Nothing Lasts Forever: The 'King of Good Times', Who Owned A Boeing 727, An IPL Team, And Nearly 250 Vintage Cars, Ended Up Being A Fugitive
Biggest Indian Banking Fraud: Vijay Mallya tricked banks into granting loans by putting up poor collateral since he was in desperate need of money. The 9,000 crore swindle became public knowledge once it became clear that Kingfisher had plummeted despite his attempts. Mallya emigrated from India and is now looking for safety in the UK. The extradition process is now in motion.
Aug 20, 2023, 14:24 PM IST
Relief for beer makers as NCLAT stays CCI order imposing Rs 873 crore penalty
NCLAT has imposed a stay on the orders passed by the fair trade regulator CCI slapping penalties on several beer makers.
Dec 25, 2021, 15:54 PM IST
Around Rs 3,600 crore recovered, Rs 11,000 crore still needed to be recovered from Vijay Mallya: SC told
Senior Advocate Mukul Rohatgi, representing the consortium of banks led by the SBI, informed the top court that so far around Rs 3,600 crore have been recovered but Rs 11,000 crore still needed to to be recovered from Mallya and UBHL.
Oct 26, 2020, 15:27 PM IST
Vijay Mallya may be in talks to return to India: Reports
Vijay Mallya may have indicated to Indian authorities that he is willing to return and join the legal process here.
Jul 24, 2018, 23:48 PM IST
Vijay Mallya diverted Rs 3,700 cr bank loan funds to F1, IPL and for private jet sorties: ED chargesheet
The ED in 2017 filed its first chargesheet against embattled liquor baron Vijay Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case.
Jun 19, 2018, 00:21 AM IST
Sebi attaches bank, demat, MF accounts of Mallya's UBHL
The decision has been taken after UBHL failed to pay the fine imposed on it.
Nov 16, 2017, 14:28 PM IST
United Breweries shares drop 3% on poor Q4 show
Shares of United Breweries on Thursday ended nearly 3 percent down after the company reported a significant fall in standalone net profit at Rs 6.73 crore for the fourth quarter of 2016-17 fiscal.
May 18, 2017, 18:35 PM IST
Reviewing Sebi ban order against Mallya, 6 USL officials: UBHL
Vijay Mallya-led United Breweries Holding Ltd (UBHL) today said it is reviewing SEBI's order barring the beleaguered businessman and six former officials of United Spirits (USL) from securities markets in a case related to alleged fund diversions and will take "appropriate action".
Jan 31, 2017, 20:48 PM IST
United Breweries to seek legal advice on Sebi order
United Breweries Ltd on Friday said that it is seeking legal advice for its next course of action following SEBI restraining its Chairman Vijay mallya from holding position as director or key managerial position in any listed company.
Jan 27, 2017, 19:57 PM IST
Vijay Mallya files plea for recalling contempt order
Beleaguered liquor baron Vijay Mallya has filed an application in the Karnataka High Court for recalling its order summoning him for allegedly violating an undertaking given by him and his companies not to transfer their equity shares in United Breweries to Diageo Plc.
Nov 25, 2016, 22:31 PM IST
Vijay Mallya case: Karnataka HC summons beleaguered liquor baron to appear on November 24
In a case involved with alleged violation of an undertaking given by beleaguered liquor baron Vijay Mallya, Karnataka High Court summoned him on Thursday. Mallya and his companies had earlier provided an undertaking to not transfer their equity shares in United Breweries to Diageo Plc.
Oct 21, 2016, 00:19 AM IST
Vijay Mallya bets on judiciary for relief from criminal cases
A defiant liquor baron Vijaya Mallya on Thursday asserted that he would get judicial relief soon from criminal charges filed against him by a consortium of banks for defaulting on loans his defunct airline raised.
United Breweries Holdings Q1 net rises 13-fold to 29.47 cr
Net profit of United Breweries (Holdings) Ltd rose over 13-fold to Rs 29.47 crore for the first quarter ended June 30, 2016.
Sep 29, 2016, 11:45 AM IST
Vijay Mallya case: HC stays for 3 months DRT order issuing demand notice to UBHL
The Karnataka High Court has stayed for three months the Debt Recovery Tribunal's order issuing a demand notice to Vijay Mallya-owned United Breweries Holdings Limited (UBHL) and Kingfisher Airlines to pay Rs 192 crore on an application by three banks.
Jun 18, 2016, 06:15 AM IST
Vijay Mallya hurt the system, his own class of businesses: Arun Jaitley
Finance Minister Arun Jaitley has said that absconding liqour baron Vijay Mallya has hurt the system as well as his own class of businesses.
May 18, 2016, 09:24 AM IST
ED issues fresh summons to Vijay Mallya in loan default case, asks him to appear on April 2
The Enforcement Directorate (ED) on Friday issued fresh summons to liquor baron Vijay Mallya to appear on April 2 in a money laundering probe related to IDBI loan fraud case.
Mar 18, 2016, 12:25 PM IST
Loan default case: Vijay Mallya not to appear before ED today, seeks time till April
ED had earlier issued summons to Mallya for "personal appearance" before it in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
Mar 18, 2016, 10:07 AM IST
Loan default case: Vijay Mallya not to appear before ED on Friday, seeks more time
ED had earlier issued summons to Vijay Mallya for "personal appearance" before it in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
Mar 17, 2016, 19:08 PM IST
Vijay Mallya in talks to settle debt with lenders
Indian liquor baron Vijay Mallya said he has been in talks to enter into a one-time settlement with state-run banks, to which his now-defunct carrier Kingfisher Airlines owes more than USD 1 billion.
Mar 07, 2016, 10:31 AM IST
UBL starts beer supply from acquired Rajasthan brewery
Liquor baron Vijay Mallya-led United Breweries (UBL) has commenced supply of beer from a brewery in Rajasthan it acquired in 2014.
Feb 27, 2016, 14:27 PM IST
