Kingfisher Airlines
London court asks Vijay Mallya to pay £200,000 in costs to Indian banks
16 Jun 2018
The London court ordered Mallya, 62, to pay costs towards registering an Indian court’s order freezing Mallya’s assets worldwide and the order of the Karnataka Debt Recovery Tribunal (DRT) in Britain
Sebi bars Vijay Mallya from securities market for 3 years
02 Jun 2018
Market regulator Securities and Exchange Board of India (Sebi) has barred fugitive businessman Vijay Mallya from the securities market for another three years and also restrained him from holding directorship in listed companies for five years over alleged illegal diversion of funds from United Spirits
Indian banks win Rs10,000 cr lawsuit against Mallya in UK
09 May 2018
A UK judge has ruled that lenders can enforce an Indian court ruling related to alleged wilful default on about $1.4 billion in debt by Vijay Mallya, and also refused to overturn a worldwide order freezing Mallya’s assets
Mallya extradition nearer as judge allows almost all CBI evidence
27 Apr 2018
Likening the role of IDBI’s B K Batra to that of a ‘villian’, the Westminster Court judge said a detailed note presented by the prosecution on the conspiracy charges facing fugitive liquor baron Vijay Mallya was ‘most helpful’
‘Blindingly obvious’ that banks broke rules for Kingfisher loans: UK judge
17 Mar 2018
The UK judge hearing the case for the extradition of liquor baron Vijay Mallya has said it was "blindingly obvious" that rules were broken by Indian banks in sanctioning some of the loans to the defunct Kingfisher Airlines
More woes for Mallya: UK HC orders $90 mn payment to plane leasing firm
14 Feb 2018
This is the latest case involving the 62-year-old businessman, whose extradition case over alleged loan defaults amounting to around Rs9,000 crore returns to Westminster Magistrates’ Court in London on 16 March
ED plans to sell chunk of Mallya’s UB shares to raise Rs4,000 cr
19 Jan 2018
The Enforcement Directorate is planning to sell a major part of Vijay Mallya's unpledged shares in United Breweries to raise more than Rs4,000 crore, which is almost half of what the former liquor baron owes to lenders to his defunct Kingfisher Airlines
‘Tycoon’ Mallya forced to live on £5,000 a week as assets frozen
15 Dec 2017
Twelve Indian banks and a financial institution have successfully filed an application in the high court to freeze nearly Rs10,000 cr of the UK assets of businessman Vijay Mallya
