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Kingfisher Airlines (KFA) News
Kingfisher Airlines (KFA)
Vijay Mallya case: India takes issue of defaulters very seriously, says FM Jaitley
Tue, Feb 28, 2017
Earlier this month, the Indian government formally requested Britain to extradite him to India to stand trial for alleged loan default and money laundering.
Mallya-IDBI CMD 'holiday meeting' led to sanction of Rs 350 crore loan: ED
Mon, Jan 30, 2017
The ED probe also found that the considered brand valuation of the KFA, taken as a collateral by the bank for loan security in the said case, was not a sound decision.
Vijay Mallya's Twitter account hacked
Fri, Dec 09, 2016
A group called ‘Legion’ tweeted from Vijay Mallya’s account on Friday, giving details of his whereabouts in London along with his phone number and assets held with several banks.
Lenders lower Kingfisher Villa price by 5%; reauction on December 22
Mon, Dec 05, 2016
Lenders to the defunct Kingfisher Airlines have decided to again put up for auction on December 22 the plush sea-facing Kingfisher Villa at Condolim in north Goa at a marginal discount of 5 per cent to the last reserve price.
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.
Vijay Mallya wants to return to India
Fri, Sep 09, 2016
On April 15, after the Enforcement Directorate recommendation, the Ministry of External Affairs had suspended Mallya's passport.
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.
Bad time continues for banks; Kingfisher Airlines' brands fail to find buyers
Fri, Aug 26, 2016
The Kingfisher House has a built-up area of over 17,000 sq ft and is located in the plush Vile Parle area near the domestic airport in the megapolis.
ED registers new money laundering case against Vijay Mallya
Wed, Aug 24, 2016
In more trouble for businessman Vijay Mallya, the Enforcement Directorate (ED) has registered a fresh money laundering case against him and his associates to investigate the alleged loan default of Rs 6,027 crore availed from a consortium of nationalised banks, a case taken over by Central Bureau
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.
Couches to jet: Mallya assets to go under hammer for Rs 700 crore
Sun, Jul 31, 2016
As the lenders and tax authorities cool their heels for Vijay Mallya to return to India, they will put under hammer next month assets worth over Rs 700 crore of the embattled businessman's long-defunct Kingfisher Airlines.
Last deadline for Mallya; ED ask him to appear before PMLA court on July 29
Wed, Jun 29, 2016
The proclamation has been published in some prominent national dailies here and in Bangalore.
United Breweries down over 2% on Mallya exit talks
Thu, Jun 16, 2016
Shares of United Breweries Ltd fell by over 2 % today amid intense speculation that its Chairman Vijay Mallya may have to step down soon and sell his shares due to tightening of noose by markets regulator Sebi.
Aviation sector to see strong growth; air traffic to rise 14%
Thu, Jun 16, 2016
Domestic aviation industry is likely to see a strong growth period with air traffic estimated to grow at 14 % helped by a positive outlook for crude prices, says a report.
ED attaches Vijay Mallya, UBHL assets worth nearly Rs 1,400 crore in IDBI Bank loan default case
Sun, Jun 12, 2016
Enforcement Directorate (ED) on Saturday attached assets worth Rs 1,411 crore of liquor baron Vijay Mallya and one of his companies in connection with its money laundering probe in the the alleged IDBI Bank loan default case.
When Bank of Baroda goofed up on Vijay Mallya's loan 'guarantor'
Thu, Jun 09, 2016
As the news of a marginal farmer`s accounts being frozen for being a `guarantor` to Mallya`s loan spread, the bank admitted to the inadvertent mistake.
Extradition only way to bring Vijay Mallya back: Jayant Sinha
Wed, Jun 08, 2016
He and Union Urban Development Minister Venkaiah Naidu were here to talk about the achievements of the Narendra Modi-led government's two years in office.