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.
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.
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.
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”.
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.
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.
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.
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.
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.
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.
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.