Kingfisher Airlines

Vijay Mallya Probe: Kingfisher Executives Come Under Government Scanner

Press Trust of India | Sunday October 8, 2017

Indian authorities have been working on ways to bring back Mallya, wanted for Kingfisher Airlines' default on loans worth nearly Rs 9,000 crore

Draft Bill On Fugitive Economic Offenders Okayed; Here's What It Means

Business | Press Trust of India | Monday September 18, 2017

The proposed law will be applicable in cases where the value of offences is over Rs 100 crore.

India Gives Vijay Mallya's Extradition Case Papers To His Legal Team

India News | Press Trust of India | Monday July 31, 2017

India has met the July 31 deadline set by a British court to give documents to liquor baron Vijay Mallya's legal team in his extradition case

Vijay Mallya Fails To Appear Before Supreme Court In Contempt Case

India News | Press Trust of India | Monday July 10, 2017

UB Group chairman Vijay Mallya, who two month ago was held guilty of contempt of court and was told to appear before the Supreme Court, did not turn up today

Additional Set Of Papers On Vijay Mallya Case Given To UK: Government

India News | Press Trust of India | Friday June 16, 2017

India has given an additional set of papers to the UK in the extradition case of businessman Vijay Mallya even as the British court hearing the case observed slow pace of submission of the documents by Indian authorities.

Vijay Mallya Created 20 Shell Companies, Says Enforcement Directorate In Chargesheet

India News | Press Trust of India | Thursday June 15, 2017

The Enforcement Directorate, in its latest chargesheet filed against Vijay Mallya, has alleged that the businessman floated 20 shell companies, directors of which were either his personal staff or retired employees. The ED made these claims in its recent chargesheet filed regarding the default of a IDBI Bank's loan worth 900 crores by Mr Mallya's K...

Vijay Mallya Used IDBI Loan For Kingfisher Airlines To Fund Formula 1 Race Team Too', Alleges Enforcement Directorate

India News | Written by Tanima Biswas | Wednesday June 14, 2017

Business tycoon Vijay Mallya was "the prime mover in the plot" to launder a big chunk of the 900 crore-bank loan taken to keep Kingfisher Airlines flying in 2009 and had used part of the IDBI bank loan to even fund the Force India Formula 1 Team, the Enforcement Directorate has alleged in charges filed in a Mumbai court on Wednesday.

Vijay Mallya Takes On Media For 'Hate Campaign'

India News | Edited by Indroneil B Biswas | Wednesday June 14, 2017

After mocking India with the words "keep dreaming about billions of pounds", businessman Vijay Mallya today targeted the media again in a tweet. "Intense hate campaign by Indian media against me knows no bounds. The GOI (Government of India) has filed a case which is before a UK court. Wait for verdict," he posted.

Vijay Mallya Could Face Further Charges, UK Court Told

Thomson Reuters | Wednesday June 14, 2017

Government is seeking Mr Mallya's extradition over unpaid loans tied to his defunct Kingfisher Airlines after the businessman fled to Britain in March last year.

Auction Of Vijay Mallya's Kingfisher House Fails For Fifth Time

Press Trust of India | Wednesday May 31, 2017

Lenders had tried to auction the property for the first time in March last year with a reserve price of Rs 150 crore and for the second time in August at Rs 135 crore.

CBI Officials Arrive In London To Push Businessman Vijay Mallya's Extradition

India News | Press Trust of India | Tuesday May 2, 2017

A team of officials from the CBI and the Enforcement Directorate (ED) have reached London for discussions on the extradition of liquor baron Vijay Mallya.

Vijay Mallya Could Fight Extradition On Political Grounds, Says Experts

India News | Press Trust of India | Wednesday April 19, 2017

Indian tycoon Vijay Mallya, who has been declared a proclaimed offender, is likely to challenge his extradition to India from the UK on the grounds that the charges against him are politically motivated, a legal expert said today.

After Being Arrested, Vijay Mallya Tweets 'Usual Indian Media Hype'

India News | Edited by Nonika Marwaha | Tuesday April 18, 2017

Within minutes of the media reporting his arrest today, Vijay Mallya, former billionaire, said on Twitter that the news is distorted.

What Next For Vijay Mallya? Extradition Likely To Be Lengthy Process

India News | Edited by Nonika Marwaha | Tuesday April 18, 2017

Ensuring the arrest of Vijay Mallya in London required careful coordination with the Foreign Ministry, and today's developments reflect the "government's determination," said sources in the CBI, which has been investigating the liquor tycoon's unpaid loans, worth 9,000 crores and owed to an assortment banks, many of them state-run.

With Vijay Mallya Arrest, Done What Our Predecessors Couldn't, Says Government

India News | Edited by Nonika Marwaha | Tuesday April 18, 2017

After Vijay Mallya, the one-time billionaire, was arrested in London today, the government said it had managed a remarkable feat. "Modi government has done what other government couldn't manage do to," said Jitendra Singh, union minister. Scotland Yard said it had arrested the 61-year-old on the basis of an extradition request from India.

Vijay Mallya Gets Bail 3 Hours After Arrest: 10 Things To Know

India News | Edited by Raija Susan Panicker | Tuesday April 18, 2017

Tycoon Vijay Mallya, has been granted bail three hours after he was arrested in Britain today following India's extradition request. Mr Mallya was produced at the Westminster Magistrates' Court in London, which granted him bail after a 10-minute hearing. The businessman had slipped out of India a year ago and has been in Britain since. The Indian g...

Rs 8,040 Crore Loan Given To Vijay Mallya In 2004, Declared NPA In 2009

Indo-Asian News Service | Friday March 17, 2017

Minister of State for Finance Santosh Gangwar told Lok Sabha that the loan of Rs 8,040 crore to the industrialist was declared a non-performing asset (NPA) in 2009.

Businessman Vijay Mallya Offers One-Time Settlement To Banks

India News | Edited by Indroneil B Biswas | Friday March 10, 2017

Business tycoon Vijay Mallya, whose defunct-Kingfisher Airlines owes over Rs 9,000 crore to various banks, has once again offered to settle with the lenders.

Vijay Mallya Says Ready To Talk To Banks For One-Time Settlement

Press Trust of India | Friday March 10, 2017

On Thursday, the Supreme Court posed a question to Mr Mallya about the "truthfulness" of his disclosure of assets and transfer of $40 million to his children.

Supreme Court Questions Vijay Mallya On Transfer Of $40 Million To Children

Press Trust of India | Friday March 10, 2017

Supreme Court also posed several queries to the consortium of lending banks led by State Bank of India and asked it whether any criminal proceedings have been initiated against Mallya.

Auction Fails Again For Vijay Mallya's Kingfisher House, Goa Villa

Press Trust of India | Monday March 6, 2017

Kingfisher House, the erstwhile headquarters of the airline, was put under the hammer at a reserve price of Rs 103.5 crore while the same for Villa in Goa was Rs 73 crore.

Lenders To Auction Two Kingfisher Airlines Properties On Monday

Press Trust of India | Sunday March 5, 2017

While Kingfisher House will be put under the hammer for the fourth time after three failed attempts, Kingfisher Villa is being put on sale for the third time.

Vijay Mallya Blames Faulty Engines For Kingfisher Airlines Collapse

Press Trust of India | Friday March 3, 2017

A group firm of Pratt & Whitney has been sued for supplying defective engines to Kingfisher Airlines, Vijay Mallya said amid aviation regulator DGCA ordering detailed inspection of P&W engines powering some Airbus 320 neo planes being operated in India.

India Takes Issue Of Defaulters Very Seriously: Arun Jaitley

India News | Press Trust of India | Tuesday February 28, 2017

India takes the issue of defaulters very seriously, Finance Minister Arun Jaitley has said, indicating that he may raise the matter of liquor baron Vijay Mallya with his British counterpart.

Democracy Liberal Enough In UK For Defaulters To Stay: Arun Jaitley

Press Trust of India | Sunday February 26, 2017

Mr Mallya, the chief of the now defunct Kingfisher Airlines, had moved to Britain in March last year after banks sued him to recover around $1.4 billion owed by the airline.

We Have Not Given Vijay Mallya Benefit Of A Single Rupee: Arun Jaitley

India News | Edited By Aloke Tikku | Friday February 10, 2017

Liquor baron Vijay Mallya was not given "a rupee benefit" by the Narendra Modi government but had received loans - that he later defaulted to repay - at the intervention of the previous Manmohan Singh government, Finance Minister Arun Jaitley asserted in the Lok Sabha today, laying the blame for the rising bank loan defaults at the doors of the Con...

India Asks UK To Extradite Vijay Mallya, Says Case Against Him Is 'Legitimate'

India News | Edited By Aloke Tikku | Thursday February 9, 2017

India today handed over its request to extradite business tycoon Vijay Mallya from the UK where he had flown last year after defaulting on bank loans worth 900 crore and facing charges of money laundering.

I'm Like Football Being Kicked By 2 Teams, NDA And UPA: Vijay Mallya

India News | Edited by Indroneil B Biswas | Friday February 3, 2017

Liquor baron Vijay Mallya has compared himself to a 'football' being kicked around by "two fiercely competitive teams", in reference to the Congress-led UPA and the BJP-led NDA, following the Centre's intention to frame a legislation to prevent loan defaulters from fleeing the country.

Ex-PM Manmohan Singh Helped Vijay Mallya, Alleges BJP, Citing Letters Between 2011-2013

India News | Reported by Sunetra Choudhury, Edited by Deepshikha Ghosh | Monday January 30, 2017

Letters written by liquor tycoon Vijay Mallya to the Congress-led UPA government between 2011 and 2013 have set off a new political fight ahead of the Budget. The letters were held up by the BJP today as proof that former Prime Minister Manmohan Singh and his Finance Minister P Chidambaram helped Mr Mallya get loans even with his poor credit record...

Vijay Mallya-Bank CMD Holiday Meeting Led To Hasty Sanction Of Rs 350 Crore Loan: Enforcement Directorate

Press Trust of India | Sunday January 29, 2017

The agency, probing the case for money laundering charges, has said its investigation found that the processes deployed to structure and re-structure the loan by the bank to the now-defunct airline was planned to be defrauded and that Mr Mallya and Kingfisher Airlines (KFA) had "no intent" to repay it.