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Tuesday, April 07, 2020

Kingfisher Airlines


Request banks with folded hands, take your money: Vijay Mallya

February 14, 2020 9:36 am

“I request the banks with folded hands, take 100 per cent of your principal back, immediately,” Vijay Mallya said outside the Royal Courts of Justice in London.

Vijay Mallya faces bankruptcy over $1.5 billion in debt

December 11, 2019 1:58 pm

Vijay Mallya was arrested in London in April 2017 after 17 banks accused him of willfully defaulting on more than $1.3 billion in debt accumulated by Kingfisher Airlines, which shut down in 2012.

RBI imposes Rs 50 lakh fine on PNB for delay in reporting fraud in Kingfisher Airlines account

August 03, 2019 3:41 pm

"RBI observed from the fraud monitoring report-1 submitted by Punjab National Bank on July, 10 2018 that the bank had delayed the reporting of fraud in the account of Kingfisher Airlines Limited," PNB said in a regulatory filing.

Bombay HC dismisses Vijay Mallya's plea seeking protection from sale of assets

July 11, 2019 2:18 pm

Earlier this year, Vijay Mallya had told the Bombay High Court that by declaring him a fugitive economic offender and allowing attachment of his assets, a special court had awarded him an “economic death penalty”.

Vijay Mallya accuses CBI of witch-hunt after winning right to appeal extradition order

July 03, 2019 6:01 pm

Mallya also repeated his offer of a 100 per cent payback to state-owned Indian banks to cover the debt of Kingfisher Airlines. "Please take the money. With the balance, I also want to pay employees and other creditors and move on in life," he said.

Explained: The rise and fall of private airlines

April 20, 2019 2:46 pm

The suspension of operations at Jet Airways — at one time India’s largest private airline — announced Wednesday, follows the troubles at Kingfisher, Air Deccan, and Sahara. A short history of hope and distress in a highly competitive market over the last 30 years.

Vijay Mallya's extradition: What happens next?

December 11, 2018 6:12 pm

The decision will now be channelled to the United Kingdom Home Office (the British equivalent of Home Ministry) where Home Secretary Sajid Javid, will pass an order based on that verdict of the Magistrates' Court. 

Get Mallya back

September 15, 2018 12:36 am

But don’t let l’affaire Mallya pave the way for return of unfair motif of businessman-as-villain, taint enterprise itself.

Before Vijay Mallya left India, his trail, as per SFIO probe report

September 14, 2018 7:04 am

The SBI notice of August 19 alleged diversion of funds by Kingfisher Airlines to UB Group of companies and other firms. Mallya challenged the decision of UBI and SBI in various courts.

Banks hope to recover maximum after UK court order on Mallya: SBI Managing Director

July 07, 2018 1:38 am

SBI Managing Director Arijit Basu said the Indian banks have already recovered a total of Rs 963 crore through sale of Mallya’s domestic assets, and the UK Court’s order would further empower them to recover loans not repaid by Kingfisher Airlines.


Fugitive businessman Vijay Mallya owes India Rs 9,000-crore: News in numbers

September 13, 2018 1:58 pm

Fugitive liquor baron Vijay Mallya, who has been in the UK for two years now, is accused of fraud and money laundering worth Rs 9,000 crore. Find more in today's news in numbers.