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Vijaya Mallya News
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.
Vijay Mallya plea for permission to appeal against his extradition rejected by UK court
Mon, Apr 08, 2019
Fugitive Vijay Mallya today met with another jolt as a UK High Court rejected his application for permission to appeal against his extradition order.
HDFC Bank opposes SBI's plea to liquidate 6.6 million shares of United Spirits
Fri, Mar 29, 2019
Banks are seeking court permission to liquidate 65.85 lakh shares of United Spirits which were pledged by two Vijay Mallya companies -- United Breweries Holdings (UBHL) and Kingfisher Finvest, the holding company of the defunct Kingfisher Airlines -- as collateral for loans from HDFC Bank.
Nitin Gadkari on 'Mallyaji': Unfair to call a one-time loan defaulter a 'chor'
Fri, Dec 14, 2018
Gadkari has for long been calling for a more considerate and realistic approach to NPAs, and indirectly blamed the bankers for the NPA mess, saying our banking system is such that it does not support sick companies.
Vijay Mallya-linked UBHL pleads with Karnataka HC not to shut down company
Wed, Dec 12, 2018
UBHL deserves to be wound up for "failure to discharge" their duties to pay up their creditors, Justice Vineet Kothari had said in his order on petitions by banks and aircraft lessors.
Vijay Mallya extradition case: UK judge blasts Indian banks
Tue, Dec 11, 2018
Judge Emma Arbuthnot, Chief Magistrate at Westminster Magistrates' Court in London, ruled that the 62-year-old businessman had a prima facie case of fraud and money laundering to answer and expressed her shock at the failure to obtain proper credit reports before certain loans were sanctioned by some of the Indian state-owned banks.
Vijay Mallya extradition case: UK court verdict expected today; CBI team to attend crucial hearing
Mon, Dec 10, 2018
Vijaya Mallya opposed his extradition to India on the grounds that the case against him is "politically motivated" and the loans he has been accused of defrauding on were sought to keep his now-defunct airline afloat.
Alert! Income Tax dept warns about Vijay Mallya shares; this is what it wants you to do
Thu, Oct 25, 2018
The Income Tax Department on Thursday cautioned the public against buying over 41-lakh equity shares of fugitive liquor baron Vijay Mallya in his company the Debt Recovery Tribunal-II has put up for sale through e-auction on October 30, an official said.
Defiant Vijay Mallya says he made comprehensive offer in Karnataka
Wed, Sep 12, 2018
The 62-year-old former Kingfisher Airline boss, who has been on bail on an extradition warrant since his arrest in April last year, responded to the swarm of reporters gathered outside the court in his characteristic manner, saying the "courts will decide".
This is the jail Vijay Mallya will be kept in by India
Tue, Jul 31, 2018
The comments came after a court in the UK today asked the Indian authorities to submit a video within three weeks of Arthur Road Jail cell where they plan to keep Mallya post-extradition to face the law in connection with the Rs 9,000 crore loan default cases.
Trouble for Vijay Mallya? UK court wants India to show video of Mumbai jail cell
Tue, Jul 31, 2018
A defiant Vijay Mallya said that the allegations of money laundering and stealing money against him are "completely false". He reportedly made the comments outside the Westminster Magistrates' Court where he arrived along with his son Siddharth for closing arguments in his high-profile extradition trial.
Liquor baron Vijay Mallya's extradition trial begins in UK court
Mon, Dec 04, 2017
The 61-year-old tycoon looked relaxed as he was greeted by a swarm of cameras and reporters when he entered the court to stand trial on charges of fraud and money laundering related to his erstwhile Kingfisher Airlines owing several Indian banks around Rs 9,000 crores.