Vijay Mallya fails to delay $ 40mn Diageo claim, legal costs mount in UK
5 years, 11 months ago

Vijay Mallya fails to delay $ 40mn Diageo claim, legal costs mount in UK

Live Mint  

Even as he renewed an appeal against his extradition to India, embattled liquor tycoon Vijay Mallya suffered another legal setback on Friday in a separate USD 40-million claims case brought by British liquor giant Diageo plc in the UK High Court. “The claimants say that if the May hearing is adjourned they will suffer prejudice…there would be a race in relation to Mallya’s assets which are subject to a number of competing claims; Mallya may be extradited and this will affect the ability to enforce the judgment against him,” the judge noted, in reference to the extradition order and worldwide freezing order already in place against Mallya. He raised the worldwide freezing order against Mallya, confirmed by a UK High Court order in May 2018, as the reason for some delays in clearing overdue legal invoices. However, Diageo’s counsel instructed by law firm Slaughter and May, Barrister Saul Lemer, argued that Mallya had “historically procrastinated” in the case and used the “same strategy time and again" of changing solicitors and seeking more time from the court.

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History of this topic

Vijay Mallya pursues annulment of UK bankruptcy order over ‘unreal quality’
1 month, 1 week ago

Vijay Mallya pursues annulment of UK bankruptcy order over ‘unreal quality’

Live Mint  

London, Embattled businessman Vijay Mallya believes Indian banks pursuing bankruptcy proceedings against him in the English courts have assumed an “unreal quality” in the wake of Union Finance Minister Nirmala Sitharaman’s recent statement in Parliament and has instructed his lawyers to pursue an annulment application. “From Dr Mallya’s perspective, these English bankruptcy proceedings have an unreal quality,” Leigh Crestohl, Managing …

Vijay Mallya's bankruptcy order appeals return to London High Court
1 month, 1 week ago

Vijay Mallya's bankruptcy order appeals return to London High Court

Deccan Chronicle  

London: Embattled businessman Vijay Mallya's attempt to overturn a bankruptcy order imposed on him by the High Court in England over three years ago has returned for appeal hearings in London this week. He also went on to turn down as irrelevant Mallya's attempt to introduce fresh evidence in the case, including Union Finance Minister Nirmala Sitharaman's intervention in Parliament …

Karnataka High Court issues notice to banks on Vijay Mallya’s plea seeking debt recovery details
1 month, 3 weeks ago

Karnataka High Court issues notice to banks on Vijay Mallya’s plea seeking debt recovery details

The Hindu  

The High Court of Karnataka on Wednesday ordered issue of notice to the debt recovery officer and 10 banks on a petition filed by fugitive businessman Vijay Mallya seeking directions to the banks to provide statement of accounts for the total amount, along with accrued interest, owed by him, the United Breweries Holdings Ltd., and other certificate debtors, and the …

"Because Of Your Client, Most Borrowers Are Facing LOC's": Bombay HC Tells Vijay Mallya's Counsel In Plea Challenging Economic Offenders Act
7 months, 1 week ago

"Because Of Your Client, Most Borrowers Are Facing LOC's": Bombay HC Tells Vijay Mallya's Counsel In Plea Challenging Economic Offenders Act

Live Law  

The Bombay High Court on Friday said former liquor baron Vijay Mallya had become the 'first cause' for issuances of 'Look Out Circulars' against several borrowers in the country.A division bench of Justices Kalpathi Shriram and Jitendra Jain made the remark while hearing a plea filed by Mallya, challenging the constitutional validity of the Fugitive Economic Offenders Act, 2018. The …

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case
8 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 …

Mallya Sent Funds to Children's Accounts & Force India F1 Team as Kingfisher Flew in Debt Turbulence
2 years ago

Mallya Sent Funds to Children's Accounts & Force India F1 Team as Kingfisher Flew in Debt Turbulence

News 18  

Fugitive businessman Vijay Mallya received 40 million dollars from Diageo PLC in 2016, and transferred the funds to his children’s accounts, as well to the Force India Formula 1 Team Ltd, among other entities, as per the latest supplementary chargesheet filed by the CBI. As per the chargesheet, Mallya received 40 million USD from Diageo PLC in February 2016 and …

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

Mallya’s plea dismissed by Supreme Court, fugitive offender declaration looms
2 years ago

Mallya’s plea dismissed by Supreme Court, fugitive offender declaration looms

Live Mint  

The Supreme Court Friday dismissed a plea by businessman Vijay Mallya challenging the proceedings in a Mumbai court to declare him a fugitive economic offender and confiscate his properties. The Supreme Court in December 2018 issued notice to the Enforcement Directorate on Mallya’s plea, had refused to stay the proceedings on the probe agency’s plea before a special Prevention of …

Vijay Mallya: India’s supreme court rules against businessman who fled to UK
2 years, 8 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 …

₹2000 fine, 4-month jail to Vijay Mallya; ‘didn’t show remorse,’ says SC
2 years, 8 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 …

Vijay Mallya sentenced to four months in prison in contempt case by Supreme Court
2 years, 8 months ago

Vijay Mallya sentenced to four months in prison in contempt case by Supreme Court

India TV News  

Vijay Mallya sentenced to four months in prison in contempt case by Supreme Court Vijay Mallya is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines and is presently in the United Kingdom. Fugitive businessman Vijay Mallya was on Monday sentenced to four-month in prison in a contempt case by the …

Setback for Vijay Mallya as Supreme Court to declare punishment on Monday
2 years, 8 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, 8 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
3 years 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 Vijay Mallya\'s contempt case hearing for next week
3 years 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 …

Vijay Mallya gets last chance to defend himself, asked to appear in SC on Feb 24
3 years, 1 month 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 …

Vijay Mallya can be evicted from London home over unpaid loans, orders UK court
3 years, 2 months ago

Vijay Mallya can be evicted from London home over unpaid loans, orders UK court

India TV News  

Vijay Mallya can be evicted from London home over unpaid loans, orders UK court Delivering his judgment virtually for the Chancery Division of the High Court, Deputy Master Matthew Marsh concluded there were no grounds for him to grant further time for the Mallya family to repay a GBP 20.4-million loan to UBS – the claimant in the case. Embattled …

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

Fugitive economic offender Vijay Mallya declared bankrupt by London court
3 years, 8 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 …

UK court declares Vijay Mallya bankrupt for Indian banks to realise debt
3 years, 8 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 …

Court allows banks to sell Vijay Mallya's real estate assets and securities
3 years, 9 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, 9 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 …

Vijay Mallya loses UK appeal for more funds to cover Indian legal fees
3 years, 10 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, 10 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 …

Liquor Tycoon Vijay Mallya Denied Permission to Appeal in UK Bankruptcy Case
4 years, 2 months 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 …

Fugitive Liquor Baron Mallya Applies for Funds Held by UK Court from Sale of French Property
4 years, 3 months ago

Fugitive Liquor Baron Mallya Applies for Funds Held by UK Court from Sale of French Property

News 18  

Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India. Deputy Insolvency and Companies …

Vijay Mallya's Property in France Worth Rs 14 Crore Seized under PMLA: ED
4 years, 3 months 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 …

Supreme Court dismisses Vijay Mallya’s review plea in contempt case
4 years, 6 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 …

Supreme Court rejects Vijay Mallya’s plea against contempt order
4 years, 6 months ago

Supreme Court rejects Vijay Mallya’s plea against contempt order

Live Mint  

The Supreme Court today rejected businessman Vijay Mallya's plea seeking review of 2017 verdict holding him guilty for contempt of court. Mallya had sought a review of its May 2017 order holding him guilty of contempt for transferring $40 million to his children in violation of the court's order. The Supreme Court had issued its May 9, 2017, order on …

Supreme Court to pronounce its verdict on Vijay Mallya’s plea today
4 years, 6 months ago

Supreme Court to pronounce its verdict on Vijay Mallya’s plea today

Live Mint  

New Delhi: The Supreme Court on Monday will pronounce its verdict on a plea filed by fugitive businessman Vijay Mallya seeking a review of its May 2017 order holding him guilty of contempt for transferring USD 40 million to his children in violation of the court's order. Mallya is an accused in a bank loan default case of over ₹9,000 …

SC Adjourns Vijay Mallya's Review Plea Against 2017 Order Holding Him Guilty Of Contempt
4 years, 7 months ago

SC Adjourns Vijay Mallya's Review Plea Against 2017 Order Holding Him Guilty Of Contempt

Live Law  

The Supreme Court on Thursday adjourned the Review plea filed by fugitive liquor baron Vijay Mallya against the May 2017 order of the SC holding him guilty of contempt of court for transferring money to his children in violation of the Court's order. A Bench headed by Justice UU Lalit presided over the matter and sought for answers as to …

India moves closer in getting Vijay Mallya extradited
4 years, 10 months ago

India moves closer in getting Vijay Mallya extradited

Live Mint  

Business tycoon Vijay Mallya is one step closer to being forced to return to India to face fraud charges after a London court made further UK challenges to his extradition nearly impossible. The High Court of Justice, London, UK on Thursday rejected Mallya's plea to file an appeal with the UK Supreme Court against his extradition. This comes after a …

U.K. High Court rejects Vijay Mallya’s plea for permission to move Supreme Court
4 years, 10 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 …

Mallya asks the Indian government to take the loan money and close the cases against him
4 years, 10 months ago

Mallya asks the Indian government to take the loan money and close the cases against him

Op India  

Fugitive Economic Offender and businessman Vijay Mallya has requested the Central government to close the court cases against him, saying that he is ready to pay back all the money he owes to Indian banks. And mentioned that the government can print as much currency as they want but they should also consider a ‘small contributor’ like him who is …

Former liquor baron Vijay Mallya asks govt to accept loan repayment offer, close case against him
4 years, 10 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, 10 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 …

Vijay Mallya files appeal in UK Supreme Court against extradition order to India on charges of fraud, money laundering
4 years, 10 months ago

Vijay Mallya files appeal in UK Supreme Court against extradition order to India on charges of fraud, money laundering

Firstpost  

Vijay Mallya on Monday filed an application seeking leave to appeal in the UK Supreme Court, exactly two weeks after the embattled liquor baron lost his London High Court appeal against an extradition order to India on charges of fraud and money laundering related to unrecovered loans to his now-defunct Kingfisher Airlines London: Vijay Mallya on Monday filed an application …

Vijay Mallya seeks nod to move U.K. Supreme Court
4 years, 10 months ago

Vijay Mallya seeks nod to move U.K. Supreme Court

The Hindu  

Businessman Vijay Mallya has sought permission from the U.K. High Court to move the Supreme Court against the last month order dismissing his appeal challenging the lower court’s clearance to his extradition to India in the IDBI Bank fraud case. “After the appeal was rejected, Mr. Mallya had 14 days to file an application in the High Court for an …

Disappointed, but will continue legal fight against extradition: Vijay Mallya
4 years, 11 months ago

Disappointed, but will continue legal fight against extradition: Vijay Mallya

The Hindu  

Embattled liquor baron Vijay Mallya, who lost his U.K. High Court appeal against an extradition order to India, has said that he is “disappointed” with the ruling but will continue to seek legal remedies as advised by his legal team. The businessman, who has been based in the U.K. since March 2016 and remains on bail after his arrest on …

UK Court Rejects Fugitive Economic Offender Vijay Mallya's Appeal Against Extradition Order [Read Judgment]
4 years, 11 months ago

UK Court Rejects Fugitive Economic Offender Vijay Mallya's Appeal Against Extradition Order [Read Judgment]

Live Law  

Liquor baron and fugitive businessman Vijay Mallya's appeal against his extradition order has been rejected by the High Court in United Kingdom on Monday. Pursuant to a request from the Indian Government, the Senior District Judge at the Westminster Magistrate's Court had, in December 2018, ordered Mallya to be extradited back to India so he could face charges of financial. …

Vijay Mallya loses UK High Court appeal in extradition case
4 years, 11 months ago

Vijay Mallya loses UK High Court appeal in extradition case

The Hindu  

The High Court of Justice in the U.K. on Monday dismissed the appeal of businessman Vijay Mallya against a lower court’s order for his extradition to India in connection with the IDBI Bank fraud case. The High Court did not find any merit in the objections raised by Mr. Mallya to the senior district judge’s findings on December 10, 2018, …

Vijay Mallya gets bankruptcy reprieve from UK High Court
4 years, 11 months ago

Vijay Mallya gets bankruptcy reprieve from UK High Court

The Hindu  

In a relief to liquor baron Vijay Mallya, the High Court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover a loan of around GBP 1.145 billion from him. Justice Michael Briggs of the insolvency division of the High Court granted relief …

Vijay Mallya says ED, CBI been ‘totally unreasonable’
5 years, 1 month 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 requests 'banks to take back 100% of their principal amount'; says CBI, ED fighting over same assets
5 years, 1 month ago

Vijay Mallya requests 'banks to take back 100% of their principal amount'; says CBI, ED fighting over same assets

Firstpost  

Mallya, who remains on bail on an extradition warrant, is not required to attend the hearings but has been in court to observe the proceedings since the three-day appeal opened on Tuesday. London: Liquor tycoon Vijay Mallya once again asked the Indian banks to take back 100 percent of the principal amount owed to them at the end of his …

'Please banks, take your money': Vijay Mallya offers to repay
5 years, 1 month ago

'Please banks, take your money': Vijay Mallya offers to repay

India TV News  

Liquor tycoon Vijay Mallya, who is accused of owing over Rs 9,000 crore to Indian banks and challenged his extradition in a London Court, has once again asked the Indian banks to take back 100 per cent of the principal amount owed to them. Request banks to take back money: Mallya “I request the banks with folded hands, take 100 …

‘Overwhelming evidence’ against Vijay Mallya, Crown Prosecution Service tells UK court on second day of extradition trial; verdict to be announced today
5 years, 1 month ago

‘Overwhelming evidence’ against Vijay Mallya, Crown Prosecution Service tells UK court on second day of extradition trial; verdict to be announced today

Firstpost  

Liquor tycoon Vijay Mallya appeared before the Royal Courts of Justice in London for his appeal against being extradited to India, during which the prosecution highlighted overwhelming evidence of dishonesty on his part London: Liquor tycoon Vijay Mallya appeared before the Royal Courts of Justice in London on Wednesday for day two of his High Court appeal against being extradited …

Vijay Mallya arrives in London Court for appeal against extradition to India
5 years, 1 month 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, 2 months 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 …

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