UB Group
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’
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
Mallya may face biased SC, trial by media in India: defence witness
12 Dec 2017
A law expert appearing on behalf of beleaguered businessman Vijay Mallya on Monday cast doubts on the Indian Supreme Court’s handling of the case, alleging that it gave preferential treatment to banks and was also swayed by “media trials”
Mallya never intended to repay Kingfisher loans, UK court told
05 Dec 2017
The extradition trial of former liquor baron Vijay Mallya, wanted in India on charges of fraud and money laundering, began at a court in London with the prosecution asserting that the embattled Mallya had a "case of fraud" to answer
