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News
United Breweries
United Breweries News
Vijay Mallya
20 Aug 2023
'King of Good Times', Who Owned A Boeing 727, Ended Up Being A Fugitive
In 1983, at the age of 28, Mallya succeeded his father as chairman of United Breweries Holdings. He possessed almost 250 classic cars, a private plane, a customized Boeing 727, yachts, and stud farms with about 200 horses. At a London auction, Mallya made a 1.7-crore offer for the sword of Tipu Sultan and other artifacts, which he then brought back to India.
NCLAT
25 Dec 2021
NCLAT stays CCI order imposing Rs 873 crore penalty on beer makers
Kingfisher maker United Breweries is faced with a fine of Rs 751.8 crore. NCLAT bench has directed United Breweries to deposit 10 per cent of the penalty amount withing three weeks. The NCLAT has also directed the CCI and the All India Brewers Association to file replies over the notices issued by it.
Supreme Court
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.
Vijay Mallya
24 Jul 2018
Vijay Mallya may be in talks to return to India: Reports
Vijay Mallya may have indicated to Indian authorities that he is willing to return and join the legal process here.
Vijay Mallya
18 Jun 2018
Mallya diverted Rs 3,700 cr bank loan funds to F1, IPL: ED chargesheet
The ED in 2017 filed its first chargesheet against embattled liquor baron Vijay Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case.
SEBI
16 Nov 2017
Sebi attaches bank, demat, MF accounts of Mallya's UBHL
The decision has been taken after UBHL failed to pay the fine imposed on it.
United Breweries
18 May 2017
United Breweries shares drop 3% on poor Q4 show
Shares of United Breweries on Thursday ended nearly 3 percent down after the company reported a significant fall in standalone net profit at Rs 6.73 crore for the fourth quarter of 2016-17 fiscal.
Vijay Mallya
31 Jan 2017
Reviewing Sebi ban order against Mallya, 6 USL officials: UBHL
Vijay Mallya-led United Breweries Holding Ltd (UBHL) today said it is reviewing SEBI's order barring the beleaguered businessman and six former officials of United Spirits (USL) from securities markets in a case related to alleged fund diversions and will take "appropriate action".
Vijay Mallya
27 Jan 2017
United Breweries to seek legal advice on Sebi order
United Breweries Ltd on Friday said that it is seeking legal advice for its next course of action following SEBI restraining its Chairman Vijay mallya from holding position as director or key managerial position in any listed company.
Vijay Mallya
25 Nov 2016
Vijay Mallya files plea for recalling contempt order
Beleaguered liquor baron Vijay Mallya has filed an application in the Karnataka High Court for recalling its order summoning him for allegedly violating an undertaking given by him and his companies not to transfer their equity shares in United Breweries to Diageo Plc.
Vijay Mallya
20 Oct 2016
Vijay Mallya case: Karnataka HC summons beleaguered liquor baron to appear on November 24
In a case involved with alleged violation of an undertaking given by beleaguered liquor baron Vijay Mallya, Karnataka High Court summoned him on Thursday. Mallya and his companies had earlier provided an undertaking to not transfer their equity shares in United Breweries to Diageo Plc.
Vijay Mallya
29 Sep 2016
Vijay Mallya bets on judiciary for relief from criminal cases
A defiant liquor baron Vijaya Mallya on Thursday asserted that he would get judicial relief soon from criminal charges filed against him by a consortium of banks for defaulting on loans his defunct airline raised.
United Breweries
29 Sep 2016
United Breweries Holdings Q1 net rises 13-fold to 29.47 cr
Net profit of United Breweries (Holdings) Ltd rose over 13-fold to Rs 29.47 crore for the first quarter ended June 30, 2016.
Vijay Mallya
18 Jun 2016
Vijay Mallya case: HC stays for 3 months DRT order issuing demand notice to UBHL
The Karnataka High Court has stayed for three months the Debt Recovery Tribunal's order issuing a demand notice to Vijay Mallya-owned United Breweries Holdings Limited (UBHL) and Kingfisher Airlines to pay Rs 192 crore on an application by three banks.
Vijay Mallya
18 May 2016
Vijay Mallya hurt the system, his own class of businesses: Arun Jaitley
Finance Minister Arun Jaitley has said that absconding liqour baron Vijay Mallya has hurt the system as well as his own class of businesses.
Vijay Mallya ED
18 Mar 2016
ED issues fresh summons to Vijay Mallya in loan default case, asks him to appear on April 2
The Enforcement Directorate (ED) on Friday issued fresh summons to liquor baron Vijay Mallya to appear on April 2 in a money laundering probe related to IDBI loan fraud case.
Vijay Mallya ED
18 Mar 2016
Loan default case: Vijay Mallya not to appear before ED today, seeks time till April
ED had earlier issued summons to Mallya for "personal appearance" before it in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
IDBI loan default case
17 Mar 2016
Loan default case: Vijay Mallya not to appear before ED on Friday, seeks more time
ED had earlier issued summons to Vijay Mallya for "personal appearance" before it in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
Vijay Mallya
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.
UBL
27 Feb 2016
UBL starts beer supply from acquired Rajasthan brewery
Liquor baron Vijay Mallya-led United Breweries (UBL) has commenced supply of beer from a brewery in Rajasthan it acquired in 2014.
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