BUSINESS

Vijay Mallya Saga

Fri, Jul 26, 2024
Vijay Mallya banned from securities market for 3 years

Sebi on Friday barred fugitive businessman Vijay Mallya from the securities...

Thu, Mar 23, 2023
New twist to Kingfisher saga

A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya...

Fri, Mar 3, 2023
Mallya's plea not to declare him fugitive dismissed

The Supreme Court on Friday dismissed a plea by beleaguered businessman Vijay...

Sun, Sep 4, 2022
Mallya contempt case: SC verdict on Monday

The Supreme Court is likely to pronounce on Monday the quantum of sentence...

Tue, Jul 12, 2022
Mallya gave $40-mn to family and needs to pay $25 fine

The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a...

Mon, Jul 11, 2022
Mallya sentenced to 4-month jail in contempt case

The Supreme Court on Monday awarded a four-month sentence to fugitive...

Thu, Mar 10, 2022
Mallya contempt case: SC reserves order on punishment

The Supreme Court Thursday reserved verdict on quantum of sentence against...

Thu, Feb 10, 2022
SC grants Mallya one final chance in contempt case

The Supreme Court on Thursday gave a final opportunity to fugitive...

Tue, Jan 18, 2022
Mallya may now be evicted from his London house

Embattled businessman Vijay Mallya on Tuesday lost a legal battle to hold on...

Tue, Nov 30, 2021
Mallya contempt case to be dealt with on Jan 18: SC

The Supreme Court Tuesday said the contempt matter involving fugitive...

Thu, Jul 29, 2021
What Mallya's bankruptcy means for the bizman, lenders

The Insolvencies and Companies Court of London high court on Monday declared...

Mon, Jul 26, 2021
Vijay Mallya declared bankrupt by UK court

A British court on Monday granted a bankruptcy order against Vijay Mallya,...

Fri, Jun 25, 2021
Mallya loan default: Banks gets over Rs 5,800-cr

A State Bank of India (SBI)-led consortium that gave loans to fugitive...

Wed, Jun 23, 2021
40% of loss in Mallya, PNB scams recovered

About 40 per cent of the money lost by banks in the PNB scam and the fraud...

Thu, Jun 3, 2021
Banks can sell Mallya's properties, shares

Armed with court order, a consortium of lenders led by SBI can now sell...

Wed, Jun 2, 2021
Mallya case: Banks' claim of loss not imaginary

A special court in Mumbai has said the banks that had granted loans to...

Wed, May 26, 2021
Vijay Mallya denied access to court-held funds

Vijay Mallya on Wednesday lost an appeal to gain further access to court-held...

Tue, May 18, 2021
Vijay Mallya loses bankruptcy case in UK high court

A consortium of Indian banks led by the State Bank of India (SBI) on Tuesday...

Wed, May 5, 2021
Mallya, Nirav Modi figure in India-UK summit

The issue of extradition of Vijay Mallya and Nirav Modi figured in a virtual...

Fri, Mar 19, 2021
When Mallya bought Lewis Hamilton's dad's home

This property has all the hallmarks of being owned and occupied by Vijay...

Thu, Mar 18, 2021
Mallya, Nirav Modi, Choksi coming back to face law: FM

Finance Minister Nirmala Sitharaman on Thursday said that fugitive...

Fri, Mar 5, 2021
Mallya extradition: 'Legal process has to be followed'

Noting the urgency and desire on the part of India to extradite people...

Fri, Jan 22, 2021
Has Mallya sought asylum in UK?

Vijay Mallya has applied to Home Secretary Priti Patel for "another route" to...

Mon, Jan 18, 2021
Making all efforts to extradite Mallya: Centre to SC

The Centre on Monday told the Supreme Court that it is taking all measures to...

Mon, Jan 11, 2021
Mallya plea for release of funds fails to move court

A UK court hearing an urgent application on Monday refused to sanction the...

Sat, Dec 19, 2020
Indian banks pursue UK bankruptcy order against Mallya

A consortium of Indian banks led by the State Bank of India (SBI) returned to...

Fri, Dec 11, 2020
Mallya applies for funds held by UK court

Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK...

Fri, Dec 4, 2020
ED seizes Vijay Mallya's French asset worth Rs 14-cr

Businessman Vijay Mallya's property worth Rs 14 crore located in France has...

Mon, Nov 2, 2020
Govt told to file status report on Mallya extradition

The Centre had on October 5 told the apex court that Mallya cannot be...

Mon, Oct 26, 2020
Aditya Puri refused to lend to Mallya and Nirav Modi

Leaving behind the luxe life and dapper suits of foreign banks, Puri and his...

Mon, Oct 5, 2020
'Secret' process on to extradite Mallya: Govt to SC

The Centre on Monday told the Supreme Court that "secret" extradition process...

Tue, Sep 22, 2020
Court seeks US help in probe against Mallya

The CBI recently approached the special court in Mumbai for issuance of LoR...

Mon, Aug 31, 2020
SC asks Mallya to appear before it on Oct 5

The Supreme Court on Monday dismissed a plea of fugitive businessman Vijay...

Thu, Aug 6, 2020
SC to hear Mallya's plea on transfer of $40 mn to kids

A consortium of banks led by SBI had alleged that Mallya concealed the facts...

Thu, Jul 23, 2020
Cannot set timeline for Mallya's extradition: UK envoy

The high court verdict in April upheld the 2018 ruling by Chief Magistrate...

Fri, Jun 19, 2020
$40 mn transfer: What is the status of Mallya's plea?

The apex court's 2017 order had come on a plea by consortium of banks led by...

Thu, Jun 4, 2020
Confidential 'legal issue' delays Mallya's extradition

A spokesperson in the UK high commission said the issue is "confidential" and...

Thu, May 14, 2020
Mallya's extradition expected within 28 days

The UK Crown Prosecution Service said Mallya's appeal to certify a point of...

Mon, May 4, 2020
Mallya files appeal against extradition in UK court

The leave to appeal to the Supreme Court is on a point of law of general...

Wed, Apr 29, 2020
Mehul Choksi, Mallya in Rs 68,607cr loan writeoff list

According to the RTI reply, absconding diamantaire Choksi's company Gitanjali...

Tue, Apr 21, 2020
Will continue to pursue legal remedies: Mallya

Embattled liquor baron Vijay Mallya, who lost his UK high court appeal...

Mon, Apr 20, 2020
COVID-19 may impact timescale for Mallya's extradition

An extradition expert in the UK said the strict social distancing norms in...

Mallya loses extradition plea, has 14 days to appeal

Embattled liquor tycoon Vijay Mallya on Monday lost his high court appeal...

Wed, Apr 15, 2020
Mallya: Take my money, use it to fight coronavirus

A debt recovery tribunal in India ruled that Rs 6,200 crore of Vijay Mallya's...

Fri, Apr 10, 2020
UK court defers banks' plea to declare Mallya bankrupt

In a relief to liquor baron Vijay Mallya, the high court in London has...

Tue, Mar 31, 2020
Mallya asks FM to consider his offer to repay KFA dues

Mallya, who is wanted in India on alleged fraud and money laundering charges...

Thu, Feb 13, 2020
Please banks, take your money, says Vijay Mallya

Mallya said, the ED on the one side and the banks on the other are fighting...

Mallya's appeal against extradition enters final day

A key defence to disprove a prima facie case of fraud and misrepresentation...

Wed, Feb 12, 2020
Mallya back in UK court to fight his extradition

Mallya's barrister, Clare Montgomery, reiterated the central defence that...

Mon, Jan 27, 2020
Will SC order help Vijay Mallya in extradition case?

A direction by Chief Justice of India S A Bobde, Justice B R Gavai, and...

Mon, Jan 20, 2020
SC judge opts out of hearing Mallya's plea

Supreme Court judge Justice Rohinton Fali Nariman on Monday recused himself...

Wed, Dec 11, 2019
Indian banks urge UK court to declare Mallya bankrupt

A consortium of Indian public sector banks led by SBI sought a bankruptcy...

Wed, Aug 7, 2019
Mallya makes another offer of 100% loan payback

Mallya remains on bail pending his UK High Court appeal, now scheduled for...

Wed, Jul 31, 2019
Siddhartha's death prompts Mallya to let fly at govt

'I am indirectly related to VG Siddhartha. Excellent human and brilliant...

Mon, Jul 29, 2019
ED unearths new shell firms linked to Mallya

The raids resulted in recovery of documents of some dummy firms linked to...

Mon, Jul 22, 2019
Indian banks pursue Mallya in UK for assets disclosure

Among the assets in question include the Force India and Indian Empress...

Thu, Jul 18, 2019
Why Mallya sold Berger Paints to a 'shopkeeper'

Mallya understood, astutely, that the Dhingras were very keen to acquire...

Tue, Jul 2, 2019
UK court allows Mallya to appeal against extradition

The high court permitted Mallya to appeal on only one limited ground to be...

Fri, May 24, 2019
Diageo wins $ 135mn claim against Mallya in UK court

At the heart of Friday's case lay an ICICI Bank loan owed by Mallya's Watson...

Mon, Apr 29, 2019
Mallya repeats offer of 100% payback for Indian banks

He claims that his offer to pay back the debt owed by his now-defunct airline...

Fri, Apr 26, 2019
UK court to hear Mallya's extradition plea on July 2

On July 2, Mallya's legal team and the Crown Prosecution Service - arguing on...

Fri, Apr 19, 2019
Mallya accuses SBI of wasting Indian taxpayers' money

Why doesn't anybody ask the PSU State Bank of India under RTI on how much...

Wed, Apr 17, 2019
UK high court deals another blow to Mallya

The court ruled that an interim debt order in favour of SBI and other banks...

Mallya slams govt for the fate of private airlines

Mallya claims private airlines were discriminated against by the Indian...

Fri, Apr 12, 2019
'Mallya is the author of his own misfortune'

Diageo, which had acquired Mallya's United Spirits nearly six years ago, is...

Mallya once again appeals against extradition

The case will now be listed in the coming weeks for a hearing before a judge,...

Mon, Apr 8, 2019
UK court denies Mallya nod to appeal extradition

'The appellant (Mallya) has five business days to apply for oral...

Thu, Apr 4, 2019
Mallya fights banks' attempt to recover dues in UK

At a hearing before Master David Cook at the Queen's Bench Division of the...

Mon, Apr 1, 2019
Confiscating assets will not help creditors: Mallya

The next hearing on ED's application before the special court, seeking...

Wed, Mar 27, 2019
Sale of Mallya's UBHL shares has fetched Rs 1,008 cr

Mallya is at present based in London and extradition proceedings are on to...

Tue, Mar 26, 2019
Mallya flays banks for saving Jet, sinking Kingfisher

In a series of tweets reacting to banks led by State Bank of India taking...

Wed, Mar 20, 2019
Banks allowed to liquidate Mallya's equity holdings

SBI-led consortium expects to make over Rs 13,000 crore from sale of assets

Wed, Mar 13, 2019
Liquidator opposes banks plea to sell Mallya properties

The official liquidator said it would be in public interest that these...

Mon, Mar 4, 2019
Mallya's defiance prompts Sebi to seek changes to Companies Act

Sebi has now proposed that the Companies Act should also clearly mention that...

Fri, Mar 1, 2019
When will you return and face the law? HC asks Mallya

Mallya's lawyer said he wants to return, but a British court has prohibited...

Fri, Feb 15, 2019
Mallya files for permission to appeal against extradition order

The process, to be heard in the Royal Courts of Justice in London, could take...

Thu, Feb 7, 2019
Corporate lobbyist Deepak Talwar has links with Mallya: ED

ED has submitted a chart of total $60.54 million received by the firms...

Tue, Feb 5, 2019
ED has no objection to restoration of Mallya's properties to banks

The agency said that since all the applicants, except one, were public banks,...

Mon, Feb 4, 2019
Victory for India: UK approves extradition of Vijay Mallya

Mallya now has 14 days from February 4 to apply for leave to appeal to the UK...

Tracing the rise and fall of the King of Good Times

Vijay Mallya is accused of money laundering and violating the FEMA.

Sat, Jan 5, 2019
Mallya becomes first tycoon to be declared Fugitive Economic Offender

Confiscation of the tycoon's properties will start from February 5.

Tue, Dec 18, 2018
Mallya faces bankruptcy proceedings in UK high court

In a ruling in May, a UK high court judge had refused to overturn a worldwide...

Mon, Dec 10, 2018
'Mallya's extradition to India will take months'

Mallya has an automatic right to appeal in the UK High Court against the...

Mallya saga: How it all began, and 'ended'

The UK Home Secretary will have to sign Mallya's extradition order within two...

Huge victory for India! Vijay Mallya to be extradited from UK

Delivering the verdict, Westminster Magistrates' Court Chief Magistrate Judge...

Why Mallya's payback offer should be welcomed

'Mallya has offered to pay the original amount.''Let us say he means the...

Wed, Dec 5, 2018
Mallya tweets: Offered to pay back loan in full, take it!

In a thread of tweets, Mallya claimed, "The airlines struggled financially...

Thu, Nov 22, 2018
HC rejects Mallya's plea for stay on ED's request

The ED had filed an application before a special PMLA court seeking the...

Tue, Nov 6, 2018
Mallya's luxury jet sale gets caught in red tape

Five years on, US company that won the auction for the aircraft is running...

Thu, Oct 11, 2018
FERA violation: Mallya's properties in Bengaluru to be attached

According to the ED, Mallya was summoned on four occasions for questioning in...

Wed, Sep 12, 2018
Mallya's fate will be decided on December 10

The 62-year-old former Kingfisher Airline boss' defence team, led by Clare...

Jaitley denies meeting Mallya, says his claims are 'factually false'

"Since 2014, I have never given him any appointment to meet me and the...

Mon, Aug 27, 2018
'Mallya is a phenomenal character'

'The three tycoons I deal with in the first chapter -- Ambani, Mallya and...

Wed, Aug 1, 2018
Mallya will get western loo in jail, India tells UK court

Five photos of western style toilets were presented to convince the court...

Tue, Jul 31, 2018
Mallya extradition: UK court asks India to submit Mumbai jail video

Mallya said the allegations of money laundering and stealing money against...

Fri, Jul 6, 2018
How Indian banks plan to recover Mallya dues

State Bank of India has appointed valuer to assess the value of assets of...

Thu, Jul 5, 2018
Police could not attach any of Mallya's 159 properties

It had declared Mallya a proclaimed offender for evading summons in a FERA...

UK court orders seizure of Mallya's UK assets

The order grants permission to the UK High Court Enforcement Officer to enter...

Wed, Jul 4, 2018
Mallya slams CBI, ED, says their actions have no legal basis

The final hearing in the case at the London magistrate's court to extradite...

Sat, Jun 30, 2018
Special court summons Mallya on Aug 27 under fugitive offenders ordinance

If Mallya does not appear before the court, he risks being declared a...

Tue, Jun 26, 2018
Does govt want me to repay banks or not, asks Mallya

Breaking his silence after a long time, to state the "factual position in...

Fri, Jun 22, 2018
Mallya: ED moves court to confiscate Rs 12,500-cr assets

As per the existing process of law under the PMLA, the ED could confiscate...

Mon, Jun 18, 2018
Mallya diverted Rs 3,700 cr bank loan to F1, IPL: ED

The ED's fresh chargesheet against Mallya and his firms is likely to pave the...

Fri, Jun 15, 2018
Mallya ordered to pay 200,000 pounds to Indian banks

Mallya is separately fighting extradition to India on fraud and money...

Fri, Jun 1, 2018
Mallya barred from securities market for 3 years

Sebi also imposed a one-year ban on two former company officials -- Ashok...

Thu, May 10, 2018
Mallya can be regarded as a 'fugitive from justice': UK court

The high court remained unconvinced by Mallya's claim that he has been a...

Tue, May 8, 2018
Mallya loses $1.55 billion assets case in UK court

Judge Andrew Henshaw refused to overturn a worldwide order freezing Mallya's...

'Bankruptcy Code killing banks, helping Mallya'

'The Insolvency and Bankruptcy Code is neither beneficial to banks nor...

Fri, Apr 27, 2018
Mallya extradition case: Boost for CBI; next hearing on July 11

The judge confirmed that the bulk of the evidence submitted by the Indian...

Tue, Mar 27, 2018
Delhi court orders attachment of Mallya's properties

The court had on January 4 declared Mallya a proclaimed offender for evading...

Sun, Mar 18, 2018
Glimmer of hope for India, as Mallya's fate hangs in balance in UK court

The judge, during arguments, said it was "blindingly obvious" that "rules...

Wed, Mar 7, 2018
Neglect of 1992 scam led to Mallya, Modi frauds

'The Modi government has been taking credit for improvement in respect of the...

Wed, Feb 7, 2018
No info on Mallya's loan, finmin tells CIC

The finance ministry official may have claimed that the ministry does not...

Tue, Dec 12, 2017
Mallya trial to hear evidence from political expert

The trial, which opened at the London court on December 4, is aimed at laying...

Tue, Dec 5, 2017
Day 2: Mallya's team gets ready for counter-arguments

The next phase is when factors such as prison conditions in India are likely...

Mon, Dec 4, 2017
Mallya's extradition trial begins in UK court

Mallya, who has been out on bail since Scotland Yard executed an extradition...

Wed, Nov 29, 2017
Sebi's plan to sell select assets of Mallya falls flat

The assets mentioned in the Sebi order are already in possession of the ED...

Mon, Nov 20, 2017
Vijay Mallya's extradition hearing will begin from December 4

Speaking to reporters Mallya said, "It will all become clear in court".

Wed, Oct 18, 2017
CBI, ED will respond to Mallya's allegations by Nov 3

In the 25-page defence evidence affidavit, which was served to the UK Crown...

Tue, Oct 3, 2017
Mallya arrested in UK in money laundering case, gets bail

The 61-year-old flamboyant businessman, already out on bail on an extradition...

Mallya arrested in money laundering case

UK's Crown Prosecution Service will be arguing the case against Mallya on...

Fri, Sep 15, 2017
India's appalling prison conditions to the 'rescue' of Mallya

British magistrate presiding over Mallya extradition case says India's prison...

Fri, Aug 11, 2017
Setback for Mallya, his plea against Sebi order dismissed

In January, Sebi had barred Mallya and six former officials of USL from...

Tue, Aug 1, 2017
India submits Mallya's extradition paper to his legal team

The next hearing to assess the progress in the case will be held at...

Fri, Jul 14, 2017
SC demands Mallya's presence to proceed in contempt case

A bench comprising Justices A K Goel and U U Lalit took note of the fresh...

Sat, Jul 8, 2017
PM seeks UK's help in return of Vijay Mallya, Lalit Modi

Mallya has been in the UK for months, escaping arrest warrants against him.

Thu, Jul 6, 2017
'Do as my lawyers advise:' Mallya appears before court in London

The liquor baron showed up despite being exempt from appearing by the judge...

Wed, Jun 14, 2017
KFA-IDBI case: ED files charge sheet against Mallya, others

The agency has stated in detail in the charge sheet how funds of about Rs 400...

Now Mallya takes on the media for 'hate campaign'

Chief Magistrate Emma Louise Arbuthnot granted him bail till December 4.

Tue, Jun 13, 2017
'Keep dreaming about a billion pounds': Mallya taunts

Mallya's defence team is being led by the firm Joseph Hague Aaronson LLP....

Oh, to be in Mallya's shoes!

'Somehow, I don't see the Modi government shutting down Air India.''So,...

Wed, May 31, 2017
United Spirits to sell 13 properties once owned by Vijay Mallya

The company secured independent valuation for these properties and had shared...

Mon, May 22, 2017
Champions Trophy says cheers to Mallya's Kingfisher beer

Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.

Thu, May 18, 2017
ED confiscates Vijay Mallya's Alibaug farmhouse worth Rs 100 cr

Occupants were served eviction orders in April this year

Mon, May 15, 2017
Mallya consults 'formidable' lawyer to defend him

Award-winning lawyer, Claire Montgomery, the Queen's Counsel, is likely to...

Tue, May 9, 2017
SC finds Mallya guilty of contempt, summons him on July 10

The apex court directed Mallya, who is currently in the United Kingdom, to...

Thu, May 4, 2017
India seeks one-on-one contact with Mallya's prosecutors

Union Home Secretary Rajiv Mehrishi raised the issue of early completion of...

Tue, May 2, 2017
CBI, ED team in London to push for Mallya's extradition

A four-member team led by CBI additional director Rakesh Asthana will apprise...

Thu, Apr 20, 2017
How India plans to bring back Vijay Mallya

Government's move to hire UK arbitrator follows poor track record of India in...

Tue, Apr 18, 2017
Vijay Mallya arrested in London, gets bail

India had given a formal extradition request for Mallya as per the...

Parties squabble over Mallya's arrest, KFA employees wait for their dues

A beleaguered Vijay Mallya may have walked free on bail within hours of his...

Centre assessing all options to bring Mallya back

The government, he said, will leave no stone unturned to bring to justice...

Wed, Apr 12, 2017
Open-ended warrant issued against Mallya

An 'open-ended NBW' does not carry a time limit for execution, unlike an 'NBW'.

Sat, Apr 8, 2017
Vijay Mallya's Kingfisher Villa in Goa finally sold for Rs 73.01 crore

Buyer actor-producer Sachiin Joshi, who owns Viiking Media, has reportedly...

Fri, Mar 10, 2017
Ready to talk to banks for one-time settlement: Mallya

Supreme Court has posed a question to Mallya about the truthfulness of his...

Tue, Feb 7, 2017
HC orders winding up of Mallya's United Breweries

The judge said the assets of the respondent company cannot be left under the...

Wed, Jan 25, 2017
Sebi bars Vijay Mallya, six others from securities market

Sebi's order comes close on the heels of Central Bureau of Investigation...

Tue, Jan 24, 2017
Kingfisher diverted Rs 263 crore of IDBI loan for personal use

The charge sheet has now paved way for the CBI to approach authorities in the...

Thu, Jan 19, 2017
Banks told to recover Rs 6,203 crore from Mallya

The order brings an end to the nearly three-year legal battle in the Tribunal...

Mallya group company files for insolvency

First case filed after new norms come into force, NCLT admits plea.

Mon, Dec 19, 2016
Third attempt to sell Kingfisher House fails

The 17-lender consortium, led by State Bank of India had put on auction the...

Fri, Dec 9, 2016
Mallya says Twitter account hacked

The hacker, called 'Legion', has threatened to expose more financial details...

Mon, Nov 21, 2016
CBI moves extradition request for Vijay Mallya

The former liquor baron owes several banks a total of as much as Rs 9,000 crore

Tue, Nov 15, 2016
'Mallya a patriot, people standing in queues are thieves'

'Those who looted the nation have fled the country.''Those with rooms full of...

Fri, Nov 11, 2016
ED to seize fresh Rs 17,00 crore assets of Mallya

The court had, however, rejected ED's request for attachment of the liquor...

Fri, Nov 4, 2016
2 warrants out for Mallya, courts call for 'coercive action'

While one NBW was issued in a 2012 cheque bounce case following Mallya's...

Tue, Oct 25, 2016
SC seeks Mallya's overseas asset details in four weeks

The details Mallya filed earlier in his disclosure statement about his...

Tue, Oct 18, 2016
Lenders to auction Kingfisher Villa on Wednesday

Price has been fixed at Rs 85.3cr

Tue, Oct 4, 2016
Mallya has no intention to return: ED tells court

The ED counsel also opposed Mallya's plea seeking exemption from personal...

Fri, Sep 23, 2016
In a new twist, Indigo, GoAir made parties in Mallya case

The objections were filed after Airbus failed to repay Rs 196 crore, availed...

Thu, Sep 22, 2016
Ex-Kingfisher CFO sent to prison for 18 months

A total of 17 cases have been filed against Kingfisher Airlines in different...

Tue, Sep 20, 2016
Court to hear Mallya's cheque bounce cases on Sep 22

The matter relates to cheques issued by Kingfisher Airlines to GMR Hyderabad...

Fri, Sep 16, 2016
Mallya can seek Emergency Certificate to return to India: MEA

Emergency Certificate is specifically meant to provide a travel document to...

Wed, Sep 14, 2016
Mallya jet's new 'owner' told to pay dues worth Rs 3.95 crore

SGI Commex contended that though it had won the bid, it is yet to receive a...

Tue, Sep 13, 2016
Mallya's Kingfisher Villa to go under the hammer for Rs 85 crore

The Villa, owned by United Breweries Holding, was mortgaged by KFA to SBI-led...

Sun, Sep 11, 2016
Mallya case: ED to attach fresh assets

The next edition of attachments will be carried out under sections of the...

Fri, Sep 9, 2016
Want to come to India but govt's got my passport: Mallya

The court has now put up the matter for further hearing on October 4

Fri, Aug 26, 2016
Bad times continue for banks; KFA brands fail to find buyers

Banks put the airline's trademarks including Kingfisher logo and the...

Wed, Aug 24, 2016
Finally, a 'successful bidder' for Mallya's luxury jet

SGI Commex chairman G S Srivastava, an art connoisseur, said the aircraft, an...

Tue, Aug 23, 2016
Mallya bank loan fraud: ED registers fresh case

By registering the fresh case, ED wants to strengthen its probe against the...

Thu, Aug 18, 2016
Sebi seeks UK's help to nail 'fund diversion' at United Spirits

Wants details of Vijay Mallya transactions over 4 years

Wed, Aug 17, 2016
Now a 21-year-old treaty to be used to get Mallya back to India

Besides Mallya, his companies Kingfisher Airlines and United Breweries...

Thu, Aug 4, 2016
Mallya cheque-bounce case posted to September 2

The court had earlier issued non-bailable warrants against Kingfisher...

Kingfisher House auction fails again; no bidder turns up

Prospective bidders had earlier termed the reserve price as too high, while...

ED plans to attach Mallya assets, shares

The assets are estimated to be worth over Rs 6,000 crore.

Mon, Aug 1, 2016
From couches, jet to bathrobe, Mallya's assets up for grabs!

For almost all the properties owned by Vijay Mallya, the reserve price has...

Sun, Jul 31, 2016
Vijay Mallya deals bring Diageo under Sebi lens

It sent a notice to Diageo last month regarding the open offer it made as...

Sat, Jul 30, 2016
Which way out for Vijay Mallya?

RPG Enterprises Chairman Harsh Goenka thinks aloud about what Vijay Mallya...

Fri, Jul 29, 2016
Mallya fails to appear before court; ED to initiate action

The Enforcement Directorate (ED) had also published in leading dailies the...

Legal panel allows Vijay Mallya to head United Breweries

The board of directors will review the position of Vijay Mallya, under...

Thu, Jul 28, 2016
Service tax dept to re-auction Mallya jet on August 18

The earlier attempt at its auction had received a bid of Rs 1.09 crore as...

Mon, Jul 25, 2016
SC notice to Mallya on plea of consortium of banks

The Attorney General said that Mallya has not disclosed full details of his...

Wed, Jul 20, 2016
Mallya asks Indian authorities to interview him in London

"I just have to ride out the storm," Vijay Mallya said.

Sat, Jul 16, 2016
'Mallya was not involved in daily affairs of Kingfisher Airlines'

DIAL has filed four cases in June 2012 against Mallya over KFA's cheques...

Fri, Jul 15, 2016
United Spirits shows proof of Mallya's fund diversion

USL claims it has given a report on how the liquor baron channelled money...

Tue, Jul 12, 2016
Tough legal battle lies ahead for USL, Mallya

USL board said its second forensic audit by EY has revealed fund diversion...

Mon, Jul 11, 2016
SBI declines info on Mallya's loan, says matter is sub-judice

RTI activist Anil Galgali had asked SBI about the total amount of loans given...

Mallya denies Diageo's fund diversion charges

'It is surprising and unfortunate that unfounded allegations are now being...

Sun, Jul 10, 2016
United Spirits says it has found fund diversions by Mallya entities

Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with...

Sebi steps up l'affaire Mallya probe; to seek overseas help

Mallya and his group firms are already facing a probe by Enforcement...

Wed, Jul 6, 2016
Mallya's jet to be auctioned at low reserve price

On June 30, the department had rejected the sole bid of Rs 1.09 crore offered...

Tue, Jul 5, 2016
Mallya cheque bounce cases: Court adjourns order till Aug 4

The order on the quantum of punishment was adjourned for the fourth time.

Fri, Jul 1, 2016
Mallya's plane auction proves damp squib, gets Rs 1.09 cr bid

UAE-based aviation support company Alna Aero Distributional Finance Holdings...

Thu, Jun 30, 2016
Service tax dept begins e-auction for Mallya's luxury jet

The final list of bidders would be finalised only after the interested firms...

Wed, Jun 29, 2016
Mallya asked to appear before a Mumbai court on July 29

Under Section 83 of the CrPC, ED may seek attachment of more of his property.

Tue, Jun 28, 2016
Post July 27, 'proclaimed offender' tag awaits Vijay Mallya

The proclamation was issued by a special anti-money laundering court on June...

Sun, Jun 26, 2016
Vijay Mallya saga: SFIO seeks loan details from banks

As a multi-disciplinary organisation, SFIO probes cases of financial frauds...

Tue, Jun 21, 2016
Mallya resigns as Chairman of Bayer CropScience

The company said it will appoint a new Chairman at the next Board meeting.

Sun, Jun 19, 2016
Vijay Mallya as RBI Governor? Congress mocks govt

Vijay Mallya owes several banks thousands of crores of rupees which he had...

If Vijay Mallya was Thomas Flohr...

...He'd be running a successful aviation business, says Anjuli Bhargava.

Sat, Jun 18, 2016
Mallya seen at book launch event attended by India's UK envoy

The High Commissioner upon seeing Mallya walk in actually at the mid of the...

Tue, Jun 14, 2016
Vijay Mallya declared proclaimed offender by Mumbai court

Enforcement Directorate is seeking to invoke the India-United Kingdom Mutual...

Mon, Jun 13, 2016
Mallya accuses CBI, ED of holding him guilty without trial

'Civil matters like loan recovery are being connected with criminal...

Sun, Jun 12, 2016
ED attaches UB Holdings, Mallya assets worth Rs 1,411 cr

Enforcement Directorate to approach court to attach industrialist's...

Mon, Jun 6, 2016
Cheque bounce case against Mallya adjourned to July 5

On April 20, the court had convicted Mallya and others in connection with...

Interpol questions Red-Corner Notice against Mallya

The enforcement agency had received queries from the Interpol to this effect...

Fri, Jun 3, 2016
Lenders start valuation of Mallya's Kingfisher Villa

In March this year, the banks tried to sell the Kingfisher House in Mumbai to...

Wed, May 25, 2016
Cheque bounce case against Mallya adjourned to June 6

It had issued warrants directing the police to produce Mallya before it.

Mon, May 23, 2016
ED to invoke India-UK treaty for Mallya's extradition

The treaty can be invoked in a criminal probe case seeking the transfer of...

Fri, May 20, 2016
Court asks Mallya to file proper reply on ED's plea

ED's application, filed through prosecutor N K Matta, had requested the court...

ED to do forensic audit of Mallya's accounts

Probe agency to set up special software to probe money trail in the case.

Wed, May 18, 2016
Mallya case: Bank consortium, ED meet

ED is probing Mallya and KFA under anti-money laundering laws in connection...

Mallya must pay the full amount: PNB chief

Kingfisher Airlines has defaulted on loans of over Rs 9,400 crore obtained...

Tue, May 17, 2016
DRT directs J P Morgan Bank not to disburse $40 mn to Mallya

The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to...

UB board to keep faith in Mallya, for now

Mallya left the country on March 2 and has had his passport revoked.

Mon, May 16, 2016
Agencies will make every endeavour to bring back Mallya: FM

The ED has registered a money laundering case against Mallya and others based...

Will return to India if safety is assured: Mallya

Submits new settlement offer to SBI

Sun, May 15, 2016
In tough times, Vijay Mallya's luxury jet awaits a buyer

The 25-seater aircraft is interspersed with plush sofas, a cushioned bed,...

L'affaire Mallya: More banks get ED call for financial details

The Enforcement Directorate had asked for financial details from both public...

Thu, May 12, 2016
ED seeks red corner notice against Mallya

Mallya remains elusive to India as the United Kingdom informed the government...

Mallya case: Foreign ministry awaits ED's advice on next step

India on April 28 asked the UK authorities to deport Mallya.

Mallya deportation plea refusal may hit dues

Mallya offered to pay Rs 4,000 crore (Rs 40 billion) as settlement.

Has Mallya slipped the net of ED and CBI?

Mallya might continue to elude ED, CBI interrogation in the short term but...

Wed, May 11, 2016
Auction of Mallya's private jet deferred to June

The 225-seater plane was later converted to 25-seater plane by Vijay Mallya...

ED to ask depositories to freeze shares owned by Vijay Mallya

The enforcement agency is looking to ensure that no big deals or...

Breather for Mallya: UK refuses his deportation

Mallya's Kingfisher Airlines has been accused of defaulting bank loans of...

Tue, May 10, 2016
Court notice to Mallya on ED's plea to withdraw his exemption

A Delhi court has issued notice to liquor baron Vijay Mallya on ED's plea...

Mon, May 9, 2016
Cheque bounce case against Mallya: Court order likely on May 25

On April 20, the Special Magistrate Court had convicted Mallya and others, in...

ED seeks Interpol red-corner notice against Mallya

An official request has been made to the CBI to get a notice issued through...

Fri, May 6, 2016
AAI seeks arrest warrant against Mallya

AAI has filed two cheque bouncing cases against Mallya's Kingfisher Airlines...

Thu, May 5, 2016
Cheque bounce case: Court to pass order against Mallya on May 9

The matter relates to cheques issued by Kingfisher to GMR Hyderabad...

ICAI reviews financial statements of Mallya's firms

The move also comes against the backdrop of the embattled Mallya facing a...

Fri, Apr 29, 2016
Mallya says in forced exile, no plans to return to India

"By taking my passport or arresting me, they are not getting any money,"...

Thu, Apr 28, 2016
India seeks Mallya's deportation from UK

ED has approached the MEA seeking initiation of deportation.

Wed, Apr 27, 2016
ED to recall exemption given to Vijay Mallya on personal appearance

ED had claimed that Mallya was summoned on four occasions for questioning in...

Tue, Apr 26, 2016
SC directs Mallya to furnish details of all assets

Mallya is a fugitive from justice in India, Attorney General Mukul Rohatgi...

Sun, Apr 24, 2016
India revokes Mallya's passport

ED has approached the MEA seeking initiation of deportation proceedings...

Fri, Apr 22, 2016
Forcing Mallya to come back is bad strategy: Mohandas Pai

Pai said he was also against 'naming and shaming' willful defaulters of bank...

Thu, Apr 21, 2016
Banks have no right over info on overseas assets: Mallya

Beleaguered businessman Vijay Mallya on Thursday told the Supreme Court that...

Mallya case: Diageo questions DRT's power to attach money

The company contented before the tribunal that the amount was paid outside...

ED seeks Mallya's deportation; writes to foreign ministry

Mallya is understood to be in the UK after he left India on March 2.

Wed, Apr 20, 2016
'The approach towards Mallya is not right'

'The approach towards Mallya is not right because his unit could have been...

Mallya group's Rs 350-cr UB shares sold in 4th quarter

In all, 4.2 million shares were sold during the quarter.

Mon, Apr 18, 2016
ED to seek Interpol arrest warrant against Mallya

The Enforcement Directorate (ED) ED will soon seek an Interpol arrest warrant...

Non-bailable warrant against Mallya in IDBI fraud case

The special court on Monday rejected Kingfisher's plea challenging ED's claim...

Sun, Apr 17, 2016
Vijay Mallya takes Rs 1.7 cr pay package from US brewery firm

More than half of Mallya's total package for 2015 has been paid by Mendocino...

Sat, Apr 16, 2016
Vijay Mallya's business model could be at fault: Arun Jaitley

Said the airline sector is doing well in India, with many carriers making...

Fri, Apr 15, 2016
Mallya's passport suspended, court moved for non-bailable warrant

Liquor baron Vijay Mallya's passport has been suspended.

Wed, Apr 13, 2016
SBI-led consortium files counter to Mallya's claim of Rs 594 crore

The bankers also alleged that the Rs 594-crore claim at this point of time is...

ED seeks revocation of Mallya's passport

It is understood that Vijay Mallya left the country for UK on March 2 using a...

Mon, Apr 11, 2016
ED mulling options against Mallya

ED's zonal office in Mumbai, they said, is preparing legal papers to take the...

Sat, Apr 9, 2016
Mallya skips ED again; seeks time till May

However, it is understood that the liquor baron has suggested his legal team...

Thu, Apr 7, 2016
SC directs Mallya to disclose assets by April 21

The banks also wanted disclosure of assets of Mallya's other close relatives...

Banks reject Mallya's proposal to pay back Rs 4,000 crore

Indian banks on Thursday rejected the loan repayment offer made by Vijay Mallya.

Wed, Apr 6, 2016
Banks set to reject Mallya's loan repayment offer

The lenders, led by State Bank of India (SBI), are due to inform the Supreme...

Sun, Apr 3, 2016
Mallya's US beer firm is in the news for all the wrong reasons

California-based Mendocino Brewing Company, which sells a number of beer...

Service tax dept to auction Vijay Mallya's planes

Total disputed liability of Mallya with respect to service tax to the tune of...

ED issues final summons to Mallya

Mallya, who was scheduled to appear on April 2, had asked for a month's time;...

Thu, Mar 31, 2016
Why banks may not buy Mallya's settlement offer

Mallya has denied that he had fled India and said he would comply with laws.

Should banks accept Mallya's Rs 4,000-cr offer?

If the offer is accepted, banks will have to take a haircut of about 30 per...

Wed, Mar 30, 2016
Mallya offers to repay Rs 4,000 cr to banks by Sep

Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay...

Mon, Mar 28, 2016
Pay dues honourably or face coercive action: Jaitley to Mallya

Vijay Mallya left India on March 2, presumably for London.

Fri, Mar 25, 2016
Taxing times for Kingfisher Airlines staff continue

I-T department raises tax demand on them for unpaid tax deducted at source

Wed, Mar 23, 2016
Will retire from the chairmanship of Sanofi India: Mallya

Beleaguered liquor baron Vijay Mallya on Wednesday announced he will retire...

Tue, Mar 22, 2016
Mallya has brought a bad name to India's private sector: FM

'How long can you lead a life like this?'

Mon, Mar 21, 2016
Mallya default singes top auditing companies

PwC, Deloitte, Grant Thornton, Walker Chandiok caught in the muddle over...

Who is the key man of Mallya empire abroad?

In an SEC filing dating back to 1997, he figures as "J Vallabh".

Fri, Mar 18, 2016
Mallya probe: ED to seek help of RBI, SEBI

The Enforcement Directorate on Friday said it will seek the help of RBI and...

Sell assets of guarantors if firms don't repay: Govt to banks

The ministry further told banks that "it would be prudent to take steps...

Catching thieves won't harm the country: Rahul Bajaj on Mallya

Bajaj also said that bank officials, who give loan on the basis of the just...

5,275 wilful defaulters (+ Mallya) owe banks Rs 56,621 crore

India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd...

Mr Mallya's case is only the tip of the iceberg

The clean-up process begun by the Reserve Bank of India runs the risk of...

ED issues fresh summons to Vijay Mallya

ED had earlier issued summons to Mallya for "personal appearance" on March 18...

Wilful defaulters must pay, says CEA on Mallya fiasco

The ED has received documents from almost all banks that lent money to KFA.

Thu, Mar 17, 2016
Mallya's loan default case: CBI seeks help of four nations

Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are...

Heineken eyes control of Mallya's United Breweries

Heineken could call a shareholder meeting to vote on his ouster from a...

Mallya seeks more time to appear before ED

The summons was issued to Mallya under provisions of the Prevention of Money...

No takers for Mallya's Kingfisher House

The base price for the property was set at Rs 150 crore (Rs 1.5 billion).

ED to probe Mallya-Diageo deal for South African Breweries

The money was paid to Mallya in two tranches in his offshore accounts.

Mallya interview: Why complaint to cyber police may go in vain

Even if the Mumbai police gets to seek the e-mails, it might not bring...

Banks, taxman eye Kingfisher House

According to sources, both the departments have already laid their claim on...

Wed, Mar 16, 2016
Kingfisher Airlines' brand valuation under SFIO scanner

SFIO is looking into the role of Grant Thornton LLP which had valued the brand.

Tue, Mar 15, 2016
'Vijay Mallya has completely ruined our lives'

'I used to tell my wife to pack extra food in my tiffin so that I could at...

4 non-bailable warrants issued against Mallya in GMR cheque case

A local court in Hyderabad has issued four more non-bailable warrants (NBWs)...

Vijay Mallya says 'shocked' to see statements without verification

Mallya in a tweet distanced himself from an interview that quoted him saying...

Rs 4,000-crore USL funds transfer under scanner

RBI, Enforcement Directorate to see if money was sent to tax haven

Mon, Mar 14, 2016
Ethics Committee takes up Mallya issue

The Ethics Committee of Rajya Sabha headed by Congress veteran Karan Singh on...

'Will the Mallya issue be put in cold storage?'

'We urge the Modi government to rise above rhetoric and face the truth.'

As FinMin stepped back, loans to Mallya surged ahead

In 2010, ministry told its officers nominated on PSB boards to stay away from...

A look at some of Mallya's little-known firms

Mallya's Rajya Sabha declaration lists investments in racing, finance and...

Why SBI has, so far, failed to recover money from Vijay Mallya

We tried our best to recover money from Vijay Mallya: Arundhati Bhattacharya

Nothing can kill Mallya's appetite for fun

For his 60th birthday in December, which he called his third 20th birthday,...

Kingfisher vs Jet: A grim story about Vijay Mallya's loans

Bankers gave money to Mallya's airline though it was not enough to even...

Sun, Mar 13, 2016
Vijay Mallya: The time has come to clarify my position

Here's the full text of the statement

Warrant against Mallya in cheque bounce case

The 14th Additional Chief Metropolitan Magistrate court issued the NBWs on...

I am being hunted, will not speak to the media, says Vijay Mallya

Liquor baron takes on to Twitter again to lash out at the media for trying to...

Sat, Mar 12, 2016
Modi answerable for Mallya's departure, says Kejriwal

'Since CBI directly reports to PM CBI couldn't have allowed without approval...

Vijay Mallya row: Ex-Kingfisher staff to move SC over their dues

Senior lawyer M V Kini agrees to fight their case for free, given their...

Mallya became the banker's most valued trophy

'Lending to Mr Mallya was the bankers' season ticket to corridors of power...

Fri, Mar 11, 2016
'Mallya is a gentleman, will return to India'

'I don't think government needs to arrest him'.

Diageo to 'review' Tribunal order, says $40mn paid to Mallya

As part of their deal Diageo agreed to pay Mallya, $75 million for stepping...

Banks were made to bail out Mallya under UPA rule: BJP

BJP alleged that banks were 'pushed' into giving Rs 3,100 crore loan to him...

Court defers service tax dept plea against Mallya to March 28

No one appeared for Mallya and Kingfisher Airlines on Friday.

Now, ED summons Mallya in IDBI fraud case

Sources said Mallya has also been asked to furnish documents related to his...

Mallya showed zero debt in Rajya Sabha

Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.

Mallya's flashy lifestyle makes him an easy target for politicians

India's tough stance is better late than never.

I did not flee from India: Mallya

"I am an international businessman. I travel to and from India frequently.

How Mallya squandered money on yachts, jets and islands

As his personal wealth started booming, Mallya went on a buying spree.

Thu, Mar 10, 2016
Why swift action in the Vijay Mallya case is important

Several of his lenders have a lot to answer for.

Mallya went abroad 4 times after 'Look Out' Circular

Beleaguered businessman Vijay Mallya had made at least four trips abroad...

Bank union seeks Parliamentary probe into Mallya loans

The association also wondered how the brand value of Kingfisher was...

Pressure on liquor baron Mallya dials up, trademarks seized

The banks have asked the court to demand his return and to impound his passport.

Vijay Mallya is at his country home near London

Vijay Mallya had indicated last month that he wanted to move to the UK to be...

Banks should have acted earlier to stop Mallya: Jaitley

'Let the bankers take all steps to recover their money.'

Mallya received part of Diageo funds in offshore accounts

In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake...

Mallya aide Nedungadi steps down from UB Group

He was also the chief financial officer of Kingfisher Airlines.

Mallya attended Parliament on March 1, left India a day later

Vijay Mallya has not informed Rajya Sabha secretariat about his whereabouts...

Return with passport: Supreme Court tells Vijay Mallya

Banks are seeking an order that Mallya should appear in person before the court.

Wed, Mar 9, 2016
Mallya left India despite look-out notice by CBI?

Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank,...

Ex-employees of Kingfisher protest against Mallya, seek dues

The employees have alleged that Mallya, who has been giving them false...

'Vijay Mallya has left the country'

The apex court also put forth questions why loans were given to Mallya when...

Woodpecker Air that brew intoxicants: CEA takes dig at Mallya

Kingfisher Airlines, promoted by Vijay Mallya whose other group entities...

Tue, Mar 8, 2016
Where are our salaries? Kingfisher's women staffers ask Mallya

Nearly 700 of the 1,500 employees, who still claim to be on the payroll of...

More trouble for Mallya as SFIO probes Kingfisher Airlines

The agency is looking at alleged "diversion of funds and financial reporting...

Mallya should be barred from leaving India: Banks to SC

A tribunal on Monday halted a $75-million settlement due to be paid by Diageo...

Vijay Mallya: The reluctant poster boy of bad debt

Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not...

Mon, Mar 7, 2016
We are not going to spare Mallya, we are after him: PNB chief

Usha Ananthasubramanian said the bank will leave no stone unturned to recover...

Ex-Kingfisher staff bay for Mallya's blood

'Everyone knows that you including your son won't be able to spend all the...

$75 mn from Diageo may remain a pipe dream for Mallya

SBI had moved the Debt Recovery Tribunal because Mallya owes over Rs 7,200...

Mallya sinks deeper, as ED registers case against him

The ED has pressed charges under various sections of the Prevention of Money...

I am not an absconder, says Mallya

'I have been most pained at being painted as an absconder'.

Sat, Mar 5, 2016
SBI seeks Mallya family's full asset disclosure

SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full...

Thu, Mar 3, 2016
Mallya's sole regret: Kingfisher is not flying when oil is cheap!

Vijay Mallya who inherited the UB Group from his father as a young...

Sat, Feb 27, 2016
Shareholders stand to lose in Diageo, Mallya deal

The deal comes at a huge cost to minority shareholders who have till date...

Fri, Feb 26, 2016
Mallya's 'sweetheart deal' faces Sebi scrutiny

Such an exit arrangement is commonly known in the business parlance as...

Thu, Feb 25, 2016
Mallya resigns as USL chief; to be paid Rs 515 crore

Mallya will now be the Founder Emeritus of USL

Fri, Dec 11, 2015
Mallya@60: Once the king of good times, now a defaulter

Vijay Mallya has lost control of his companies.

Thu, Dec 10, 2015
CBI questions Vijay Mallya in alleged loan default case

The debt-laden Kingfisher Airlines stopped operations in October 2012.

Sun, Nov 29, 2015
Yes Bank invokes Mallya's pledged shares in UB

Banks tighten hold on Mallya for defaults on KFA loans

Wed, Nov 25, 2015
How Mallya plans to settle Kingfisher dues

In 2012, Diageo signed a deal to buy stake in USL.

Mon, Nov 23, 2015
Mallya ready to smoke the peace pipe with banks

Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.

Sun, Nov 22, 2015
SBI tags Mallya, his 2 firms as wilful defaulters

Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher...

Sun, Sep 6, 2015
Diageo may not be able to recover $135 mn loan from Mallya firm

Diageo may not be able to recover $135 mn loan from Mallya firm