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Tuesday, December 07, 2021

Kingfisher Airlines


Kingfisher House in Mumbai sold to Saturn Realters for Rs 52 crore

August 14, 2021 7:50 pm

The money received from the sale will go to the lenders that have already recovered Rs 7,250 crore through the auction of shares of fugitive businessman Vijay Mallya, former promoter of Kingfisher Airlines.

Kingfisher Airlines loan case: Bombay High Court gives foreign travel nod to former SBI chairman

April 08, 2021 11:28 pm

The court, however, asked Bhatt to keep the central agency informed of his travel dates and relevant details.

Vijay Mallya loses extradition appeal — what are his options?

April 21, 2020 9:13 pm

Vijay Mallya and his firm, Kingfisher Airlines Ltd, have come under the scanner of the Enforcement Directorate, CBI, Serious Fraud Investigation Office and Sebi for loan defaults of over Rs 10,000 crore to a consortium of Indian banks. What next for the liquor baron?

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. 


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

June 22, 2020 6:16 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.