ED initiates process to extradite Vijay Mallya from UK
The Enforcement Directorate has initiated steps to extradite Vijay Mallya from the United Kingdom and has written to the Ministry of External Affairs and Prevention of Money Laundering Court seeking permission.
May 16, 2016, 14:30 PM IST
Vijay Mallya keen on returning to India; makes new settlement offer to SBI
Vijay Mallya is serious about repaying his loans and honouring all commitments, according to the directors of United Breweries Ltd.
May 16, 2016, 09:41 AM IST
In bad times, Mallya's luxury jet awaits a buyer!
Waiting to be auctioned off by tax authorities for recovery of their dues, the erstwhile 'King of Good Times' Vijay Mallya's private luxury jet is reminiscent of his high-flying days -- interspersed with plush sofas, a cushioned bed, bars, showers and even a bathrobe.
May 15, 2016, 15:43 PM IST
More trouble for Vijay Mallya: CBI writes to Interpol; seeks red corner notice
CBI has written to Interpol Headquarters on Enforcement Directorate's request to seek Red Corner Notice against Vijay Mallya
May 12, 2016, 18:14 PM IST
Rajya Sabha accepts Vijay Mallya's fresh resignation
The Rajya Sabha on Wednesday accepted fresh resignation of liquor baron and Independent MP Vijay Mallya after he sent a fresh letter under his signature, a day after his scanned offer was rejected on procedural grounds.
May 04, 2016, 19:25 PM IST
I am neither a borrower or a judgement debtor, says Vijay Mallya
Liquor baron Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, Tuesday tweeted that I am neither a borrower or a judgement debtor.
May 03, 2016, 10:46 AM 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.
No takers for Kingfisher Airlines brand at online auction
Auction of brands and trademarks of the long-grounded Kingfisher Airlines turned out to be a damp squib on Saturday as lenders failed to attract a single bidder for sale of these pledged assets at a reserve price of Rs 366.70 crore in their efforts to recover unpaid loans from beleaguered businessman Vijay Mallya.
Apr 30, 2016, 14:47 PM IST
Vijay Mallya's Arrogance from London
Vijay Mallya has said that banks will not get anything from his arrest.
Apr 29, 2016, 22:30 PM IST
Vijay Mallya's warning to banks
Vijay Mallya has said that banks will not get anything from his arrest.
Apr 29, 2016, 22:29 PM IST
DRT questions Diageo's delay in furnishing deal details
The Debt Recovery Tribunal (DRT) here on Friday questioned Diageo Plc about the delay in furnishing details of the USD 75 million severance package agreed upon between beleaguered tycoon Vijay Mallya and the company.
Apr 29, 2016, 18:12 PM IST
DRT questions Diageo's delay in furnishing deal details
The Debt Recovery Tribunal (DRT) here on Friday questioned Diageo Plc about the delay in furnishing details of the USD 75 million severance package agreed upon between beleaguered tycoon Vijay Mallya and the company.
Apr 29, 2016, 18:12 PM IST
Vijay Mallya says in forced exile, no plans to return to India
Mallya, 60, said he remains an Indian patriot, who is "proud to fly the Indian flag", but as the outcry around him continues, he is more than happy to stay safe in the UK and has no plans to leave that country.
Apr 29, 2016, 11:57 AM IST
DRT likely to rule on Vijay Mallya’s Diageo package today
The Debt Recovery Tribunal will resume hearing on bankers' plea for securing the first right on the USD 75 million severance package that Mallya had already received for quitting Diageo-owned United Spirits (USL) as its Chairman under a sweetheart deal.
Apr 29, 2016, 10:44 AM IST
Vijay Mallya says keen on paying up dues, but Rs 9000 default figure artificially inflated
Vijay Mallya, who is under severe pressure from the Indian investigating agencies and banks regarding huge loan default, says that he wishes to settle the loan money he took from Indian banks, but claims that the so-called Rs 9000 crore alleged default is an inflated figure.
Apr 29, 2016, 10:36 AM IST
Foreign Ministry Writes to UK for Vijay Mallya's Deportation
Foreign Ministry today has written to the high commission of UK in Delhi for the deportation of Vijay Mallya.
Apr 29, 2016, 10:13 AM IST
More trouble for Vijay Mallya as India seeks his deportation from UK
India has asked the UK to deport Vijay Mallya, whose Kingfisher Airlines has been accused of defaulting bank loans of over Rs 9,400 crore, citing the revocation of his passport and a non-bailable warrant against him.
Apr 28, 2016, 18:24 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
Vijay Mallya not cooperating in investigation process: Banks tell SC
The consortium of banks today alleged in the Supreme Court that Vijay Mallya, who has been in United Kingdom, is not cooperating in the investigation of cases lodged against him and was averse to disclosing foreign assets.
Apr 25, 2016, 21:28 PM IST
Rajya Sabha ethics panel recommends terminating Vijay Mallya's membership
The Ethics committee of Parliament took up the issue of beleaguered businessman Vijay Mallya, who is facing legal proceedings for alleged loan defaults by his group to the tune of over Rs 9,000 crore, and gave him a week to respond why his membership of the Upper House should not be terminated.
Apr 25, 2016, 17:37 PM IST
