Attached Vijay Mallya shares were part of unpaid Yes Bank loan
5 years, 9 months ago

Attached Vijay Mallya shares were part of unpaid Yes Bank loan

India Today  

Proactive measures by the Enforcement Directorate have helped the SBI-led consortium of banks recover Rs 1,008 crore worth of NPA through the sale of United Breweries Ltd shares that were held by Vijay Mallya. ED's investigation in the Vijay Mallya/Kingfisher Airlines case has revealed that substantial assets in the form of United Breweries Limited's shares were lying with Yes Bank. Yes Bank did not heed to the Recovery Officer's directions, so the DRT, in July 2018, passed an order to attach Yes Bank's assets. As the shares were already frozen, Yes Bank filed a writ petition in 2018 in the Karnataka High Court seeking to quash the DRT's order to attach Yes Bank's assets. On February 27, the Karnataka High Court passed an order directing Yes Bank to surrender UBHL's shares in favour of the Recovery Officer within three weeks from the date of receiving the order and further stating that the attachment and the sale, if any, of the shares in question shall be subject to a decision by a competent court including the order passed by the special court under the provisions of the Act.

Recovery Court Bank Order Yes Bank Shares Karnataka High Court Vijay Mallya Ubl Ed Vijay Recovery Officer Ubhl Ed Vijay Mallya  order  recovery  attached  pmla  loan  court  shares  bank  unpaid  special  yes  ed  vijay  mallya

History of this topic

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 …

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 …

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 …

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune
2 years, 8 months ago

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune

India TV News  

Highlights CBI conducted massive raids at eight premises in Mumbai and Pune in DHFL-Yes Bank case Premises belong to Avinash Bhosale and Shahid Balwa, who was named in 2G scam and later acquitted Radius Developers owe over Rs 3,000 crore to DHFL. It had taken loan to finance a project in Mumbai Yes Bank-DHFL scam: The CBI on Saturday began …

Yes Bank-DHFL case: Rana Kapoor, Wadhawans laundered money worth ₹5,050 crore, says ED
2 years, 8 months ago

Yes Bank-DHFL case: Rana Kapoor, Wadhawans laundered money worth ₹5,050 crore, says ED

The Hindu  

The Enforcement Directorate has alleged that Yes Bank co-founder Rana Kapoor and Dewan Housing Finance Limited promoters Kapil and Dheeraj Wadhawan siphoned off funds worth ₹5,050 crore through suspicious transactions. The ED said this in its second supplementary charge sheet filed in special court in Mumbai recently against Rana Kapoor, his family, Wadhawans and others in a money laundering case. …

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 …

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 …

Explained | Will the money recovered from Vijay Mallya, Nirav Modi and Mehul Choksi help banks?
3 years, 6 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. …

SBI led consortium receives ₹5,824 crore from share sale of United Breweries
3 years, 6 months ago

SBI led consortium receives ₹5,824 crore from share sale of United Breweries

Live Mint  

The Enforcement Directorate on Friday informed that the SBI-led consortium received ₹5,824.5 crore from the sale of shares of United Breweries Limited. Nirav Modi, Mehul Choksi, and Vijay Mallya have defrauded PSBs by siphoning off the funds through their companies which resulted in a total loss of ₹22,583.83 crore to the banks, the ED said. The ED said an estimated …

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 …

Yes Bank Scam: SC Stays Bail Granted To Wadhawan Brothers By Bombay HC Till Oct 7 [Read Order]
4 years, 4 months ago

Yes Bank Scam: SC Stays Bail Granted To Wadhawan Brothers By Bombay HC Till Oct 7 [Read Order]

Live Law  

The bail granted to DHFL promoters Kapil and Dheeraj Wadhawan by the Bombay High Court in the case pertaining to the Yes Bank Scam, was stayed by Top Court on Thursday.A bench comprising Justices Sanjay Kishan Kaul, Ajay Rastogi & Aniruddha Bose said that it would examine the legal issues involved in the Wadhawans' bail plea and stayed order of …

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 …

ED arrests Kapil and Dheeraj Wadhawan in Yes Bank case
4 years, 8 months ago

ED arrests Kapil and Dheeraj Wadhawan in Yes Bank case

India Today  

The Enforcement Directorate on Thursday arrested Kapil and Dheeraj Wadhawan, promoters of Dewan Housing Finance Limited in the Yes Bank case. Rana Kapoor in his statement given to the ED said, “In 2018, DHFL had issued retail senior public debentures worth Rs 8,000 to 10,000 crore and an amount of approximately Rs 3,000 crore plus was allocated for purchase, by …

Yes Bank case: ED all set to interrogate DHFL promoters Kapil, Dheeraj Wadhawan
4 years, 8 months ago

Yes Bank case: ED all set to interrogate DHFL promoters Kapil, Dheeraj Wadhawan

India Today  

Enforcement Directorate officials are all set to interrogate the DHFL promoters Kapil Wadhawan and his brother Dheeraj Wadhawan in the Yes Bank case. Last week, ED filed chargesheet in the Yes Bank case and revealed the alleged quid pro quo by Yes Bank founder Rana Kapoor, who offered suspicious loans to various entities including DHFL. 8,000 to Rs 10,000 crore …

Yes Bank: Wadhawans skip ED summons
4 years, 9 months ago

Yes Bank: Wadhawans skip ED summons

India TV News  

DHFL promoters Kapil and Dheeraj Wadhawan on Tuesday skipped appearing before the Enforcement Directorate in connection with a money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. It is expected that the ED may now issue them new summons for appearance and may also move a court seeking cancellation of the bail granted to Kapil Wadhawan …

Yes Bank co-founder Kapoor's ED remand extended till March 20
4 years, 9 months ago

Yes Bank co-founder Kapoor's ED remand extended till March 20

India TV News  

A special court here on Monday extended till March 20, the Enforcement Directorate custody of Yes Bank co-founder Rana Kapoor, arrested on money laundering charges. As his remand ended on Monday, Kapoor was produced before special PMLA court judge P P Rajvaidya, who extended his ED custody till March 20 on a plea by the central investigating agency. The ED …

Yet another case against Yes Bank’s Rana Kapoor
4 years, 10 months ago

Yet another case against Yes Bank’s Rana Kapoor

The Hindu  

The Central Bureau of Investigation on Friday conducted searches in another case against Rana Kapoor, the then Yes Bank promoter director, his wife Bindu and others in connection with alleged illegal gratification of ₹307 crore for concessions in loan repayments and more credit facilities to Avantha Group companies. Yes Bank had already extended credit facilities of about ₹2,500 crore to …

Rana Kapoor, Yes Bank founder brought to ED's Mumbai office
4 years, 10 months ago

Rana Kapoor, Yes Bank founder brought to ED's Mumbai office

India TV News  

A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning. A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited." He said …

ED arrests Yes Bank founder Rana Kapoor in DHFL case after 15 hours of questioning
4 years, 10 months ago

ED arrests Yes Bank founder Rana Kapoor in DHFL case after 15 hours of questioning

India Today  

The Enforcement Directorate has arrested Yes Bank founder Rana Kapoor in connection with a money-laundering probe against him and others. According to the officials, the central agency is also probing the Yes Bank founder's role in connection with the disbursal of loans to some corporate entities and the subsequent alleged kickbacks reportedly received in his wife's accounts. The ED action …

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 …

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 …

Mallya case: ED arguments over on plea to seize assets
5 years, 1 month ago

Mallya case: ED arguments over on plea to seize assets

The Hindu  

The Enforcement Directorate has concluded arguments on a plea for confiscation of ₹14,000-crore assets linked to businessman Vijay Mallya, who was declared a runaway under the Fugitive Economic Offenders Act in January. Interim relief Mr. Mallya had earlier approached the Bombay High Court seeking an interim relief from the proceedings under the Act. In its July 11 order, refusing interim …

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 …

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 …

Indian banks pursue Vijay Mallya in U.K. High Court for assets disclosure
5 years, 5 months ago

Indian banks pursue Vijay Mallya in U.K. High Court for assets disclosure

The Hindu  

Two superyachts, a game reserve, numerous undeclared high-value and vintage cars, valuable paintings and a piano previously owned by Elton John are among the assets in contention as part of the latest legal claim by Indian banks against embattled liquor tycoon Vijay Mallya in the U.K. High Court on Monday. He informed the Court that TLT LLP, the law firm …

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 …

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 suffers another legal setback, fails to delay $40 million Diageo claim
5 years, 9 months ago

Vijay Mallya suffers another legal setback, fails to delay $40 million Diageo claim

India Today  

In an ongoing case at the Royal Court of Justice, Queens Bench -- Diageo plc and others vs Vijay Mallya and others -- an attempt by Vijay Mallya's legal team to push forward the date of trial May 23, 2019, has been rejected by Justice Moulders. Even as Vijay Mallya renewed an appeal against his extradition to India, the liquor …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Troubles mount for Vijay Mallya: After extradition setback, liquor baron set to face bankruptcy proceedings in UK High Court
6 years ago

Troubles mount for Vijay Mallya: After extradition setback, liquor baron set to face bankruptcy proceedings in UK High Court

Firstpost  

Vijay Mallya remains on bail after his extradition was recently ordered by Westminster Magistrates’ Court in London, an order which now awaits a sign-off by UK home secretary Sajid Javid. London: Embattled liquor tycoon Vijay Mallya’s legal troubles continue to mount as he is set to face bankruptcy proceedings in the UK High Court next year, brought by a consortium …

Vijay Mallya faces bankruptcy proceedings in UK high court
6 years ago

Vijay Mallya faces bankruptcy proceedings in UK high court

Live Mint  

London: Embattled liquor tycoon Vijay Mallya’s legal troubles continue to mount as he is set to face bankruptcy proceedings in the UK High Court next year, brought by a consortium of Indian banks in their attempt to recoup unpaid debt worth nearly 1.145 billion pounds. TLT LLP, the UK-based law firm which had won a landmark case for the 13 …

‘Please take it’: Vijay Mallya tweets offer to pay 100% back to banks, govt
6 years, 1 month ago

‘Please take it’: Vijay Mallya tweets offer to pay 100% back to banks, govt

Hindustan Times  

Liquor baron Vijay Mallya, who is being investigated for fraud and money-laundering, on Wednesday “humbly requested” various banks to take back all the money he borrowed to keep his now-defunct Kingfisher Airlines afloat as he slammed the Indian media for repeatedly calling him a defaulter. Vijay Mallya, founder and chairman of Kingfisher Airlines Ltd. “I see the quick media narrative …

In another setback for Vijay Mallya, court rejects plea to stay ‘fugitive’ proceedings
6 years, 1 month ago

In another setback for Vijay Mallya, court rejects plea to stay ‘fugitive’ proceedings

Hindustan Times  

Absconding liquor baron Vijay Mallya suffered a second setback within a week after a Mumbai Special Court on Thursday rejected his plea seeking a stay on the Enforcement Directorate ’s request to declare him a ‘fugitive’ under the Fugitive Economic Offenders Act, officials said. Among other things, the former chief of the now-defunct Kingfisher Airlines is wanted for committing alleged …

UK: Liquor baron Vijay Mallya faces setback in legal battle to save his London home from forclosure
6 years, 1 month ago

UK: Liquor baron Vijay Mallya faces setback in legal battle to save his London home from forclosure

Op India  

Fugitive businessman, Vijay Mallya, on Wednesday, suffered a big blow in his quest to save his posh London home from foreclosure by Swiss bank UBS. It was reported last month that Swiss bank USB had moved the UK High Court seeking an order of eviction against the liquor baron, Vijay Mallya, his mother and son from their plush multi-million-pound mansion …

PMLA court refuses to stay attachment of Vijay Mallya assets
6 years, 2 months ago

PMLA court refuses to stay attachment of Vijay Mallya assets

Live Mint  

Mumbai: Fugitive tycoon Vijay Mallya will move the Bombay high court to stop the Enforcement Directorate from attaching his properties, his lawyer said after a special court on Tuesday rejected his plea in this matter. Azmi of the special Prevention of Money Laundering Act court rejected Mallya’s petition in an oral order and posted the hearing for ED’s plea to …

ED resisted bids to settle loans, says Vijay Mallya
6 years, 3 months ago

ED resisted bids to settle loans, says Vijay Mallya

Live Mint  

Mumbai: United Breweries Holdings Ltd, or UB Group, chairman Vijay Mallya on Monday told a special court that he cannot be said to have “refused to return to India” as he is cooperating with the authorities in the UK in a case related to extradition proceedings and has submitted himself to that jurisdiction. In his reply submitted through his lawyers …

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 …

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 …

Vijay Mallya ‘willing’ to return to India as ED moves to seize property
6 years, 5 months ago

Vijay Mallya ‘willing’ to return to India as ED moves to seize property

Live Mint  

New Delhi: In what could potentially spell victory for India’s investigating agencies, liquor baron Vijay Mallya has informed the Enforcement Directorate of his “willingness to return,” a person familiar with the development confirmed. Mallya’s change of heart, this person confirmed, happened after the agency had moved to confiscate his assets in India and abroad under the Fugitive Economic Offenders Ordinance. …

Discover Related