DRT to resume hearing on banks' plea countering UBHL'S claims
The Debt Recovery Tribunal on Thursday will resume hearing on counter objections filed by SBI-led consortium of banks against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of USL equity shares by lenders at 'cheaper rate'.
Apr 21, 2016, 12:37 PM IST
Vijay Mallya Case: Diageo Plc files objections against DRT Order
British liquor giant Diageo and two of its subsidiaries today filed their objections in the Debt Recovery Tribunal here against its last month order barring liquor baron Vijay Mallya from withdrawing USD 75 million exit payout by it under a sweetheart deal till the disposal of SBI's case against him over loan default.
Apr 06, 2016, 00:12 AM IST
I'm being victimised, won't return to India now: Vijay Mallya
Liquor baron Vijay Mallya on Sunday claimed that the banks gave him loans after evaluating all aspects, adding that he is not trying to run to evade law enforcement agencies but is on a personal visit.
Mar 13, 2016, 10:18 AM IST
Vijay Mallya left country despite look-out notice by CBI?
CBI sources claimed the agency had taken all legally- permissible precautions including issuance of look-out notices to all exit points from the country to prevent any such move on part of the Rajya Sabha MP but he still managed to escape.
Mar 09, 2016, 20:47 PM IST
After money laundering case, DRT halts Vijay Mallya's Rs 515 crore payout package
The Debts Recovery Tribunal has passed orders to restrain Diageo Plc from paying Vijay Mallya Rs 515 crore as a part of a settlement to exit Diageo-owned United Spirits Limited.
Mar 08, 2016, 11:16 AM IST
Double whammy for Vijay Mallya: ED files case, DRT blocks $75 million in Diageo deal
It is feared that Mallya might become a fugitive from law by shifting base to a country where it might be difficult to make him face the Indian laws, officials said.
Mar 07, 2016, 23:01 PM IST
'Sweetheart deal' turns sour: DRT bars Vijay Mallya from withdrawing $75 mn Diageo money
The tribunal ordered that the amount be attached till the disposal of the original application filed by State Bank of India in 2013.
Mar 07, 2016, 19:29 PM IST
Big blow to Vijay Mallya: Diageo can't disburse $75 million payout, rules DRT
The Debt Recovery Tribunal (DRT) on Monday ruled that Vijay Mallya cannot withdraw from USD 75 million severance package that he will be getting for quitting Diageo-owned United Spirits (USL) as its chairman.
Mar 07, 2016, 15:01 PM IST
Vijay Mallya default case: DRT to pass its orders today
The DRT had reserved its order after hearing submissions made by both parties—bankers and Mallya—on 4 March.
Mar 07, 2016, 08:57 AM IST
Debt Recovery Tribunal to be computerised: Arun Jaitley
Government is looking at computerisation of the Debt Recovery Tribunal (DRT) and also plans to reduce the number of oral hearing to two, Finance Minster Arun Jaitely said on Monday.
Sep 28, 2015, 19:27 PM IST
