Indian Banks Vijay Mallya Case

A consortium of Indian banks led by the State Bank of India (SBI) was back for a High Court hearing in London on Friday in pursuit of a bankruptcy order against embattled liquor tycoon Vijay Mallya, as they attempt recovery of debt from loans paid ou

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.

A consortium of Indian banks led by the State Bank of India (SBI) are pursuing their bankruptcy order against liquor tycoon Vijay Mallya in the High Court in England, as they seek to establish that any settlement offer made by him is now "dead in the water".

In a relief to liquor baron Vijay Mallya, the High Court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon be declared bankrupt to enable them to recover a loan of around GBP 1.145 billion from him.

A court in UK is expected to decide today whether fugitive tycoon Vijay Mallya will be extradited to face trial in India. The 62-year-old chief of the defunct Kingfisher Airlines is wanted for alleged fraud and money laundering amounting to Rs 9,000 crore. Vijay Mallya has argued that the case is politically motivated and appealed against extraditi...

Five days before a UK court's verdict on whether Vijay Mallya can be extradited, the fugitive businessman, who is being investigated for fraud and money-laundering, appealed to various Indian banks to accept his offer to pay back 100 per cent of the principal loan amount he owes them.

Vijay Mallya arrived at a London court this afternoon for a hearing in his extradition case, during which the judge is expected to review a video of the Mumbai jail cell prepared by the Indian authorities for the embattled liquor tycoon.

Embattled liquor baron Vijay Mallya, the main accused in a Rs 9,000 crore alleged bank fraud case, is understood to have sounded out to Indian authorities that he was willing to come back home to face the law, official sources said today.

A UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by beleaguered liquor baron Vijay Mallya who is fighting extradition to India on fraud and money laundering charges worth nearly Rs 9,000 crore.

Vijay Mallya, the tycoon wanted in India on loan default and money-laundering charges, has lost a major lawsuit filed by Indian banks in the UK High Court seeking to collect more than USD 1.55 billion or from him.

The claim brought by 13 Indian banks against Vijay Mallya was heard in the High Court.

Tycoon Vijay Mallya lost a U.K. lawsuit filed by Indian banks seeking to collect more than 1.15 billion pounds ($1.5 billion) amid allegations that he committed massive fraud.

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.

Congress members in Rajya Sabha today again raised the issue of Vijay Mallya, who has allegedly defaulted on over Rs 9,000 crore bank loans, and demanded that the industrialist be brought back to India, along with former Indian Premier League (IPL) chief Lalit Modi.

A consortium of Indian banks led by the State Bank of India (SBI) was back for a High Court hearing in London on Friday in pursuit of a bankruptcy order against embattled liquor tycoon Vijay Mallya, as they attempt recovery of debt from loans paid ou

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.

A consortium of Indian banks led by the State Bank of India (SBI) are pursuing their bankruptcy order against liquor tycoon Vijay Mallya in the High Court in England, as they seek to establish that any settlement offer made by him is now "dead in the water".

In a relief to liquor baron Vijay Mallya, the High Court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon be declared bankrupt to enable them to recover a loan of around GBP 1.145 billion from him.

A court in UK is expected to decide today whether fugitive tycoon Vijay Mallya will be extradited to face trial in India. The 62-year-old chief of the defunct Kingfisher Airlines is wanted for alleged fraud and money laundering amounting to Rs 9,000 crore. Vijay Mallya has argued that the case is politically motivated and appealed against extraditi...

Five days before a UK court's verdict on whether Vijay Mallya can be extradited, the fugitive businessman, who is being investigated for fraud and money-laundering, appealed to various Indian banks to accept his offer to pay back 100 per cent of the principal loan amount he owes them.

Vijay Mallya arrived at a London court this afternoon for a hearing in his extradition case, during which the judge is expected to review a video of the Mumbai jail cell prepared by the Indian authorities for the embattled liquor tycoon.

Embattled liquor baron Vijay Mallya, the main accused in a Rs 9,000 crore alleged bank fraud case, is understood to have sounded out to Indian authorities that he was willing to come back home to face the law, official sources said today.

A UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by beleaguered liquor baron Vijay Mallya who is fighting extradition to India on fraud and money laundering charges worth nearly Rs 9,000 crore.

Vijay Mallya, the tycoon wanted in India on loan default and money-laundering charges, has lost a major lawsuit filed by Indian banks in the UK High Court seeking to collect more than USD 1.55 billion or from him.

The claim brought by 13 Indian banks against Vijay Mallya was heard in the High Court.

Tycoon Vijay Mallya lost a U.K. lawsuit filed by Indian banks seeking to collect more than 1.15 billion pounds ($1.5 billion) amid allegations that he committed massive fraud.

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.

Congress members in Rajya Sabha today again raised the issue of Vijay Mallya, who has allegedly defaulted on over Rs 9,000 crore bank loans, and demanded that the industrialist be brought back to India, along with former Indian Premier League (IPL) chief Lalit Modi.