Vijay Mallya Loan Defaulter

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 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.

Finance Minister Nirmala Sitharaman today said that banks have recovered Rs 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi.

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.

In a series of tweets late on Tuesday night, Finance Minister Nirmala Sitharaman rebutted Congress leader Rahul Gandhi on his allegations on "wilful defaulters, bad loans and write-offs", calling them an attempt to "mislead people in a brazen manner" and sensationalise facts.

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 businessman Vijay Mallya's written appeal against an extradition order passed by a magistrate late last year has been rejected by a High Court judge in the United Kingdom. He will now face an oral hearing on his appeal against the decision.

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.

Union Minister Nitin Gadkari on Thursday suggested that it is unfair to tag a "one-time loan defaulter Vijay Mallyaji" as a "chor" (thief), adding that the embattled businessman has a four-decade-long track record of timely debt servicing.

A court in London on Monday ordered that Vijay Mallya, wanted for Rs 9,000 crore loans default by his companies and facing charges of fraud and money laundering, be sent back to India.

India today secured a major victory in its efforts to extradite fugitive tycoon Vijay Mallya from the United Kingdom, but the battle is still far from over. The 62-year-old businessman -- who faces charges of loan default to the tune of Rs 9,000 crore, money laundering and diversion of loan funds -- is free to appeal against Magistrate Emma Arbuthn...

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...

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 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.

Finance Minister Nirmala Sitharaman today said that banks have recovered Rs 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi.

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.

In a series of tweets late on Tuesday night, Finance Minister Nirmala Sitharaman rebutted Congress leader Rahul Gandhi on his allegations on "wilful defaulters, bad loans and write-offs", calling them an attempt to "mislead people in a brazen manner" and sensationalise facts.

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 businessman Vijay Mallya's written appeal against an extradition order passed by a magistrate late last year has been rejected by a High Court judge in the United Kingdom. He will now face an oral hearing on his appeal against the decision.

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.

Union Minister Nitin Gadkari on Thursday suggested that it is unfair to tag a "one-time loan defaulter Vijay Mallyaji" as a "chor" (thief), adding that the embattled businessman has a four-decade-long track record of timely debt servicing.

A court in London on Monday ordered that Vijay Mallya, wanted for Rs 9,000 crore loans default by his companies and facing charges of fraud and money laundering, be sent back to India.

India today secured a major victory in its efforts to extradite fugitive tycoon Vijay Mallya from the United Kingdom, but the battle is still far from over. The 62-year-old businessman -- who faces charges of loan default to the tune of Rs 9,000 crore, money laundering and diversion of loan funds -- is free to appeal against Magistrate Emma Arbuthn...

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...