Vijay Mallya

Vijay Mallya's 17-Bedroom French Mansion With Helipad Rotting: Bank

India News | Ellen Milligan, Bloomberg | Friday January 17, 2020

Indian tycoon Vijay Mallya's palatial island home boasts 17 bedrooms, a cinema, private helipad and even its own nightclub. But one of the banks suing him for unpaid debts allege the former billionaire let it fall into disrepair.

Vijay Mallya Can't Use Pending Plea To Stall Insolvency Proceedings: Supreme Court

India News | Press Trust of India | Tuesday January 7, 2020

The Supreme Court Monday said fugitive economic offender Vijay Mallya cannot use pendency of his plea in the top court to stall insolvency proceedings initiated against him by lenders in other countries.

Vijay Mallya Cannot Use Pendency Of Plea To Stall Verdict In UK: Top Court

India News | Press Trust of India | Monday January 6, 2020

The Supreme Court on Monday said that Vijay Mallya cannot use pendency of his plea in the top court to stall insolvency proceedings initiated against him in other jurisdictions.

Court Allows Banks To Use Assets Seized From Vijay Mallya

India News | Press Trust of India | Wednesday January 1, 2020

A special court in Mumbai has permitted a consortium of 15 banks led by the State Bank of India (SBI) to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt.

Vijay Mallya Faces Bankruptcy Over Rs 10,000 Crores In Debt

India News | Ellen Milligan, Bloomberg | Wednesday December 11, 2019

Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds (Over Rs 10,000 crore) in unpaid debts.

Nirav Modi Declared Fugitive Economic Offender By Special Court In Mumbai

India News | Reported by Arvind Gunasekar, Edited by Chandrashekar Srinivasan | Thursday December 5, 2019

Nirav Modi has been declared a fugitive economic offender by a Mumbai court, becoming the second person, after Vijay Mallya, to be charged under the law

IDBI Bank Issues Public Notice On Vijay Mallya As "Wilful Defaulter"

India News | Indo-Asian News Service | Wednesday November 6, 2019

IDBI Bank has declared Vijay Mallya a wilful defaulter and issued a public notice on Wednesday with his old passport size photograph for default on payments worth Rs 1,566 crore in respect to Kingfisher Airlines.

What Top Court Told CBI About Flight Risk Of Economic Offenders

India News | Press Trust of India | Wednesday October 23, 2019

The Supreme Court Tuesday refused to accept the CBI contention that ''flight risk'' of economic offenders be viewed as a "national phenomenon" because several such persons including industrialist Vijay Mallya have fled the country.

Indian Murder Accused's Bizarre Remark On Facing Extradition To UK

India News | Press Trust of India | Sunday September 29, 2019

A 34-year-old Indian man, likely to be extradited to the United Kingdom in the first week of October for allegedly committing rape and murder there 10 years ago, said through his lawyer on Sunday that he was being made a scapegoat since he hailed form a poor family.

Showing P Chidambaram Evidence Will Hurt Vijay Mallya, Nirav Modi Cases: Agency

India News | Indo-Asian News Service | Thursday August 29, 2019

INX Case: Former Finance Minister P Chidambaram's plea to see the evidence before it is placed before the court will adversely affect several cases involving economic offenders and terror funding, Solicitor General Tushar Mehta told the Supreme Court on Thursday.

CBI Seeks Help From 5 Countries In INX Media Probe: Sources

India News | Reported by Arvind Gunasekar, Edited by Jimmy Jacob | Friday August 23, 2019

The CBI has contacted five countries for information on shell companies and bank accounts to identify the manner in which kickbacks were allegedly routed in the INX Media case over ten years ago, sources said. Former Union Minister P Chidambaram and his son, Karti, are among those accused in the alleged scam involving jailed media baron Indrani Muk...

Amid Shock Over Coffee Baron's Case, Vijay Mallya's Tweet Attacks Banks

India News | Edited by Shylaja Varma | Wednesday July 31, 2019

Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, cited the case of Cafe Coffee Day founder VG Siddhartha to attack the government and banks. Hours before the coffee baron's body was found after he went missing on Monday, Vijay Mallya said he is devastated by the contents of the letter reportedly written b...

Probe Uncovers How Illicit Funds Are Still Reaching Vijay Mallya: Report

India News | Press Trust of India | Tuesday July 30, 2019

The Enforcement Directorate has unearthed an alleged nexus of slush funds being transferred to fugitive liquor baron Vijay Mallya by his India-based "close associate" with the help of shell companies, official sources said on Monday, stating that the investigation in the multi-crore bank fraud case has widened.

Vijay Mallya's Plea Against Attachment Of Properties To Be Heard On Friday

India News | Press Trust of India | Monday July 29, 2019

The Supreme Court Monday agreed to hear on Friday the plea of fugitive economic offender Vijay Mallya challenging the confiscation of properties belonging to the companies owned by him and his family members.

Vijay Mallya Asks Top Court To Stay Seizure Of His Properties

India News | Press Trust of India | Sunday July 28, 2019

Fugitive liquor tycoon Vijay Mallya on Saturday approached the Supreme Court seeking a stay on the confiscation of properties owned by him and his relatives.