SC directs Home Ministry to ensure Mallya's presence on July 10
India had recently asked Britain to ensure early extradition of Mallya, who is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines.
May 10, 2017, 15:15 PM IST
Big setback for Vijay Mallya: SC finds liquor baron guilty of contempt of court, summons him on July 10
In yet another jolt to absconding businessman Vijay Mallya, the Supreme Court on Tuesday found liquor baron guilty of contempt of court and summoned him on July 10 for transferring USD 40 million to his children in violation of the court's order.
May 09, 2017, 10:46 AM IST
Vijay Mallya files plea for recalling contempt order
Beleaguered liquor baron Vijay Mallya has filed an application in the Karnataka High Court for recalling its order summoning him for allegedly violating an undertaking given by him and his companies not to transfer their equity shares in United Breweries to Diageo Plc.
Nov 25, 2016, 22:31 PM IST
Congress criticises Centre for not inquiring Vijay Mallya's transactions
Congress today made a scathing attack on the Centre "for not inquiring" various transactions of money paid to Vijay Mallya by Diageo Plc, including the USD 40 million Sweetheart deal.
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
Have already paid $40 million to Vijay Mallya as part of $75 million deal: Diageo
Asked about the Debt Recovery Tribunal`s (DRT) March 7 order to it not to pay Mallya any part of the severance package till its next hearing on March 28, King said the company was yet to receive such an order.
Mar 09, 2016, 19:56 PM IST
Double whammy for Vijay Mallya: ED files case, DRT blocks $75 million in Diageo deal
It is feared that Mallya might become a fugitive from law by shifting base to a country where it might be difficult to make him face the Indian laws, officials said.
Mar 07, 2016, 23:01 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
Vijay Mallya's 'sweetheart deal' with Diageo, United Spirits faces SEBI scrutiny
Vijay Mallya's Rs 515-crore 'golden parachute' to exit United Spirits faces an extensive scrutiny by markets regulator SEBI, which has begun looking into possible violations of corporate governance and other norms because of this deal.
Feb 26, 2016, 23:12 PM IST
NSE asks USL to make Vijay Mallya probe report public; company refuses
Taking forward its probe into the entire matter, the National Stock Exchange had asked United Spirits Ltd (USL) to provide a detailed report on its inquiry for "the public dissemination purpose".
May 06, 2015, 21:46 PM IST
NSE asks USL to make public fund diversion to Vijay Mallya's UB Group
Alleging fund diversions, United Spirits' new own Diageo had recently asked Vijay Mallya to step down at the Chairman and Director of the Indian liquor firm.
May 06, 2015, 20:57 PM IST
USL may have to restate a/c; investor groups slam Diageo role
Facing a multi-agency scrutiny, Diageo-owned United Spirits may have to restate its financial accounts, even as some investor groups have begun to question the UK-based parent's long silence on allegations against the erstwhile main promoters, Vijay Mallya-led UB Group.
May 03, 2015, 14:59 PM IST
Vijay Mallya escalates war on USL board; Diageo pores over 'contract'
Upping the ante to retain Chairmanship at United Spirits, embattled Vijay Mallya Monday said majority owner Diageo has "contractual obligations" to support his position, even as the British liquor giant said the contract was valid only if there were no "defaults".
Apr 27, 2015, 22:23 PM IST
UB entities, others under multi-agency scanner
As Vijay Mallya fights it out with United Spirits to retain his Chairmanship, the role of some top executives, auditors and promoter entities linked to the UB Group have come under scanner of multiple regulatory agencies for alleged irregularities between 2010 and 2013.
Apr 27, 2015, 20:37 PM IST
Vijay Mallya: From bad to worse for 'King of Good Times'
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
Apr 27, 2015, 19:11 PM IST
Vijay Mallya's boardroom battle casts shadow on USL, UB Group shares
Amid a boardroom battle at Diageo- owned United Spirits to oust Chairman Vijay Mallya, shares of the company as also that of various UB Group firms including long-grounded Kingfisher Airlines fell sharply Monday.
Apr 27, 2015, 18:03 PM IST
Will discuss the issue bilaterally with Diageo: Vijay Mallya
Liquor baron Vijay Mallya, who has been asked to quit from the chairmanship of the board of Diageo-controlled United Spirits, Monday said he will discuss the issue bilaterally with the world's largest spirits maker.
Apr 27, 2015, 17:14 PM IST
Vijay Mallya Vs Diageo: SEBI to look into disclosure, other lapses
With liquor giant United Spirits asking its own Chairman Vijay Mallya to quit, markets watchdog SEBI and other regulatory agencies have begun looking into suspected irregularities at the company, including about the alleged fund diversion and disclosure-related lapses.
Apr 26, 2015, 18:45 PM IST
United Spirits shuts down manufacturing unit in West Bengal
Liquor major United Spirits has shut down its manufacturing unit at Hooghly, West Bengal citing space constraints and other operational issues.
Mar 05, 2015, 21:32 PM IST
