ordered breweries mr sell spirits ed firm order utilise 1008 files pmla company united limited high arrest kingfisher argued plea sr lashes loan dismisses mallya extradition sc chidambaram cbi usl

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SC dismisses plea of Vijay Mallya’s UBHL against HC order to wind up the firm
4 years, 2 months ago

SC dismisses plea of Vijay Mallya’s UBHL against HC order to wind up the firm

Live Mint  

New Delhi: The Supreme Court on Monday dismissed a plea filed by United Breweries Holdings Limited of liquor baron Vijay Mallya against an order of the Karnataka High Court upholding the winding up of the firm for recovery of dues payable by Kingfisher Airlines Ltd. A bench comprising justices U U Lalit, Vineet Saran and S Ravindra Bhat refused to …

High Court Wind Assets Order Company Dismisses Plea Mallya
SC Dismisses Plea of Vijay Mallya's UBHL Against HC Order to Wind Up Firm
4 years, 2 months ago

SC Dismisses Plea of Vijay Mallya's UBHL Against HC Order to Wind Up Firm

News 18  

The Supreme Court on Monday dismissed a plea filed by United Breweries Holdings Limited of liquor baron Vijay Mallya against an order of the Karnataka High Court upholding the winding up of the firm for recovery of dues payable by Kingfisher Airlines Ltd. A bench comprising justices UU Lalit, Vineet Saran and S Ravindra Bhat refused to entertain the plea …

Court Wind Assets Order Sbi Dismisses Plea Mallya
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
‘Damned if you do and damned if you don’t’: Vijay Mallya’s latest attack on banks
5 years, 9 months ago

‘Damned if you do and damned if you don’t’: Vijay Mallya’s latest attack on banks

Hindustan Times  

Vijay Mallya has attacked public sector banks once again, a day after more than 74 lakh shares held by the fugitive liquor baron in United Breweries Holdings Limited were sold for over ₹1,000 crore. Fugitive liquor baron Vijay Mallya leaves after an extradition hearing at Westminster Magistrates Court, in central London. The Enforcement Directorate said on Wednesday that the sale …

India Bank Vijay Nda Mallya Vijay Mallya Kingfisher Airlines
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
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