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Mallya default case News

25 Oct 2016

Supreme Court asks Vijay Mallya to give complete details of his foreign assets in 4 weeks

The court also told Mallya to disclose what he did with USD 40 million he had received from Diageo.

07 Mar 2016

Fresh trouble for Vijay Mallya as ED cracks whip in loan default case

The Enforcement Directorate (ED) has registered a case against Vijay Mallya under Prevention of Money Laundering Act (PMLA) in connection with the alleged default of over Rs 900 crore loan from IDBI bank.

07 Mar 2016

Vijay Mallya in talks to settle debt with lenders

Indian liquor baron Vijay Mallya said he has been in talks to enter into a one-time settlement with state-run banks, to which his now-defunct carrier Kingfisher Airlines owes more than USD 1 billion.

07 Mar 2016

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.

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