Indian Airlines. Kingfisher

A British court has granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the SBI to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines.

Liquor tycoon Vijay Mallya was on Wednesday denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India (SBI), in their pursuit of debt related to his now-defunct Kingfisher Airlines.

A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines.

The Indian government on Wednesday reiterated its accusation in a UK court that Vijay Mallya willfully misrepresented the financial health of the now-defunct Kingfisher Airlines. Vijay Mallya, India, Extradition

The British judge hearing the extradition case of liquor baron Vijay Mallya today said that it was blindingly obvious that rules were being broken by Indian banks which sanctioned some of the loans to the erstwhile Kingfisher Airlines.

Sahara Force India co-owner Vijay Mallya made his highly anticipated appearance at the Buddh International Circuit (BIC) here Saturday and ruled out any possibility of a protest by employees of Kingfisher Airlines.

Air India, confronting the 10th day of a strike by 300 pilots, has another bitter pill to swallow: its share in the domestic market has slid to fourth position, even below the troubled Kingfisher Airlines.

In an attempt to bail out bleeding airlines, the government is considering whether to allow foreign airlines to own up to 49 per cent of Indian carriers. Right now, foreign investors can own up to 49 per cent stake in Indian airlines, but only if they are not in the airline business abroad. We present a list of answers to most commonly asked questi...

A British court has granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the SBI to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines.

Liquor tycoon Vijay Mallya was on Wednesday denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India (SBI), in their pursuit of debt related to his now-defunct Kingfisher Airlines.

A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines.

The Indian government on Wednesday reiterated its accusation in a UK court that Vijay Mallya willfully misrepresented the financial health of the now-defunct Kingfisher Airlines. Vijay Mallya, India, Extradition

The British judge hearing the extradition case of liquor baron Vijay Mallya today said that it was blindingly obvious that rules were being broken by Indian banks which sanctioned some of the loans to the erstwhile Kingfisher Airlines.

Sahara Force India co-owner Vijay Mallya made his highly anticipated appearance at the Buddh International Circuit (BIC) here Saturday and ruled out any possibility of a protest by employees of Kingfisher Airlines.

Air India, confronting the 10th day of a strike by 300 pilots, has another bitter pill to swallow: its share in the domestic market has slid to fourth position, even below the troubled Kingfisher Airlines.

In an attempt to bail out bleeding airlines, the government is considering whether to allow foreign airlines to own up to 49 per cent of Indian carriers. Right now, foreign investors can own up to 49 per cent stake in Indian airlines, but only if they are not in the airline business abroad. We present a list of answers to most commonly asked questi...