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 acting for the Indian banks, had asked continuing questions regarding who controls VMDS Trust after it emerged that most of the assets in contention are held by the Trust, which is associated with Mallya's family members. Among the assets in question include the Force India and Indian Empress superyacht – which was fitted with an Elton John piano around 2015 after being reportedly acquired by Mallya at a charity auction. Mallya remains on bail pending his High Court appeal, now scheduled for February 2020, in separate extradition proceedings brought by India in relation to alleged fraud and money laundering charges amounting to Rs 9,000 crores.

India High Court Court Indian Assets High Banks Mallya Indian Banks Uk High Court Vmds Trust Vmds Indian Empress  high  banks  disclosure  indian  assets  vmds  india  uk  mallya  court  trust  pursue

History of this topic

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case
6 months, 1 week 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 …

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 …

Mallya’s plea dismissed by Supreme Court, fugitive offender declaration looms
1 year, 10 months 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, 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 …

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 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 …

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 …

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. …

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 …

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 …

Extradition: Come clean about ‘confidential’ proceedings in U.K., SC tells Mallya
4 years, 3 months ago

Extradition: Come clean about ‘confidential’ proceedings in U.K., SC tells Mallya

The Hindu  

The Supreme Court on Monday ordered the lawyers for businessman Vijay Mallya to come clean about the nature of ‘confidential’ proceedings going on after the rejection of his appeal against extradition in the U.K. Supreme Court. The court ordered Mr. Mallya’s side to clarify by November 2 the nature of this confidential proceedings, when it will end and by when …

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 …

Supreme Court rejects Vijay Mallya’s plea against contempt order
4 years, 4 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, 4 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 …

India moves closer in getting Vijay Mallya extradited
4 years, 8 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, 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 …

[Breaking] Set Back To Vijay Mallya As UK High Court Rejects His Application To Appeal To UK SC Against Extradition To India
4 years, 8 months ago

[Breaking] Set Back To Vijay Mallya As UK High Court Rejects His Application To Appeal To UK SC Against Extradition To India

Live Law  

In a set back to fugitive liquor baron Vijay Mallya, the United Kingdom High Court rejected his application to appeal to the UK Supreme Court against the extradition to India.Fugitive liquor baron Vijay Mallya loses application in UK High Court to appeal in UK Supreme Court in extradition case. In a set back to fugitive liquor baron Vijay Mallya, the …

Vijay Mallya files appeal in UK Supreme Court against extradition order to India on charges of fraud, money laundering
4 years, 8 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, 8 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, 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's appeal against extradition to India rejected by UK High Court
4 years, 8 months ago

Vijay Mallya's appeal against extradition to India rejected by UK High Court

Op India  

The UK High Court has rejected liquor baron Vijay Mallaya’s plea against his extradition to India. Lord Justice Stephen Irwin and Justice Elisabeth Laing, the two presiding justices hearing the appeal in a two-judge bench of the Royal Courts of Justice in London rejected the appeal today. After the UK High Court’s verdict, the case will now go to Home …

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 …

‘Overwhelming evidence’ against Vijay Mallya, Crown Prosecution Service tells UK court on second day of extradition trial; verdict to be announced today
4 years, 11 months 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
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'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 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 …

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