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

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

Firstpost  

The prime property has been referred to as the “high-class home for Vijay Mallya, his family members and United Breweries Group corporate guests" London: Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS to allow him time until April next year to pay off a mortgage loan for his central London home. “The Defendants [Mallya> should nonetheless be permitted to remain in occupation of the Property… in order to allow, if possible, the Loan and Mortgage to be redeemed, but that, if redemption has not taken place by 30 April 2020 the Claimant [UBS> shall be immediately entitled to possession,” reads Judge Barker’s order. The prime property, which overlooks Regent’s Park in London, has been referred to as the “high-class home for Vijay Mallya and his family members and United Breweries Group corporate guests” during the court proceedings. The court order issued this week goes in favour of the bank’s stand as it acknowledges that UBS has an “immediate right to possession” and stipulates that unless the mortgage has been redeemed by 30 April next year, Mallya and the co-defendants must immediately hand over possession of the apartment by 4 pm on that date.

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History of this topic

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

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

Firstpost  

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

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

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 …

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

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

The Independent  

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

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

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

Live Mint  

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

Supreme Court Sentences Vijay Mallya To 4 Months Imprisonment For Contempt Of Court; Asks Him To Deposit 40 Million US Dollars
2 years, 6 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 …

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

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

Hindustan Times  

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

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

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

Live Law  

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

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

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

Live Law  

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

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

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

Deccan Chronicle  

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

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

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

Hindustan Times  

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

Snippets from UK: Bank to Evict Mallya from London Home, But He's Got Another in the Neighbourhood
2 years, 11 months ago

Snippets from UK: Bank to Evict Mallya from London Home, But He's Got Another in the Neighbourhood

News 18  

Realty bites: Vijay Mallya should be out of his fancy Regents Park home soon. The Swiss bank UBS won its case to evict him and to seize possession of the property to recover 20 million pounds from Mallya, which had been borrowed with the Regents Park home as surety. Scots calling the shots: The Indian government has a choice between …

Vijay Mallya faces eviction from luxury home in London due to verdict in loan default case
2 years, 11 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
2 years, 11 months ago

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

Op India  

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

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

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

Hindustan Times  

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

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

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

Firstpost  

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

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

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

News 18  

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

Fugitive economic offender Vijay Mallya declared bankrupt by London court
3 years, 5 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, 5 months ago

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

The Hindu  

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

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

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

India TV News  

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

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

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

Hindustan Times  

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

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

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

News 18  

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

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

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

India TV News  

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

Vijay Mallya loses UK appeal for more funds to cover Indian legal fees
3 years, 7 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 …

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

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

News 18  

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

Fugitive Liquor Baron Mallya Applies for Funds Held by UK Court from Sale of French Property
4 years, 1 month 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, 1 month 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, 4 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 …

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

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

The Hindu  

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

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

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

Firstpost  

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

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

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

India TV News  

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

Disappointed, but will continue legal fight against extradition: Vijay Mallya
4 years, 8 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 …

Vijay Mallya loses UK High Court appeal in extradition case
4 years, 8 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, 9 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’
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 …

'Please banks, take your money': Vijay Mallya offers to repay
4 years, 11 months 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 …

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

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

The Hindu  

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

UK court orders sale of Force India yacht linked to Vijay Mallya; proceeds to be used to pay back Qatar National Bank loan
4 years, 11 months ago

UK court orders sale of Force India yacht linked to Vijay Mallya; proceeds to be used to pay back Qatar National Bank loan

Firstpost  

During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Mallya’s son Siddharth was the ultimate beneficial owner of the yacht. London: A British court on Monday ordered that a luxury yacht owned by Force India Limited be sold and its proceeds be used to pay …

Banks allowed to utilise Mallya’s movable assets to clear debt
5 years ago

Banks allowed to utilise Mallya’s movable assets to clear debt

The Hindu  

A special court here has permitted a consortium of 15 banks led by the State Bank of India to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt. The assets, comprising financial securities like shares of the United Breweries Holdings Ltd, were attached by the special Prevention of Money Laundering Act court in 2016 when …

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

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

Firstpost  

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

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

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

The Hindu  

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

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 makes another offer of 100% loan payback
5 years, 5 months ago

Vijay Mallya makes another offer of 100% loan payback

India Today  

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 per cent loan payback offer to the public sector banks in India. The 63-year-old former Kingfisher Airlines boss, fighting extradition to India in relation of fraud and money laundering allegations arising out of the …

Vijay Mallya's Plea Challenging Confiscation of Properties To Be Heard By SC On Friday
5 years, 5 months ago

Vijay Mallya's Plea Challenging Confiscation of Properties To Be Heard By SC On Friday

Live Law  

The Supreme Court on Monday agreed to hear on August 2 a plea of fugitive economic offender Vijay Mallya challenging the confiscation of properties belonging to the companies owned by him and his family members. A bench headed by Chief Justice Ranjan Gogoi took note of the submission of F S Nariman, appearing for Mallya, that the fresh plea be …

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

SC adjourns Mallya plea against confiscation of properties

The Quint  

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

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

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

Firstpost  

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

Indian banks pursue Mallya in UK High Court for assets disclosure
5 years, 5 months ago

Indian banks pursue Mallya in UK High Court for assets disclosure

India TV News  

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 a latest legal claim by Indian banks against embattled liquor tycoon Vijay Mallya in the UK High Court on Monday. He informed the court that TLT LLP, the law firm …

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