies connected to economic offence cases. Vijay Mallya's Argument In a serries of social media posts on X, questioning his label as an economic offender and demanding relief, Mallya stated “The Debt Recovery Tribunal adjudged the KFA debt at ₹6203 crores including ₹1200 crores of interest.

Debt Crore Crores Sitharaman Mallya Vijay Mallya Fm Nirmala Sitharaman  times  hits  crores  economic  sitharaman  offender  asks  fm  crore  banks  mallya  debt  vijay  nirmala  worth  sitharamans

History of this topic

‘We have been wronged…’ Vijay Mallya replies to Lalit Modi’s birthday wishes
4 days, 23 hours ago

‘We have been wronged…’ Vijay Mallya replies to Lalit Modi’s birthday wishes

Live Mint  

On-the-run Indian Premier League founder Lalit Modi's birthday wishes for Vijay Mallya on X today led to the fugitive liquor baron replying: “We have both been wronged”. Big big hug.” To this, Mallya replied: “Thank you my dearest friend….we both have been wronged in a Country we tried to contribute to.” Mallya Takes Aim At Sitharaman Notably, on December 18, …

Will pursue relief for ED, banks taking twice debt owed: Vijay Mallya
4 days, 23 hours ago

Will pursue relief for ED, banks taking twice debt owed: Vijay Mallya

Live Mint  

New Delhi, Dec 19 Fugitive businessman Vijay Mallya has said that he will pursue relief for the Enforcement Directorate and banks taking more than two times the debt he owed. In a series of posts on social media platform X, Mallya said, "The Debt Recovery Tribunal adjudged the KFA debt at ₹6203 crore including ₹1200 crore of interest." On Tuesday, …

'How Can ED, Banks Take More Than Two Times Debt?' Vijay Mallya Day After Sitharaman's LS Speech
5 days, 11 hours ago

'How Can ED, Banks Take More Than Two Times Debt?' Vijay Mallya Day After Sitharaman's LS Speech

ABP News  

Day after Finance Minister Nirmala Sitharaman said that the Enforcement Directorate has recovered properties worth 14,131.6 crore from Vijay Mallya, the fugitive businessman said he is entitled to relief and asked the government agencies to justify how they have taken more than two times the debt. The FM announced in Parliament that through the ED,Banks have recovered Rs 14,131.60 crores …

ED restores Rs 22,000 crore of assets from Vijay Mallya, Nirav Modi: Minister
6 days, 5 hours ago

ED restores Rs 22,000 crore of assets from Vijay Mallya, Nirav Modi: Minister

India Today  

Union Finance Minister Nirmala Sitharaman on Tuesday revealed that the Enforcement Directorate has successfully restored assets worth Rs 22,280 crore to victims and rightful claimants, asserting the government's relentless commitment to combating economic offenders. The Finance Minister pointed out that among the major cases, the ED has recovered properties valued at Rs 14,131.6 crore belonging to fugitive businessman Vijay Mallya, …

Properties worth Rs 22,280 crore of eco-offenders like Mallya, Nirav Modi restored by ED: Nirmala Sitharaman
6 days, 5 hours ago

Properties worth Rs 22,280 crore of eco-offenders like Mallya, Nirav Modi restored by ED: Nirmala Sitharaman

New Indian Express  

NEW DELHI: Finance Minister Nirmala Sitharaman has listed several major cases where the Directorate of Enforcement has from time to time attached properties of individuals and companies connected to economic offence cases. Replying to the debate on Supplementary Demands for Grants - First Batch for 2024-2025, the finance minister apprised the Lok Sabha Tuesday evening that the central enforcement agency …

ED Retrieved Properties Worth Rs 14,131 Cr From Vijay Mallya, 1,052 Cr From Nirav Modi: Nirmala Sitharaman In Lok Sabha
6 days, 17 hours ago

ED Retrieved Properties Worth Rs 14,131 Cr From Vijay Mallya, 1,052 Cr From Nirav Modi: Nirmala Sitharaman In Lok Sabha

ABP News  

Finance Minister Nirma Sitharaman on Tuesday said the Enforcement Directorate has successfully retrieved properties worth Rs 22,280 crores from economic offenders, including Rs 14,131 crore from Vijay Mallya and Rs 1,052 from Nirav Modi. In Vijay Mallya case, 14,131.6 crore has been recovered and the complete amount of the attached property has been restored to the public sector banks." "In …

Lokayukta raids 50 places of 10 officials, recovers ₹48.55 crore
Trending News
1 week, 6 days ago

Lokayukta raids 50 places of 10 officials, recovers ₹48.55 crore

Hindustan Times  

The Lokayukta police carried out extensive raids across the state, targeting 10 government officials suspected of amassing disproportionate assets, on Tuesday. The simultaneous raids, conducted at over 50 locations in Bengaluru, Koppal, Chitradurga, Channapatna, and other areas, led to the discovery of assets worth ₹48.55 crore. The simultaneous raids, conducted at over 50 locations in Bengaluru, Koppal, Chitradurga, Channapatna, and …

Fresh blow to Vijay Mallya: SEBI bars fugitive liquor baron from securities trading for 3 years
4 months, 4 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
5 months, 3 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 …

CBI court issues non-bailable warrant against Vijay Mallya in Rs 180-crore loan default case
5 months, 3 weeks ago

CBI court issues non-bailable warrant against Vijay Mallya in Rs 180-crore loan default case

India TV News  

A special court in Mumbai has issued a non-bailable warrant against fugitive businessman Vijay Mallya in connection with a Rs 180-crore loan default case linked to Indian Overseas Bank. The court emphasised Mallya's status as a "fugitive" and cited previous non-bailable warrants issued against him based on CBI submissions, stating, "this is a fit case to issue an open-ended NBW …

PM Modi in Kerala: Kerala bank scam victims will get back their money
8 months, 1 week ago

PM Modi in Kerala: Kerala bank scam victims will get back their money

The Hindu  

Prime Minister Narendra Modi, who attended an election campaign of the NDA at Kunnamkulam in Kerala’s Thrissur district on April 15 promised to “return” the investors’ money at Karuvannur Service Co-operative Bank which has been seized by the Enforcement Directorate. The Chief Minister has been lying for the last three years by promising to return the money,” said Mr. Modi. …

MP Bharat says Chandrababu looted public money
1 year ago

MP Bharat says Chandrababu looted public money

Deccan Chronicle  

Kakinada: Rajamahendravaram MP and YSRC parliamentary party chief M. Bharat Ram said it is a fact that former chief minister N. Chandrababu Naidu looted public money in the skill development scam. After inaugurating the new building of Veterinary Hospital in Rajamahendravaram on Monday, the MP told media that Naidu looted ₹375 crore through shell companies in the name of skill …

PNB moves court, seeks release of Nirav Modi’s properties worth ₹71.16 crore
1 year, 5 months ago

PNB moves court, seeks release of Nirav Modi’s properties worth ₹71.16 crore

Hindustan Times  

The Punjab National Bank on Wednesday filed a petition before the special PMLA court seeking release of fugitive diamond trader Nirav Modi’s properties worth ₹71.16 crore which had been attached by the Enforcement Directorate. PNB moves court, seeks release of Nirav Modi’s properties worth ₹ 71.16 crore The agency is probing the ₹13,850-crore loan fraud at the public sector bank. …

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 …

Vijay Mallya bought properties worth ₹330 crore in England, France: CBI
1 year, 9 months ago

Vijay Mallya bought properties worth ₹330 crore in England, France: CBI

Live Mint  

Vijay Mallya bought properties worth ₹330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron, the CBI has claimed in its supplementary chargesheet filed in a court here. Mallya is an accused in the alleged over ₹900 …

Parliament proceedings | Loans worth 10.09 lakh crore written off in 5 years: FM Nirmala Sitharaman
2 years ago

Parliament proceedings | Loans worth 10.09 lakh crore written off in 5 years: FM Nirmala Sitharaman

The Hindu  

Loans amounting to over ₹10.09 lakh crore have been written off by scheduled commercial banks in the past five financial years but the process of recovery of dues from the NPA accounts is an on-going process, Finance Minister Nirmala Sitharaman told the Lok Sabha on December 19, 2022. Ms Sitharaman said RBI data point to public sector banks recovering ₹4,80,111 …

₹2000 fine, 4-month jail to Vijay Mallya; ‘didn’t show remorse,’ says SC
2 years, 5 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, 5 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, 5 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, 9 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 …

Rs 18,000 cr returned to banks from Vijay Mallya, Nirav Modi, Choksi: Govt tells SC
2 years, 10 months ago

Rs 18,000 cr returned to banks from Vijay Mallya, Nirav Modi, Choksi: Govt tells SC

India Today  

The government has informed the Supreme Court that Rs 18,000 crore have returned to banks from Vijay Mallya, Nirav Modi, and Mehul Choksi. Solicitor General Tushar Mehta told the bench that in money laundering cases relating to Vijay Mallya, Mehul Choksi, and Nirav Modi, the Enforcement Directorate has confiscated around Rs 18,000 crore by the orders of the courts following …

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

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

Op India  

The Central Government has told to the Supreme Court that Rs 18000 crore have been returned to the banks which were stifled by fugitives Vijay Mallya, Nirav Modi, and Mehul Choksi until now. While comparing the numbers with the global data, Tushar Mehta added, “very small number of cases are being taken up for investigation under the PMLA as compared …

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 …

Rs 18,000 crore returned to banks from Vijay Mallya, Nirav Modi, Mehul Choksi: Centre tells SC
2 years, 10 months ago

Rs 18,000 crore returned to banks from Vijay Mallya, Nirav Modi, Mehul Choksi: Centre tells SC

India TV News  

Highlights Rs 18,000 crore have been returned to the banks in the case of Mallya, Nirav, and Mehul. The top court is hearing a clutch of petitions, challenging the wide scope of powers available to ED Solicitor General Tushar Mehta on Wednesday informed the Supreme Court that Rs 18,000 crore have been returned to the banks in the case of …

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. …

13k cr recovered from asset sale of Nirav Modi, Vijay Mallya: FM
3 years ago

13k cr recovered from asset sale of Nirav Modi, Vijay Mallya: FM

Op India  

Union Finance Minister Nirmala Sitharaman on Monday informed how banks have collected roughly Rs 13,109 crore from asset sales of defaulters such as fugitive diamantaire Nirav Modi, Mehul Choksi, and erstwhile liquor baron Vijay Mallya. Fugitive businessman and prime accused in the Rs 14,000 crore PNB scam, Nirav Modi is currently lodged in the Wandsworth jail in southwest London and …

Banks recovered ₹13,100 crore from assets sale of defaulters like Vijay Mallya, Nirav Modi: Nirmala Sitharaman
3 years ago

Banks recovered ₹13,100 crore from assets sale of defaulters like Vijay Mallya, Nirav Modi: Nirmala Sitharaman

Hindustan Times  

Finance Minister Nirmala Sitharaman on Monday said that banks have recovered ₹13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi. Of which, she said, ₹2.99 lakh crore is the additional cash outgo because of big ticket expenditure going for Air India and rise in fertilizer subsidy due to firming up of global prices. As …

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

Kingfisher Airlines Case: Vijay Mallya Mocks Banks for Saying He Still Owes Them Money
3 years, 4 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 …

Fugitive economic offender Vijay Mallya declared bankrupt by London court
3 years, 4 months ago

Fugitive economic offender Vijay Mallya declared bankrupt by London court

Op India  

On July 26, the Insolvency and Companies Court of the London high court declared Indian fugitive and businessman Vijay Mallya bankrupt. In a tweet Mallya said, “ED attach my assets worth 14K crores at behest of Govt Banks against debt of 6.2K crores. They restore assets to Banks who recover 9K crores in cash and retain security over 5K crores …

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 …

Explained | Will the money recovered from Vijay Mallya, Nirav Modi and Mehul Choksi help banks?
3 years, 5 months ago

Explained | Will the money recovered from Vijay Mallya, Nirav Modi and Mehul Choksi help banks?

The Hindu  

The story so far: The Enforcement Directorate on June 23 came out with a statement saying that it has seized assets worth ₹18,170.02 crore belonging to three fugitive businessmen. The seized assets belong to liquor baron Vijay Mallya and diamond traders Nirav Modi and Mehul Choksi — all three left India before law enforcement agencies could nab them for fraud. …

Shares worth Rs 5800 crore sold, ED says 40 pc of loss in PNB, Mallya bank fraud cases recovered
3 years, 6 months ago

Shares worth Rs 5800 crore sold, ED says 40 pc of loss in PNB, Mallya bank fraud cases recovered

India TV News  

About 40 per cent of the money lost by banks in alleged frauds perpetrated by fugitive businessmen Nirav Modi, Mehul Choksi and Vijay Mallya has been recovered so far, the Enforcement Directorate said after the sale of attached shares worth over Rs 5,800 crore on Wednesday. "The quantum of the attached and seized assets represent 80.45 per cent of the …

Assets worth Rs 18,170 crore of Vijay Mallya, Nirav Modi, Mehul Choksi attached; 80% losses recovered: ED
3 years, 6 months ago

Assets worth Rs 18,170 crore of Vijay Mallya, Nirav Modi, Mehul Choksi attached; 80% losses recovered: ED

India TV News  

The Enforcement Directorate has said that it had transferred a part of the attached or seized assets in cases related to fugitive billionaires Vijay Mallya, Nirav Modi and Mehul Choksi, to state-run banks and the Centre. Of the Rs 18,170.02 crore worth of assets seized, the ED said it has transferred Rs 9,371.17 crore to the government and public sector …

ED gives banks ₹9,371 crore assets seized from Vijay Mallya, Nirav Modi, Mehul Choksi
3 years, 6 months ago

ED gives banks ₹9,371 crore assets seized from Vijay Mallya, Nirav Modi, Mehul Choksi

Hindustan Times  

The Enforcement Directorate on Tuesday transferred assets worth ₹8,441 crore to banks who suffered losses due to frauds by Vijay Mallya, Nirav Modi and Mehul Choksi. With the latest transfer, assets worth ₹9,371 crore have been handed over to the banks so far, which amounts to 40% of their losses, the agency said. While Mallya is accused of defrauding a …

Banks in Losses After Fraud By Vijay Mallya, Mehul Choksi and Nirav Modi Get Crores in Attached Assets from ED
3 years, 6 months ago

Banks in Losses After Fraud By Vijay Mallya, Mehul Choksi and Nirav Modi Get Crores in Attached Assets from ED

News 18  

The Directorate of Enforcement has transferred attached assets worth Rs 8,441.5 crore to public sector banks who suffered losses due to fraud by fugitive businessmen Vijay Mallya, Mehul Choksi and Nirav Modi. “The agency not only seized assets worth Rs 18,170.02 crore in the case of Vijay Mallya, Nirav Modi and Mehul Choksi under PMLA but also transferred a part …

ED transfers Rs 9,000 crore of Rs 18,000 crore assets seized from Nirav Modi, Mallya and Choksi to banks
3 years, 6 months ago

ED transfers Rs 9,000 crore of Rs 18,000 crore assets seized from Nirav Modi, Mallya and Choksi to banks

India Today  

The Enforcement Directorate has seized assets worth Rs 18,170 crore, which is 80% of the total losses incurred by the banks, in cases related to fugitive businessmen Vijay Mallya, Nirav Modi and Mehul Choksi. The ED said on Wednesday that not only has the assets been seized, but a significant share, Rs 9,371.17 crore, has been transferred to the public …

Court allows banks to sell Vijay Mallya's real estate assets and securities
3 years, 6 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, 6 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, 6 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 …

Vijay Mallya loses UK appeal for more funds to cover Indian legal fees
3 years, 6 months ago

Vijay Mallya loses UK appeal for more funds to cover Indian legal fees

India TV News  

Vijay Mallya on Wednesday lost an appeal to gain further access to court-held funds to cover his costs for legal proceedings in India, as a High Court judge in London concluded that the 65-year-old businessman had failed to provide sufficient evidence in support of the over 750,000 pounds being sought. The latest appeal follows Deputy Insolvency and Companies Court Judge …

Vijay Mallya loses bankruptcy petition amendment High Court battle in UK
3 years, 7 months ago

Vijay Mallya loses bankruptcy petition amendment High Court battle in UK

India TV News  

A consortium of Indian banks led by the State Bank of India on Tuesday moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya’s now-defunct Kingfisher Airlines after the High Court in London upheld an application to amend their bankruptcy petition, in favour of waiving their security over the embattled businessman’s assets in …

Mallya, Nirav Modi and Mehul Choksi all coming back to face law of land: Sitharaman in Rajya Sabha
3 years, 9 months ago

Mallya, Nirav Modi and Mehul Choksi all coming back to face law of land: Sitharaman in Rajya Sabha

India TV News  

Finance Minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are "coming back" to India" to face the law. Vijay Mallya, Nirav Modi, Mehul Choksi are all coming back to face law of the land, Sitharaman said in the Rajya Sabha while replying to a debate on the insurance amendment bill. Nirav Modi …

Vijay Mallya's Property in France Worth Rs 14 Crore Seized under PMLA: ED
4 years ago

Vijay Mallya's Property in France Worth Rs 14 Crore Seized under PMLA: ED

News 18  

New Delhi: Businessman Vijay Mallya's property worth Rs 14 crore located in France has been seized under the anti-money laundering law, the Enforcement Directorate said on Friday. The value of the seized asset is Euro 1.6 million that is worth about Rs 14 crore, the central probe agency said in a statement. Investigations conducted under the Prevention of Money Laundering …

Sitharaman unveils Atmanirbhar 3.0; tax relief for real estate, jobs creation scheme
4 years, 1 month ago

Sitharaman unveils Atmanirbhar 3.0; tax relief for real estate, jobs creation scheme

India TV News  

Union Finance Minister Nirmala Sitharaman on Thursday rolled out Atmanirbhar Bharat 3.0 stimulus package to boost economy. will make ₹ 6,000 crore equity investment in debt platform of National Investment and Infrastructure Fund, which will help NIIF raise ₹ 1.1 lakh crore by 2025 for financing infrastructure projects 2:08 pm: Differential between circle rate and agreement value in real estate …

Supreme Court dismisses Vijay Mallya’s review plea in contempt case
4 years, 3 months ago

Supreme Court dismisses Vijay Mallya’s review plea in contempt case

The Hindu  

The Supreme Court on Monday dismissed a review petition filed by by fugitive businessman Vijay Mallya against a 2017 verdict of contempt. The court on May 9, 2017, found Mr. Mallya guilty of contempt for wilful disobedience of its order to come clean on his assets and not disclosing a sum of $40 million he received from British liquor major …

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