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Saturday, January 18, 2020

Vijay Mallya


Vijay Mallya let French mansion rot, lender charges

January 17, 2020 9:52 am

Mallya bought ‘Le Grand Jardin’ through his company Gizmo Invest SA in 2008 using a 27-million euro ($30 million) loan facility from Ansbacher & Co., a unit of Qatar National Bank SAQ. Gizmo has since defaulted on the loan

Supreme Court: Vijay Mallya can’t use pendency of plea to stall insolvency cases abroad

January 07, 2020 4:41 am

The clarification came after Solicitor General Tushar Mehta told the apex court that the insolvency proceedings initiated by SBI against Vijay Mallya in a UK court are pending.

Vijay Mallya cannot use pendency of plea here to stall proceedings in UK: SC

January 06, 2020 1:21 pm

A bench headed by Chief Justice S A Bobde passed the order after the Centre told the top court that Mallya had asked the London court to not take up the matter because the matter is pending before the Indian Supreme Court.

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.

Vijay Mallya makes another offer of 100 per cent loan payback

August 07, 2019 10:24 pm

In the wake of the death of Cafe Coffee Day founder V G Siddhartha, Sitharaman made the statement while responding to the debate on the amendments to the Insolvency and Bankruptcy Code (IBC) in the Lok Sabha last Thursday.

CCD owner's death: Kiran Shaw slams PE firm, Mahindra says business failure need not destroy self-esteem

August 01, 2019 8:09 am

Reacting to the demise of VG Siddhartha, Biocon MD Kiran Mazumdar Shaw said that it is a "shocking and sad end" to a quiet n unassuming pioneer who started the coffee cafes business ahead of Starbucks in India.

ED unearths new shell firms linked to Vijay Mallya; raids his close aide

July 29, 2019 7:49 pm

The federal agency last week conducted its first-ever raid operation, under the newly enacted Fugitive Economic Offender (FEO) law, against Bengaluru-based V Shashikant and his family after it has obtained some inputs on these purported dubious financial transactions.

SC to hear Vijay Mallya's plea challenging confiscation of properties on Friday

July 29, 2019 11:55 am

Mallya, who is currently in the UK, has been charged by the Enforcement Directorate (ED) of defaulting on bank loans to the tune of Rs 9,000 crore. He is also facing an extradition trial in the UK.

Ex-aide under probe for routing funds via overseas firm to Vijay Mallya

July 29, 2019 6:39 am

A complaint filed by a whistleblower alleged that Ultimate Branding is getting commission from UBL for “getting business” and also “getting significant margins in USD in trading of Kingfisher beer in international markets via front companies”.

Indian banks win UK court order to seek details of Mallya's asset ownership

July 22, 2019 11:13 pm

Justice Robin Knowles ruled that he was satisfied that a consortium of Indian banks, led by SBI, have a right to the documents they are seeking to establish the true ownership of the assets they believe are linked with the Mallya.


Nirav Modi, Priya Varrier, Indu Malhotra, Navjot Singh Sidhu: Newsmakers of 2018

December 25, 2018 7:31 am

From Urjit Patel's resignation to the demise of former PM Atal Bihari Vajpayee, 2018 has been an eventful year. Here is a recap of the year in photographs

Virat Kohli hosts charity ball in London; Sachin Tendulkar, MS Dhoni, Anil Kumble, Vijay Mallya attend; see inside pics

June 06, 2017 9:49 am

Virat Kohli hosted a charity ball in London and it was attended by the likes of Sachin Tendulkar, Yuvraj Singh, Rohit Sharma, Shikhar Dhawan, MS Dhoni, Anil Kumble and many more.


Express Eye for Detail Ep 5: Political war over Vijay Mallya, Kerala nun rape case and rising fuel prices

September 14, 2018 3:20 pm

Why are the Congress and the BJP fighting over Vijay Mallya? Is the Kerala nun's rape case the biggest blot on the church in India? And what did a Bharat bandh this week really achieve? Arun George answers the big questions of the week.

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.

Mallya claims he met Jaitley and offered to settle debt

September 13, 2018 10:36 am

Triggering a political firestorm in India, fugitive businessman Vijay Mallya said in London Wednesday that he had “met the Finance Minister” before leaving India in 2016 and “repeated my offer to settle with the banks”.

Keystrokes: Vijay Mallya

March 10, 2016 6:31 pm