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KFA News

26 Oct 2020

Around Rs 3,600 crore recovered from Vijay Mallya: SC told

Consortium of banks led by the SBI told SC. Total dues of UBHL are around Rs 7,000 crore. UBHL had told SC that it offered Rs 14,000 crore to various banks.

04 Jun 2020

Vijay Mallya may soon be extradited to India from UK

It may be noted that May 14, the High Court of Justice, London, UK rejected the application of Indian fugitive and former liquor baron Vijay Mallya against his extradition to face trial in India.

14 May 2020

Mallya asks govt to accept loan repayment offer unconditionally, close case

Mallya, congratulating the government for announcing over the Rs 20 lakh crore Atmanirbhar Bharat package, said that his repeated offers to repay his dues have been ignored.

26 Jun 2018

Vijay Mallya's letter to PM Narendra Modi: Read full text

Mallya, in his letter said that he has become the "Poster Boy" of bank default and a lightning rod of public anger.

26 Jun 2018

I've become poster boy of bank default: Vijay Mallya

Mallya is currently fighting against extradition to India from the UK.

21 Mar 2017

Less than 2% loan outstanding against Vijay Mallya recovered so far

Public sector banks have been able to recover only a fraction of the more than Rs 8,000 crore loan outstanding against embattled businessman Vijay Mallya, Parliament was informed on Tuesday.

17 Mar 2017

Loans to Vijay Mallya given by UPA: Govt

Loans to the tune of Rs 8,040 crore was given to liquor baron Vijay Mallya when the previous UPA government was in power, but action against him for defaults is being taken by the Modi government Santosh Gangwar said.

Kingfisher Airlines

17 Feb 2017

Lenders cut reserve prices of KFA properties for March 6 auction

The 17-lender consortium to the defunct Kingfisher Airlines (KFA) has once again put on block Kingfisher House in the city and Kingfisher Villa in Goa, with a 10 percent reduction in the reserve prices.

18 Nov 2016

Karnataka HC orders winding up of Vijay Mallya's Kingfisher Airlines Ltd

In yet another jolt to beleaguered liquor baron Vijay Mallya, the Karnataka High Court on Friday ordered winding up of his now-defunct Kingfisher Airlines Limited for non-payment of dues to a UK-based firm.

Kingfisher Airlines

25 Aug 2016

Bad time continues for banks; Kingfisher Airlines brands auction fails again

In a big disappointment for the lenders for the second time, auction of the long-grounded Kingfisher Airlines' (KFA) trademarks and logo turned out to be damp squib once again despite having a lower reserve price.

Kingfisher Airlines

25 Jul 2016

Not liable to repay Rs 6,000 crore debt due to breach of terms: Kingfisher Airlines

The Kingfisher Airlines Limited, a holding company of Vijay Mallya, Monday said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restructuring Agreement between both parties, which caused needless damages to the firm's business.

20 Jul 2016

Why the witch hunt, come to London to interview me: Vijay Mallya to Indian authorities

The UB Group chairman, who is being chased in connection with an alleged debt of around USD 1.4-billion linked to the collapsed Kingfisher Airlines, has been based in the UK since March this year.

16 Jul 2016

Court to hear chaque bounce case against Vijay Mallya on August 6

A Delhi court Sunday fixed August 6 for hearing a cheque bounce case against liquor baron Vijay Mallya by Delhi International Airport Ltd (DIAL).

08 Jul 2016

Vijay Mallya to make rare public appearance today–Know where

Troubled Indian businessman Vijay Mallya is set to make a rare public appearance in the United Kingdom.

12 May 2016

Enforcement Directorate requests Interpol to issue red corner notice against Vijay Mallya

The ED is also mulling attaching domestic assets and shares worth about Rs 9,000 crore owned by Mallya in connection with its money laundering probe against him

06 May 2016

Will recover complete due fro Mallya, Say's IDBI bank's MD

18 Apr 2016

IDBI loan case: KFA counters ED's charges against Vijay Mallya in court

Kingfisher Airlines on Monday moved an application in the special PMLA court here terming as "false and incorrect" Enforcement Directorate's charges against its owner Vijay Mallya that he had siphoned off Rs 430 crore of the IDBI loan and used this money to acquire property abroad.

15 Apr 2016

Big blow to Vijay Mallya; government suspends his passport on ED's request

In what could give a big blow to liquor baron Vijay Mallya, his passport was on Friday suspended on the request of Enforcement Directorate (ED).

Kingfisher Airlines

12 Apr 2016

Kingfisher Airlines loan case: CBI to send Letters Rogatory to the US, UK, France

The CBI will soon be sending judicial requests to at least five countries, including the US and the UK, to seek information about alleged diversion of loans received by now defunct Kingfisher Airlines from IDBI Bank.

07 Apr 2016

SC orders Mallya to notify detail of full property up to 21 April

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