Another blow to Vijay Mallya, Bombay HC dismisses plea to stop confiscation of his properties
5 years, 8 months ago

Another blow to Vijay Mallya, Bombay HC dismisses plea to stop confiscation of his properties

India TV News  

Another blow to Vijay Mallya, Bombay HC dismisses plea to stop confiscation of his properties Fugitive businessman Vijay Mallya, who is wanted for recovery of Rs 9000 crore, is currently in UK. Bombay High Court has refused to give relief to Mallya as it dismissed his plea to stop confiscation of his properties. On Thursday, fugitive businessman Mallya suffered another setback as Bombay High Court dismissed his plea to stop confiscation of his properties. Bringing Vijay Mallya back to India is important but it will be a different battle to bring his money back to India will be a different ball game.

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History of this topic

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 …

Vijay Mallya challenges banks over alleged excess loan recovery in Karnataka High Court
1 month, 3 weeks ago

Vijay Mallya challenges banks over alleged excess loan recovery in Karnataka High Court

Hindustan Times  

Fugitive businessman Vijay Mallya has approached the Karnataka High Court, seeking details of loan recoveries made by banks. Mallya’s legal counsel argued that while ₹6,200 crore was originally due, banks have recovered ₹14,000 crore. Acting on Mallya’s petition, a High Court bench led by Justice R Devadas issued notices to banks and loan recovery officers. The case in the Karnataka …

Supreme Court Dismisses ED's Plea To Cancel Bail Of Former Maharashtra Dy CM Chhagan Bhujbal In Money Laundering Case
2 months, 1 week ago

Supreme Court Dismisses ED's Plea To Cancel Bail Of Former Maharashtra Dy CM Chhagan Bhujbal In Money Laundering Case

Live Law  

The Supreme Court on Tuesday dismissed pleas by Directorate of Enforcement seeking bail cancellation of former Maharashtra Deputy CM and current NCP MLA Chhagan Bhujbal and his nephew Sameer in a money laundering case connected to the Maharashtra Sadan scam. A bench of Justice Abhay Oka and Justice Ujjal Bhuyan also disposed of a plea by Bhujbal against the Bombay …

Vijay Mallya says 'entitled to relief' after FM tells parl Rs 14,000 cr recovered
3 months, 1 week 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 …

Vijay Mallya hits back at FM Nirmala Sitharaman, asks how can I still be an offender, if...?
3 months, 1 week 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 …

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

CBI court issues non-bailable warrant against Vijay Mallya in Rs 180-crore loan default case
8 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 …

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’s lawyer says ’can’t contact him’, SC discharges him
2 years, 4 months ago

Vijay Mallya’s lawyer says ’can’t contact him’, SC discharges him

Live Mint  

Vijay Mallya's attorney informed the Supreme Court on Thursday that he had not heard from the wanted businessman and asked to be dismissed from the case. The top court dismissed the attorney from Mallya's two petitions challenging the Karnataka High Court's orders requiring him to pay ₹3,101 crore to a group of banks on 5 October, 2018 and 13 September, …

SC order on punishment against Vijay Mallya for contempt tomorrow
2 years, 6 months ago

SC order on punishment against Vijay Mallya for contempt tomorrow

Deccan Chronicle  

NEW DELHI: The Supreme Court is likely to pronounce on Monday the quantum of sentence against fugitive businessman Vijay Mallya, an accused in the bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case where he has been found guilty. The top court had heard senior advocate and amicus curiae Jaideep Gupta …

‘I am naturally disappointed’, says Vijay Mallya on Supreme Court verdict
2 years, 8 months ago

‘I am naturally disappointed’, says Vijay Mallya on Supreme Court verdict

Live Mint  

Former Kingfisher Airlines boss Vijay Mallya, who is based in Britain for over five years, on Monday expressed his disappointment at the Supreme Court verdict sentencing him to four months in a contempt case. "I have no comment on the Indian Supreme Court verdict except to say that I am naturally disappointed,” Mallya told PTI. A bench headed by Justice …

Morning Digest | Situation under control in Goa, says Congress; all eyes on Trinamool as Murmu visits West Bengal, and more
2 years, 8 months ago

Morning Digest | Situation under control in Goa, says Congress; all eyes on Trinamool as Murmu visits West Bengal, and more

The Hindu  

Mamata Banerjee’s remarks on Droupadi Murmu keeps everyone guessing West Bengal Chief Minister and Trinamool supremo Mamata Banerjee on July 1 had softened her stand on the NDA candidate, saying that if she was aware of Ms. Murmu’s candidature earlier, things would have been different. Situation under control in Goa, says Congress A day after the Goa Congress leadership charged …

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 …

Secure Vijay Mallya's Presence To Undergo Imprisonment In Contempt Case : Supreme Court Directs Centre
2 years, 8 months ago

Secure Vijay Mallya's Presence To Undergo Imprisonment In Contempt Case : Supreme Court Directs Centre

Live Law  

The Supreme Court has directed the Ministry of Home Affairs to secure the presence of fugitive businessman Vijay Mallya to serve the 4 months imprisonment imposed on him for contempt of court.In an order pronounced today, a bench led by Justice UU Lalit had imposed a sentence of 4 months imprisonment and a fine of Rs 2000 on Mallya for …

Vijay Mallya sentenced to four months in jail by SC in contempt case
2 years, 8 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, …

Supreme Court awards 4-month jail to Vijay Mallya in contempt case
2 years, 8 months ago

Supreme Court awards 4-month jail to Vijay Mallya in contempt case

The Hindu  

The Supreme Court on July 11 sentenced fugitive businessman Vijay Mallya to four months' imprisonment and ₹2,000 fine almost five years after he was found guilty of contempt of court. "We direct that the transaction referred to in the judgment of May 9, 2017 in terms of which the amount of $40 million was disbursed to the beneficiaries is void …

SC sentences Vijay Mally to four-month jail for contempt of court
2 years, 8 months ago

SC sentences Vijay Mally to four-month jail for contempt of court

Live Mint  

Mumbai: The Supreme Court on Monday sentenced fugitive businessman Vijay Mallya to four months imprisonment and imposed a penalty of ₹2,000 on him for contempt of court. In 2017, the SC had held Mallya guilty of contempt of court for withholding information about transferring $40 million to his children, violating the court's order. Meanwhile, Vijay Mallya, who is based in …

₹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 …

Supreme Court Sentences Vijay Mallya To 4 Months Imprisonment For Contempt Of Court; Asks Him To Deposit 40 Million US Dollars
2 years, 8 months ago

Supreme Court Sentences Vijay Mallya To 4 Months Imprisonment For Contempt Of Court; Asks Him To Deposit 40 Million US Dollars

Live Law  

The Supreme Court on Monday sentenced fugitive liquor baron Vijay Mallya to four months imprisonment and a fine of Rupees 2000 for contempt of court.Mallya was found guilty in 2017 for transferring USD 40 million to his children in violation of the orders passed in a case filed by a consortium of banks led by the State Bank of India.Pronouncing …

'Didn't show any remorse, adequate punishment must': SC on Vijay Mallya
2 years, 8 months ago

'Didn't show any remorse, adequate punishment must': SC on Vijay Mallya

Hindustan Times  

The Supreme Court on Monday sentenced fugitive liquor baron Vijay Mallya to four months jail term and a fine of ₹2000 under contempt charge. Fugitive liquor baron Vijay Mallya The Supreme Court also ordered Mallya's family members to return USD 40 million transferred to them in violation of the court orders. The Supreme Court had said that it has given …

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 …

Produce Return Ticket To India; Bail Hearing Only After That : Kerala High Court To Actor-Producer Vijay Babu In Rape Case
2 years, 10 months ago

Produce Return Ticket To India; Bail Hearing Only After That : Kerala High Court To Actor-Producer Vijay Babu In Rape Case

Live Law  

The Kerala High Court on Monday orally asked Malayalam actor-producer Vijay Babu to produce his return tickets to India so that it can hear him and consider his plea for anticipatory bail in the case where an actress accused him of sexually exploiting her.Justice Gopinath P. orally directed the actor to make himself available to the jurisdiction of the court. …

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 hearing on contempt case filed against fugitive Vijay Mallya
3 years 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 hearing on contempt case against Vijay Mallya
3 years ago

Supreme Court adjourns hearing on contempt case against Vijay Mallya

India TV News  

Highlights SC adjourned hearing on plea related to appearance of fugitive businessman Vijay Mallya Mallya is accused in bank loan default case of over Rs 9,000 cr involving his defunct 'Kingfisher' The top court, on Feb 10, had fixed the contempt case against Mallya for hearing on Mar 9 The Supreme Court adjourned till Thursday hearing on a plea related …

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 …

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

Rs 18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi
3 years, 1 month 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
3 years, 1 month 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 case: SC gives last chance to fugitive businessman to defend himself in contempt case
3 years, 1 month ago

Vijay Mallya case: SC gives last chance to fugitive businessman to defend himself in contempt case

Firstpost  

The top court 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 on Thursday gave a final opportunity to fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore …

Supreme Court Gives Last Chance To Vijay Mallya To Appear In Sentence Hearing In Contempt Case
3 years, 1 month ago

Supreme Court Gives Last Chance To Vijay Mallya To Appear In Sentence Hearing In Contempt Case

Live Law  

While giving last opportunity to fugitive businessman Vijay Mallya to appear, the Supreme Court of India on Thursday expressed a clear intention to go ahead with the sentence hearing in the contempt case against him, and posted the matter for hearing on February 24th, 2022.Vijay Mallya was found guilty of contempt in 2017 for disobeying court's orders in not disclosing …

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 faces eviction from luxury home in London due to verdict in loan default case
3 years, 2 months ago

Vijay Mallya faces eviction from luxury home in London due to verdict in loan default case

Firstpost  

Mallya held a mortgage obtained from UBS on the multi-million-pound property, located along Cornwall Terrace in one of the most sought after areas of the British capital, minutes from Regent’s Park and attractions such as Madame Tussaud’s wax museum London: The fugitive Kingfisher tycoon Vijay Mallya is facing the prospect of a humiliating eviction from the luxury Central London home …

Fugitive businessman Vijay Mallya faces eviction from his luxurious London home over unpaid loans
3 years, 2 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 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 …

SC proposes to go ahead with hearing on sentence in contempt proceeding against Vijay Mallya
3 years, 3 months ago

SC proposes to go ahead with hearing on sentence in contempt proceeding against Vijay Mallya

India TV News  

Highlights The SC proposes to go ahead with the contempt matter involving fugitive businessman Vijay Mallya. The Supreme Court on Tuesday said it proposes to go ahead with the contempt matter involving fugitive businessman Vijay Mallya, who is an accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, and list it for hearing …

Kingfisher Airlines Case: Vijay Mallya Mocks Banks for Saying He Still Owes Them Money
3 years, 8 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, 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 …

SBI-led bank consortium gets Rs 792 crore by sale of Kingfisher Airlines' shares in Vijay Mallya case
3 years, 8 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, 9 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. …

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 …

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