Mallya said he was in talks with banks to settle dues of the defunct Kingfisher Airlines though he did not spell out how.
IDBI Bank extended loans worth Rs 900 crore to the now defunct Kingfisher Airlines, despite the airline’s negative credit ratings.
United Spirits Limited runs a liquor factory on the 10-bigha land in Meerut.
A bench of Justices J S Khehar and Adarsh K Goel junked Mallya’s appeal, paving the way for his prosecution under FERA provisions.
The board wants Mallya to step down after a probe showed that certain transactions between 2010 and July 2013 were subject to various improprieties and legal violations.
Mallya has refused to resign, saying the inferences and allegations were ‘unjustified and false’.
Karnataka HC admits six winding-up petitions filed against United Breweries Holdings by Kingfisher Airlines’ creditors.
While the Calcutta High Court has dismissed United Bank of India’s decision to declare UB Group chairman Vijay Mallya…
As UB Group continues to face growing shareholder activism, its Chairman Vijay Mallya resigned as a director of group entity MCFL.
United Bank has declared Kingfisher Airlines ‘wilful defaulter’ for defaulting loan of Rs 350 cr.
The price has risen from Rs 73.78 on September 25 to Rs 102.65 shooting well above the offer price of Rs 93.6 before slipping back to Rs 95.
Charles MacLean, the world’s leading authority on whiskey, likes his scotch but doesn’t mind some of the Indian blends with a nip of water.
United bank is first PSU lender to initiate process of declaring Vijay Mallya, KFA as wilful defaulters.
The airline counsel submitted that they would challenge the GRC order before the concerned High Court.
United Bank of India’s move might threaten Mallya’s position on the board of the group companies as it might impact their ability to raise funds from banks.