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After Jet Airways, Pawan Hans faces financial crunch; salaries for April on Hold
Mon, Apr 29, 2019
Pawan Hans' management released a circular for its employees on April 25, stating that the company is not in a sound position to release salaries of the employees for April due to "uncomfortable financial position in Pawan Hans.
Gitanjali Gems faces Kingfisher’s fate; shareholders, employees in lurch
Sat, Feb 24, 2018
Kingfisher Airlines, which was run by India’s own Richard Brandson Vijay Mallya, had met with the similar fate, when it was grounded in October 2012
UK: Vijay Mallya extradition trial hearing inconclusive
Thu, Jan 11, 2018
Embattled liquor baron Vijay Mallya, wanted in India on charges of fraud and money laundering allegedly amounting to around Rs 9,000 crore, today appeared in court here for his extradition trial but the hearing was inconclusive as the defence is yet to complete its arguments.
Faulty aircraft engines led to Kingfisher collapse: Vijay Mallya
Fri, Mar 03, 2017
Vijay Mallya, the embattled businessman who is in the UK, today said faulty engines were one of the factors for the collapse of Kingfisher Airlines.
India asks UK for Mallya's deportation
Thu, Feb 09, 2017
India has handed over a request for the extradition of liquor baron Vijay Mallya to the British High Commission here, the Ministry of External Affairs on Thursday said.
Big blow to Vijay Mallya, Karnataka High Court orders winding up of United Breweries Holdings
Tue, Feb 07, 2017
The Karnataka High Court on Tuesday ordered winding up of United Breweries Holdings Ltd (UBHL) for recovering dues payable by the UBHL-promoted defunct Kingfisher Airlines of Vijay Mallya.
UPA, NDA treat me like football: Vijay Mallya
Fri, Feb 03, 2017
Former Kingfisher Airlines chief Vijay Mallya on Friday said he was being treated like a "football" between the NDA and the UPA governments without "refrees".
Begged for help, not loans, says Mallya
Sat, Jan 28, 2017
Squarely putting the blame for collapse of Kingfisher Airlines (KFA) on the then government's policies and economic conditions, troubled liquor tycoon Vijay Mallya has said public funds were used to bail out state-owned Air India, but not the then "largest domestic airline."
Bankers seeks criminal action against Vijay Mallya, other 'defaulters'
Mon, Dec 05, 2016
The All India Bank Employees Association (AIBEA) has demanded that criminal action be initiated against around 8,000 loan defaulters including beleaguered businessman Vijay Mallya.
Mallya's jet to be re-auctioned; HC allows claimant to withdraw Rs 27 crore bid
Tue, Sep 27, 2016
The Bombay High Court today allowed a company, which had claimed to have won the auction for the fugitive industrialist Vijay Mallya's luxury jet for Rs 27.39 crore, to withdraw its bid paving the way for a fresh auction.
Mallya’s Goa villa, cars up for grabs at Rs 85 crore
Tue, Sep 13, 2016
The 17 bank consortium led by State Bank of India will be auctioning embattled businessman, Vijay Mallya’s Goa villa at a reserve price of Rs 85.29 crore.
United Breweries Holdings Q4 net loss narrows to Rs 43 crore
Thu, Sep 01, 2016
United Breweries (Holdings) Ltd today reported narrowing of its standalone net loss at Rs 43.14 crore for the fourth quarter ended March 31, 2016. The company had posted a net loss of Rs 373.73 crore during the same period of the previous fiscal.
Rules say we need Mallya to appear before Supreme Court: Attorney General
Mon, Aug 29, 2016
The Supreme Court trial for hearing the banks’ plea against Vijay Mallya concluded with the attorney general, Mukul Rohtagi, appearing for the banks, saying that the businessman has breached court order by not appearing in front of it.
Apex court to hear banks’ plea against Vijay Mallya today
Mon, Aug 29, 2016
The Supreme Court will hear Kingfisher Airlines' 17-lender banks’ plea against Vijay Mallya on Monday, in the on-going proceedings of the beleaguered liquor baron.
Vijay Mallya case: Serious frauds office starts investigating top PSB bankers
Mon, Aug 29, 2016
The Serious Fraud Investigations Office (SFIO), the government agency that investigates white collar crimes, has widened its search to include bankers and former heads of public sector banks.
SGI Commex claims to win auction of Mallya's jet for Rs 27 crore
Wed, Aug 24, 2016
Days after the service tax department held an auction to sell embattled businessman Vijay Mallya's personal jet, little-known SGI Commex today said it emerged as the 'successful bidder' at a price of Rs 27.39 crore (USD 4.1 million), which is nearly one-sixth of the reserve price.
Mallya PMLA case: ED expands probe, to add fresh charges
Wed, Aug 17, 2016
The Enforcement Directorate (ED) has expanded the ambit of its money laundering probe against beleaguered businessman Vijay Mallya and will now investigate the alleged default of loans to the tune of Rs 6,027 crore availed from a consortium of nationalised banks, a case taken over by CBI recently
CBI registers fresh case against Mallya on SBI's complaint
Sat, Aug 13, 2016
The Central Bureau of Investigation (CBI) on Saturday registered a fresh case against liquor baron Vijay Mallya under Section 420 of the Indian Penal Code (IPC) in connection with State Bank of India loan default case.
United Spirits to sell Vijay Mallya's properties, shares to reduce debt
Sun, May 29, 2016
Diageo-controlled liquor firm United Spirits Ltd (USL) is looking to reduce its debt by up to Rs 2,000 crore in the next two years through various measures that include sale of shares and properties earlier owned by embattled businessman Vijay Mallya.
Kingfisher Airlines' trademarks to be auctioned on April 30
Fri, Apr 29, 2016
Bankers will auction trademarks of Kingfisher Airlines including 'Kingfisher logo' and its once famous 'Fly The Good Times' punch line.