Kingfisher Airlines Loan

Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.

The recovery officer of a Debt Recovery Tribunal has told the Supreme Court that neither Vijay Mallya, nor any other beneficiary of the transfer of funds case, have deposited any amount with the tribunal till August 18.

The Supreme Court reserved verdict on quantum of sentence against fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case

Supreme Court adjourned till Thursday hearing a plea related to the appearance of fugitive Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving defunct Kingfisher Airlines, in contempt case where he has been found guilty.

A consortium of Indian banks moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines after the High Court in London upheld an application to amend their bankruptcy petition

A "confidential legal issue" is stalling the extradition of business tycoon Vijay Mallya, wanted in India for defaulting on loans worth thousands of crores of rupees, from the UK and the government is following up with British authorities, the foreign ministry said on Thursday.

Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 per cent of his loan dues and close case against him.

Businessman Vijay Mallya, who is wanted in India for defaulting crores in loans to his failed Kingfisher Airlines, took to Twitter again this morning to hit out at Prime Minister Narendra Modi. The fugitive liquor baron said that by PM Modi's assertion that the recovery of assets was higher than the alleged Rs. 9,000 crores he owed.

Fugitive liquor baron Vijay Mallya will be extradited to India to face trial for alleged fraud and money laundering amounting to Rs 9,000 crore, UK's home secretary Sajid Javed has decided. The order for his extradition was signed on Mondayfollowing India's request.

A day after kicking up a storm by pointing out the alleged unfairness of tagging fugitive businessman Vijay Mallya as a thief over a "one-time loan default", Union Minister Nitin Gadkari today chose to deflect criticism by accusing the media of taking his remarks out of context.

Fugitive tycoon Vijay Mallya can be extradited to India to face fraud investigations, a court in the UK ruled today. Vijay Mallya is wanted in India for defaulting on Rs 9,000 crore in loans to his failed Kingfisher Airlines. There was no sign of a false case being mounted against him, UK judge Emma Arbuthnot said. Calling it a great day for India,...

Fugitive tycoon Vijay Mallya who is wanted in India for alleged default on Rs 9,000 crore loans for Kingfisher airlines faced hearing in a Britain court which ruled that he should be extradited to India.

Whether fugitive tycoon Vijay Mallya will be extradited to India to face fraud investigations is likely to be decided by a court in the UK today. He is wanted in India for defaulting on Rs 9,000 crore in loans to his failed Kingfisher Airlines. He repeated to reporters that he was ready to repay 100 per cent the principle that he owes -- an offer h...

A UK High Enforcement Officer is set to sell a fleet of Vijay Mallya's cars in the UK as part of efforts to recover loan repayment dues owed by the beleaguered liquor baron to a consortium of 13 Indian banks, the banks' legal representative confirmed on Friday.

Many senior bank officials who had dealt with loans given to liquor baron Vijay Mallya's Kingfisher Airlines may be named as accused in a CBI charge sheet which is likely to be filed within a month, sources said.

Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.

The recovery officer of a Debt Recovery Tribunal has told the Supreme Court that neither Vijay Mallya, nor any other beneficiary of the transfer of funds case, have deposited any amount with the tribunal till August 18.

The Supreme Court reserved verdict on quantum of sentence against fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case

Supreme Court adjourned till Thursday hearing a plea related to the appearance of fugitive Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving defunct Kingfisher Airlines, in contempt case where he has been found guilty.

A consortium of Indian banks moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines after the High Court in London upheld an application to amend their bankruptcy petition

A "confidential legal issue" is stalling the extradition of business tycoon Vijay Mallya, wanted in India for defaulting on loans worth thousands of crores of rupees, from the UK and the government is following up with British authorities, the foreign ministry said on Thursday.

Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 per cent of his loan dues and close case against him.

Businessman Vijay Mallya, who is wanted in India for defaulting crores in loans to his failed Kingfisher Airlines, took to Twitter again this morning to hit out at Prime Minister Narendra Modi. The fugitive liquor baron said that by PM Modi's assertion that the recovery of assets was higher than the alleged Rs. 9,000 crores he owed.

Fugitive liquor baron Vijay Mallya will be extradited to India to face trial for alleged fraud and money laundering amounting to Rs 9,000 crore, UK's home secretary Sajid Javed has decided. The order for his extradition was signed on Mondayfollowing India's request.

A day after kicking up a storm by pointing out the alleged unfairness of tagging fugitive businessman Vijay Mallya as a thief over a "one-time loan default", Union Minister Nitin Gadkari today chose to deflect criticism by accusing the media of taking his remarks out of context.

Fugitive tycoon Vijay Mallya can be extradited to India to face fraud investigations, a court in the UK ruled today. Vijay Mallya is wanted in India for defaulting on Rs 9,000 crore in loans to his failed Kingfisher Airlines. There was no sign of a false case being mounted against him, UK judge Emma Arbuthnot said. Calling it a great day for India,...

Fugitive tycoon Vijay Mallya who is wanted in India for alleged default on Rs 9,000 crore loans for Kingfisher airlines faced hearing in a Britain court which ruled that he should be extradited to India.

Whether fugitive tycoon Vijay Mallya will be extradited to India to face fraud investigations is likely to be decided by a court in the UK today. He is wanted in India for defaulting on Rs 9,000 crore in loans to his failed Kingfisher Airlines. He repeated to reporters that he was ready to repay 100 per cent the principle that he owes -- an offer h...

A UK High Enforcement Officer is set to sell a fleet of Vijay Mallya's cars in the UK as part of efforts to recover loan repayment dues owed by the beleaguered liquor baron to a consortium of 13 Indian banks, the banks' legal representative confirmed on Friday.

Many senior bank officials who had dealt with loans given to liquor baron Vijay Mallya's Kingfisher Airlines may be named as accused in a CBI charge sheet which is likely to be filed within a month, sources said.