More trouble for Vijay Mallya: DRT directs Diageo not to disburse $40 million to him
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse USD 40 million of the USD 75 million deal to Vijay Mallya.
May 17, 2016, 19:45 PM IST
Diageo submits Vijay Mallya's settlement deal to debt recovery tribunal
In what could further tighten Vijay Mallya's position, Diageo has submitted the settlement agreement to debt recovery tribunal (DRT).
May 12, 2016, 12:03 PM IST
Supreme Court directs Vijay Mallya to disclose all assets to banks
In a major blow, the Supreme Court has directed beleaguered liquor baron Vijay Mallya to disclose all his assets, including the overseas assets held by him, his estranged wife and children to the banks with whom he has defaulted.
Apr 26, 2016, 16:07 PM IST
DRT to resume hearing on banks' plea countering UBHL'S claims
The Debt Recovery Tribunal on Thursday will resume hearing on counter objections filed by SBI-led consortium of banks against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of USL equity shares by lenders at 'cheaper rate'.
Apr 21, 2016, 12:37 PM IST
SBI-led consortium files counter to UBHL claim of Rs 594 crore
A consortium of banks led by State Bank of India Wednesday filed counter objections against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of USL equity shares by lenders at 'cheaper rate'.
Apr 13, 2016, 22:11 PM IST
Vijay Mallya Case: Diageo Plc files objections against DRT Order
British liquor giant Diageo and two of its subsidiaries today filed their objections in the Debt Recovery Tribunal here against its last month order barring liquor baron Vijay Mallya from withdrawing USD 75 million exit payout by it under a sweetheart deal till the disposal of SBI's case against him over loan default.
Apr 06, 2016, 00:12 AM IST
Diageo to 'review' DRT order, says $40 million paid to Vijay Mallya
As part of their agreement Diageo agreed to pay Mallya, USD 75 million for stepping down as Chairman of United Spirits and for entering into a non-compete pact.
Mar 11, 2016, 18:22 PM IST
'Sweetheart deal' turns sour: DRT bars Vijay Mallya from withdrawing $75 mn Diageo money
The tribunal ordered that the amount be attached till the disposal of the original application filed by State Bank of India in 2013.
Mar 07, 2016, 19:29 PM IST
Big blow to Vijay Mallya: Diageo can't disburse $75 million payout, rules DRT
The Debt Recovery Tribunal (DRT) on Monday ruled that Vijay Mallya cannot withdraw from USD 75 million severance package that he will be getting for quitting Diageo-owned United Spirits (USL) as its chairman.
Mar 07, 2016, 15:01 PM IST
Vijay Mallya default case: DRT to pass its orders today
The DRT had reserved its order after hearing submissions made by both parties—bankers and Mallya—on 4 March.
Mar 07, 2016, 08:57 AM IST
Karnataka HC orders issue of notice to Vijay Mallya
The Karnataka High Court on Friday ordered issue of notice to liquor baron Vijay Mallya and his defunct Kingfisher Airlines and nine other respondents on a petition filed by bankers, including SBI, seeking his arrest and impounding of his passport for defaulting on loans.
Mar 04, 2016, 23:32 PM IST
Vijay Mallya case: DRT reserves order on SBI plea for lender's right
The judge said other three applications - seeking impounding of Mallya's passport, getting him arrested and getting full disclosure of his assets in the country and abroad - will be heard later.
Mar 04, 2016, 22:38 PM IST
Debt Recovery Tribunal to be computerised: Arun Jaitley
Government is looking at computerisation of the Debt Recovery Tribunal (DRT) and also plans to reduce the number of oral hearing to two, Finance Minster Arun Jaitely said on Monday.
Sep 28, 2015, 19:27 PM IST
