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 debt acquired from the banks, quoted finance minister Nirmala Sitharaman's Lok Sabha statement from last week in his latest offer. "In this spirit please accept my 100 per cent settlement offer," he said. Mallya remains on bail pending his UK High Court appeal, now scheduled for February 2020, in the extradition proceedings brought by India in relation to charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.

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History of this topic

‘We have been wronged…’ Vijay Mallya replies to Lalit Modi’s birthday wishes
3 weeks, 6 days ago

‘We have been wronged…’ Vijay Mallya replies to Lalit Modi’s birthday wishes

Live Mint  

On-the-run Indian Premier League founder Lalit Modi's birthday wishes for Vijay Mallya on X today led to the fugitive liquor baron replying: “We have both been wronged”. Big big hug.” To this, Mallya replied: “Thank you my dearest friend….we both have been wronged in a Country we tried to contribute to.” Mallya Takes Aim At Sitharaman Notably, on December 18, …

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 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 …

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 …

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 …

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 …

Coronavirus: Vijay Mallya asks Finance Minister to consider his offer to repay Kingfisher Airlines’ dues
4 years, 9 months ago

Coronavirus: Vijay Mallya asks Finance Minister to consider his offer to repay Kingfisher Airlines’ dues

The Hindu  

Embattled liquor baron Vijay Mallya, on Tuesday asked Finance Minister Nirmala Sitharaman to consider his repeated “offer to repay 100%” of the amount borrowed by now defunct Kingfisher Airlines, in this time of coronavirus pandemic. Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated ₹9,000 crore, also said all his companies have …

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 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 …

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 …

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 …

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> …

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 …

Fully vindicated by PM Modi’s statement, claims Vijay Mallya
5 years, 9 months ago

Fully vindicated by PM Modi’s statement, claims Vijay Mallya

India TV News  

Embattled liquor tycoon Vijay Mallya claimed on Sunday that Prime Minister Narendra Modi's statement in a recent interview confirming the recovery of Rs 14,000 crores worth of his assets has fully vindicated him in his assertion of being a "poster boy" for the BJP-led government. "I humbly submit that my assertion that I am a poster boy is fully vindicated …

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 bankruptcy case hearing early next year
6 years ago

Vijay Mallya bankruptcy case hearing early next year

The Hindu  

A bankruptcy hearing based on a petition from the consortium of public sector banks attempting to recover £1.145 billion worth of assets from Vijay Mallya, is set to take place in London in the Spring of 2019. In July Mr. Mallya lost his attempt to appeal the decision of the U.K. court in the lawsuit brought by the 13 banks …

Fugitive Vijay Mallya to face fresh trouble as UK court orders bankruptcy proceedings against him
6 years ago

Fugitive Vijay Mallya to face fresh trouble as UK court orders bankruptcy proceedings against him

Op India  

Trouble seizes to stop for the liquor baron Vijay Mallya, as a UK court has now begun bankruptcy proceedings against the fugitive business tycoon. According to reports, Vijay Mallya is facing bankruptcy proceedings in a London court brought by a consortium of lenders led by the State Bank of India and 12 other banks. When Sunday Times approached Vijay Mallya …

Vijay Mallya extradition to speed up loan recovery process: SBI
6 years, 1 month ago

Vijay Mallya extradition to speed up loan recovery process: SBI

Live Mint  

Mumbai: Country’s largest lender State Bank of India Tuesday said extradition of fugitive liquor baron Vijay Mallya from the UK to India will speed up the recovery of over ₹ 9,000 crore of loans.In a major boost to India’s efforts to bring back Mallya, who is wanted for loan default worth around ₹ 9,000 crore to a consortium of 13 …

Vijay Mallya offers to return 100% of public money
6 years, 1 month ago

Vijay Mallya offers to return 100% of public money

The Hindu  

Indian businessman Vijay Mallya has made another public intervention to persuade Indian authorities to accept his settlement before the Karnataka High Court, ahead of next week when a judge at Westminster Magistrate’s Court is due to deliver her verdict on India’s attempt to extradite him from the UK. In a series of tweets on Wednesday morning, Mr. Mallya, who is …

‘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 …

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 …

Setback for Vijay Mallya in foreclosure case
6 years, 1 month ago

Setback for Vijay Mallya in foreclosure case

The Hindu  

Swiss bank UBS’s attempt to foreclose on a mortgage loan on a London property of Vijay Mallya’s scored a victory as the judge in the case approved their application to strike out certain parts of an amended defence submitted in May by the businessman’s legal team, on almost all counts. Mr. Mallya’s legal team have sought to fight the application …

Arun Jaitley denies meeting Vijay Mallya with ‘offer of settlement’ before he left for London
6 years, 4 months ago

Arun Jaitley denies meeting Vijay Mallya with ‘offer of settlement’ before he left for London

Op India  

Union Finance Minister Arun Jaitley has denied meeting the fugitive business tycoon Vijay Mallya before the latter left for the UK. Mallya, today, while appearing at London’s Westminster Magistrates’ Court had claimed that he had met the Finance Minister and repeated his offer to settle with the banks before he left for the UK. #WATCH “I met the Finance Minister …

Kingfisher loan case: Is embattled liquor baron Vijay Mallya finally saying goodbye to his defiant self?
6 years, 5 months ago

Kingfisher loan case: Is embattled liquor baron Vijay Mallya finally saying goodbye to his defiant self?

Firstpost  

If Vijay Mallya indeed returns now, it will be a big political victory for the Narendra Modi government ahead of crucial state elections and 2019 general elections. Early this month, even as the Indian Parliament was preparing to pass the Fugitive Economic Offenders Bill, there was a dramatic change in Vijay Mallya’s approach to the Kingfisher loan default case. In …

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