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Mallya loan default case News

13 Dec 2017

Vijay Mallya assets freeze order in UK courts until April 2018

According to court documents submitted at the UK High Court, the claim brought by 13 Indian banks against the 61- year-old businessman will come up for a hearing in April next year.

05 Dec 2017

Vijay Mallya extradition hearing continues for second day

The case against him centres on a series of loans Kingfisher obtained from Indian banks, especially state-owned lender IDBI.

Mallya extradition case

05 Dec 2017

Vijay Mallya has case of fraud to answer, UK court told

Vijay Mallya is wanted in India on charges of Rs 9,000 crores fraud. Mallya watched the proceedings from behind a glass-windowed dock. He has been out on bail since Scotland Yard executed an extradition warrant in April this year.

Mallya extradition case

04 Dec 2017

Mallya arrives at UK court for extradition trial, says charges against him false, baseless

The 61-year-old businessman, who has been in self-imposed exile in the UK since March 2016 when he left India, is wanted in India on charges relating to his defunct Kingfisher Airlines defaulting on loans from various Indian banks amounting to Rs 9,000 crore.

27 Nov 2017

Vijay Mallya's extradition: Arthur road jail to be liquor baron's home, India to tell UK court

The Westminster Magistrates' Court in London will be told that it is the duty of the state to ensure security of prisoners and Mallya's apprehension about threat to his life is "misleading".

14 Nov 2017

Vijay Mallya's extradition: No threat to liquor baron's life in jail, India to tell UK court

With a detailed assessment of security cover given to prisoners in Mumbai's Arthur Road jail and Delhi's Tihar jail, the Indian government will tell the UK court that when extradited, Mallya may be lodged in Arthur Road jail where he will get full security cover as an undertrial prisoner, the official said.

01 May 2017

Bringing back Vijay Mallya is a long shot- Here's why

While 62 fugitives have been extradited to India from a foreign country between 2002 and 2016, 110 fugitives are yet to be extradited though a formal request has been made by India, according to an answer to the Lok Sabha on December 6, 2016, Factly reported.

20 Apr 2017

Vijay Mallya extradition case: Internal legal process on in the UK, says govt

Ahead of the next hearing in the fugitive liquor baron Vijay Mallya extradition case on May 17, India said on Thursday that it was in touch with the government in the UK, where an internal legal process is on in the matter.

27 Feb 2017

Mallya loan default case: SC adjourns matter to March 3

The Supreme Court today adjourned liquor baron Vijay Mallya`s loan default case to March 3.

12 May 2016

Diageo submits Vijay Mallya's settlement deal to debt recovery tribunal

In what could further tighten Vijay Mallya's position, Diageo has submitted the settlement agreement to debt recovery tribunal (DRT).

17 Mar 2016

No takers for Vijay Mallya's Kingfisher House

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17 Mar 2016

Kingfisher House auction proves to be a flop show; gets no bidders

Auction of the KFA headquarters - Kingfisher House -got over on Thursday without getting any bidders at a base price of Rs 150 crore.

17 Mar 2016

Loan default: SBI starts auction of Vijay Mallya's Kingfisher House, base price set at Rs 150 cr

The property, with a built-up area of over 17,000 sq ft in Vile Parle area, is being auctioned by SBICAPS Trustee, a subsidiary of SBI Caps through an e-auction.

Kingfisher House

17 Mar 2016

Vijay Mallya's Kingfisher House up for auction, bidding starts

The house, which served as Kingfisher headquarters, would be sold through e-auction.

12 Mar 2016

Vijay Mallya row: Ex-Kingfisher employees to move Supreme Court seeking their 'dues'

After writing to Prime Minister Narendra Modi seeking his intervention in safeguarding their interest, employees of Vijay Mallya`s now defunct Kingfisher Airlines are set to file a case in the Supreme Court in order to get their dues from the company.

07 Mar 2016

Big blow to Vijay Mallya: Diageo can't disburse $75 million payout, rules DRT

The Debt Recovery Tribunal (DRT) on Monday ruled that Vijay Mallya cannot withdraw from USD 75 million severance package that he will be getting for quitting Diageo-owned United Spirits (USL) as its chairman.

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