person ordered prepares sell ed exliquor baron summons tag pmla release banks laundering limited bank cr arrest officials economic offender shares crore likely argued ordinance entities dismisses given cbi

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Karnataka HC Refuses To Quash Condition Imposed By IDBI Bank For Release Of Pledged Equity Shares Of United Spirits Ltd[Read Order]
5 years, 6 months ago

Karnataka HC Refuses To Quash Condition Imposed By IDBI Bank For Release Of Pledged Equity Shares Of United Spirits Ltd[Read Order]

Live Law  

The Karnataka High Court has refused to grant relief to United Spirits Limited and USL Benefit Trust, which sought to quash a condition imposed by IDBI Bank Limited for release of its pledged equity shares given in lieu of a loan of Rs 625,45,056 crores sanctioned and disbursed to Kingfisher Airlines, in 2010. Justice Alok Aradhe while dismissing the writ …

Karnataka Writ Company United Condition Shares Spirits
Sale of Vijay Mallya’s United Breweries shares fetch ₹1,008 crore: ED
5 years, 9 months ago

Sale of Vijay Mallya’s United Breweries shares fetch ₹1,008 crore: ED

Live Mint  

New Delhi: The sale of over 74 lakh shares held by absconding businessman Vijay Mallya in United Breweries Holdings Ltd by Bengaluru-based Debt Recovery Tribunal has fetched ₹1,008 crore, the Enforcement Directorate said Wednesday. ED said the UBHL shares attached by the agency as part of its money laundering probe against Mallya were lying with Yes Bank. "Based on the …

Bank Shares Mallya Vijay Mallya United Breweries Ubhl
Sale of Vijay Mallya's shares worth Rs 1,000 cr cleared; liquidator to sell 7.4 mn United Breweries' stocks today
5 years, 9 months ago

Sale of Vijay Mallya's shares worth Rs 1,000 cr cleared; liquidator to sell 7.4 mn United Breweries' stocks today

Firstpost  

This is the first sale of Vijay Mallya’s confiscated assets by the authorities since he left the country in March 2016 Mumbai: In a major step to partly recover outstanding dues from Vijay Mallya, a PMLA court on Tuesday rejected United Breweries Holdings’ plea to stay the proposed sale of shares worth around Rs 1,000 crore of its erstwhile subsidiary …

Court Sale Shares Pmla Mallya Vijay Mallya Drt
Attached Vijay Mallya shares were part of unpaid Yes Bank loan
5 years, 9 months ago

Attached Vijay Mallya shares were part of unpaid Yes Bank loan

India Today  

Proactive measures by the Enforcement Directorate have helped the SBI-led consortium of banks recover Rs 1,008 crore worth of NPA through the sale of United Breweries Ltd shares that were held by Vijay Mallya. ED's investigation in the Vijay Mallya/Kingfisher Airlines case has revealed that substantial assets in the form of United Breweries Limited's shares were lying with Yes Bank. …

Recovery Court Bank Order Yes Bank Shares Karnataka High Court
Sale of UBHL shares of Mallya fetch Rs 1,008 cr: ED
5 years, 9 months ago

Sale of UBHL shares of Mallya fetch Rs 1,008 cr: ED

India Today  

The sale of shares, held by absconding businessman Vijay Mallya in United Breweries Holdings Limited, by the Debt Recovery Tribunal has fetched Rs 1,008 crore, the ED said Wednesday. The Enforcement Directorate said the shares, attached by the agency as part of its money laundering probe against the liquor baron, were lying with Yes Bank and the Karnataka High Court …

Shares Vijay Mallya Ubhl Mallya Fetch
United Spirits Ltd., United Breweries Holding Ltd. And Vijay Mallya Are Separate Entities: Sr. Advocate P Chidambaram
5 years, 10 months ago

United Spirits Ltd., United Breweries Holding Ltd. And Vijay Mallya Are Separate Entities: Sr. Advocate P Chidambaram

Live Law  

United Spirits Limited argued before the Karnataka High Court that despite the fact that USL has repaid the entirety of its loan from IDBI, the bank is incorrectly refusing to release the securities. The bank is maintaining that it is holding the securities on the ground that loans taken by Kingfisher Airlines Limited remain unpaid. He argued that as USL …

Loan Securities Idbi Vijay Mallya Ubhl Usl Argued
ED seeks 'fugitive' tag for Vijay Mallya under new ordinance
6 years, 6 months ago

ED seeks 'fugitive' tag for Vijay Mallya under new ordinance

ABP News  

New Delhi, June 22 : The Enforcement Directorate on Friday filed an application before a special Mumbai court for declaring liquor baron Vijay Mallya as a fugitive economic offender. Two separate Enforcement Case Information Reports were registered by ED under Prevention of Money Laundering Act, 2002 for an investigation into the offense of Money Laundering, against Mallya, Kingfisher Airlines, United …

India Mumbai Money Laundering Mallya Ubhl