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LOAN DEFAULT CASE News
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Rotomac scam: I-T dept files six prosecution cases against Vikram Kothari
Tue, Feb 27, 2018
The Income Tax Department on Monday said it has filed six cases for the prosecution of Rotomac owner Vikram Kothari in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda.
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.
Karnataka High Court issues bailable arrest warrant against Vijay Mallya
Fri, Jan 27, 2017
The Karnataka High Court on Friday issued a bailable arrest warrant against Vijay Mallya for allegedly violating an undertaking given by him and his companies not to transfer their equity shares in United Breweries Limited (UBL) to British spirits company Diageo Plc.
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 files plea in Karnataka HC for recalling contempt order
Sat, Nov 26, 2016
Beleaguered liquor baron Vijay Mallya has filed an application in the Karnataka High Court (HC) for recalling its order summoning him for allegedly violating an undertaking given by him and his companies not to transfer their equity shares in United Breweries to Diageo Plc.
'Genuine' biz failure of Kingfisher now a 'nightmare': Vijay Mallya
Thu, Sep 29, 2016
Beleaguered liquor baron Vijay Mallya on Thursday said Kingfisher Airlines has turned out to be a 'nightmare' and blamed government's adverse taxation policies and higher fuel prices for the business failure.
Vijay Mallya flew away just like 'Kingfisher' bird: Bombay HC
Mon, Sep 19, 2016
The Bombay High Court on Monday observed that businessman Vijay Mallya aptly named his company 'Kingfisher', as like the bird of the same name he too flew away without bothering about boundaries.
ED attaches Vijay Mallya's assets worth Rs 6,630 crore in bank loan default case
Sat, Sep 03, 2016
The Enforcement Directorate (ED) on Saturday issued its second attachment order for assets worth Rs 6,630 crore against beleaguered businessman Vijay Mallya as it seized his farmhouse, flats and fixed deposits (FDs) in connection with its money laundering case against him and his associates.