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British beverage giant Diageo wins $135 mn claim against Vijay Mallya in UK court
Fri, May 24, 2019
Over and above the USD 135 million, Mallya is liable to pay interest incurred at a commercial rate as well as 200,000 pounds towards legal costs.
Mallya fails to delay USD 40mn Diageo claim, legal costs mount in UK
Fri, Apr 12, 2019
The delay is at best unexplained and arguably of the defendant's [Mallya] own making. In my view, the claimants [Diageo] are entitled to have their claim progressed expeditiously, Justice Moulder said, concluding that Mallya was the author of its own misfortune.
Guilty of contempt on two counts, Supreme Court tells Vijay Mallya
Tue, May 09, 2017
On April 18, Mallya was arrested for just three hours by Scotland Yard in London and was granted bail by Westminster Court.
Vijay Mallya's sweetheart deal: Sebi may order payout for small investors
Thu, Jan 26, 2017
Market regulator Sebi is likely to order additional payout to small investors by way of a fresh open offer in loss to minority shareholders of United Spirits promoted by Vijay Mallya and new owner Diageo.
Vijay Mallya barred: Diageo says Sebi's order on United Spirits 'misconceived'
Thu, Jan 26, 2017
Diageo said, "Diageo is clear that the Watson backstop guarantee arrangements were not part of the price paid or agreed to be paid for any USL shares under the Original USL Transaction and therefore believes the decision in the SEBI notice to be misconceived and wrong in law and has appealed against it before the Securities Appellate Tribunal, Mumbai (SAT) on 29 July 2016."
Respond to banks' plea on $40 million transfer: SC to Vijay Mallya
Wed, Jan 11, 2017
Acting on banks' allegations that liquor baron Vijay Mallya had transferred $40 million (nearly Rs 266.11 crore) to his children in "flagrant violation" of various judicial orders, the Supreme Court (SC) on Wednesday asked him to file his response on the matter in three weeks.
Interpol denies India's request; no red-corner notice against Vijay Mallya
Sat, Jun 04, 2016
Earlier this year, Britain had refused to deport Mallya.
Sebi bans wilful defaulters from markets, holding board positions
Thu, May 26, 2016
While putting in place a stringent framework to choke the funding sources for wilful defaulters, Sebi has also restrained such entities from setting up market intermediaries like mutual funds and brokerage firms.
Vijay Mallya case: United Breweries' seeks a month's time to file fiscal results
Mon, May 23, 2016
The SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 mandates a company to file financial results within 60 days of the end of every financial year.