Vijay Mallya

Vijay Mallya discontinues bankruptcy annulment application in UK

Vijay Mallya, wanted in India to face trial on fraud and money laundering charges, has discontinued an application to annul a UK bankruptcy order ahead of a planned hearing in London on Monday. It means the "Trustee in Bankruptcy" can continue to pursue assets to help a consortium of banks led by the State Bank of India (SBI) realise the repayment of an estimated judgment debt of around 1.05 billion pounds owed by the 69-year-old's now-defunct Kingfisher Airlines. A High Court hearing to set the directions for the annulment application to be heard was vacated after Mallya's legal team filed a notice of discontinuance last week. Vijay Mallya's Trustee in Bankruptcy will be able to continue with their work in investigating and realising assets falling within his bankruptcy estate without any hindrance that this application might have caused them, UK law firm TLT LLP, representing the banks, said in a statement. It follows High Court Judge Anthony Mann's ruling in favour of the banks

HC to hear Vijay Mallya, UBHL director's plea on debt recovery records

The Karnataka High Court on Friday listed for September the petitions filed by fugitive businessman Vijay Mallya and Daljit Mahal, director of the now-liquidated United Breweries Holdings Limited (UBHL) seeking bank account statements on debt recoveries. The petitioners have sought directions to concerned banks to furnish a detailed statement of accounts showing the dues owed by them, UBHL, and other certificate debtors. The plea calls for the statements to reflect periodic accrual of interest, credits for recoveries already made, and details of assets utilised, following the amended recovery certificate dated April 10, 2017, issued by the Debts Recovery Tribunal (DRT). Hearing the matter, Justice B M Shyam Prasad noted that the present petition and anotherWP 3357/2025involve common issues. Senior Advocate Sajan Poovayya, appearing for the petitioners, suggested they be taken up together. The court directed advocate Chandrakant K Patil, already representing respondents in the ...

Vijay Mallya is 'overwhelmed, humbled' as podcast hits 20 million views

Vijay Mallya says he is 'humbled and overwhelmed' after his podcast with YouTuber Raj Shamani crosses 20 million views, calling it a moment his truth is finally heard

'I'm not a chor, I didn't run': Vijay Mallya defends himself after 9 years

Breaking his silence after nine years, Vijay Mallya apologised to Kingfisher staff, denied being a 'chor', and said he may return to India if assured a fair trial

Harsh Goenka supports fugitive Vijay Mallya, says justice must be fair

Vijay Mallya recently appeared on a YouTube podcast, where he shared his side for the first time in nine years - speaking on decline of Kingfisher Airlines, charges against him, and more

Vijay Mallya pursues annulment of UK bankruptcy order over 'unreal quality'

Embattled businessman Vijay Mallya believes Indian banks pursuing bankruptcy proceedings against him in the English courts have assumed an unreal quality in the wake of Union Finance Minister Nirmala Sitharaman's recent statement in Parliament and has instructed his lawyers to pursue an annulment application. It emerged as Justice Anthony Mann reserved judgment, to be handed down at a later date after hearings of three interlinked appeals related to Mallya's bankruptcy order concluded at the High Court in London this week. The judge heard a set of complicated arguments involving a consortium of banks led by the State Bank of India (SBI) seeking repayment of an estimated judgment debt of around GBP 1.05 billion owed by the 69-year-old businessman's now-defunct Kingfisher Airlines. From Dr Mallya's perspective, these English bankruptcy proceedings have an unreal quality, Leigh Crestohl, Managing Partner of Zaiwalla and CoMallya's recently appointed lawyers, told PTI. Evidence has now

Vijay Mallya's appeal to overturn bankruptcy order return to London HC

Embattled businessman Vijay Mallya's attempt to overturn a bankruptcy order imposed on him by the High Court in England over three years ago has returned for appeal hearings in London this week. During a hearing at the Chancery Division in London on Wednesday, Justice Anthony Mann ruled against an adjournment petition by Mallya who was not present and represented in court by recently appointed Zaiwalla & Co lawyer Kartik Mittal and barrister Mark Watson-Gandy. The judge then went on to hear a set of interlinked appeals related to the 69-year-old businessman, separately wanted in India on fraud and money laundering charges. The appeals this week relate to a consortium of Indian banks led by the State Bank of India (SBI) seeking the repayment of an estimated judgment debt of around GBP 1.05 billion owed by his now-defunct Kingfisher Airlines. I find no good reason to adjourn pending the outcome of Indian proceedings, Justice Mann said, noting that significant appeal time had ...

How has Indian govt taken double of the debt: Vijay Mallya hits back

Fugitive liquor baron Vijay Mallya questions excess recovery claims, seeks relief from authorities

Rs 14,131.6 crore recovered from Vijay Mallya's asset sales: FM Sitharaman

The Enforcement Directorate has restored assets worth Rs 22,280 crore to victims or rightful claimants from cases involving economic offences, the finance minister informed Lok Sabha

ED restored properties worth Rs 22,280 cr to legitimate claimants: FM

Finance Minister Nirmala Sitharaman on Tuesday said the Enforcement Directorate has restored properties worth Rs 22,280 crore to the victims or rightful claimants and asserted that the fight against economic offenders will continue unabated. Replying to a debate on the first batch of Supplementary Demands for Grants in the Lok Sabha, she said Rs 14,131.6 crore worth properties belonging to fugitive Vijay Mallya have been restored to public sector banks. As regards the Nirav Modi case, properties to the tune of Rs 1,052.58 crore have been restored to PSBs and private banks. In the Mehul Choksi case, properties worth Rs 2,565.90 crore have been attached and will be auctioned. In the National Spot Exchange Ltd (NSEL) case, Rs 17.47 crore worth properties were restored to the genuine investors who were defrauded. "On the PMLA, ED has successfully restored properties valued at least Rs 22,280 crore from major cases... We have not left anyone, even if they fled the country, we've gone a

Sebi bars fugitive businessman Vijay Mallya from securities mkts for 3 yrs

Mallya, through an FII entity named Matterhorn Ventures, has indirectly trades in scrips of his group entities in India, thus concealing the true identity of his investments in securities market

Mumbai Special Court issues non-bailable warrant against Vijay Mallya

Vijay Mallya was declared a fugitive under the Fugitive Economic Offenders Act in 2019. The recent non-bailable warrant has been issued for a Rs 180 crore loan default

Vijay Mallya's son Siddharth set to tie the knot with girlfriend Jasmine

Siddharth Mallya is set to marry his girlfriend Jasmine. Siddhart shared the wedding information on his official Instagram account. Check details here

Nirav Modi, Mallya fled India due to agencies' delay in arrest, says court

Businessmen involved in multi-million dollar scams, such as Nirav Modi, Mehul Choksi and Vijay Mallya, were able to flee the country because probe agencies failed to arrest them at the proper time, a special court here said recently. Special judge M G Deshpande made the remark while hearing a plea of an accused booked under the Prevention of Money Laundering Act (PMLA) seeking modification in his bail condition. The court on May 29 accepted the plea of Vyomesh Shah, an accused in a money laundering case, to drop the bail condition of getting the court's prior permission to travel abroad. The detailed order was made available recently. The Enforcement Directorate (ED) had argued that allowing Shah's application would give rise to situations like Nirav Modi, Vijay Mallya and Mehul Choksi. Rejecting the probe agency's contention, the judge said, "I thoughtfully examined this argument and felt it necessary to note that all these persons fled because of the failure of the investigating

Raghav Chadha might have lost eyesight…: AAP leader Saurabh Bharadwaj

'Once recovered, Chadha will come back to India and join the party's campaign'

FIR filed over posters carrying picture of PM Modi with fugitives in Delhi

The Delhi Police has registered an FIR in connection with posters carrying a picture of Prime Minister Narendra Modi with fugitive businessmen Nirav Modi and Vijay Mallya that came up in several parts of central Delhi, an officer said on Wednesday. The posters carried the caption "Modi ka asli pariwar" (real family of Modi) with 'Bhartiya Yuva Congress' written at the bottom. A senior police officer said a case under Delhi Prevention of Defacement of Property Act has been registered against unknown persons at Tughlak Road Police Station and the posters have been removed. The case was registered at the complaint of an official from the New Delhi Municipal Council on Tuesday, he said. Police said the posters did not carry the name of the publisher or the person who put them up. PM Modi on Monday said 140 crore Indians are his "family," as he mounted a counter-offensive over RJD's Lalu Prasad's "no family" jibe at him. The BJP rallied behind its leader by launching a "Modi Ka Pariva

India's top team to hasten extradition of Mallya, Nirav Modi in UK: Report

The Indian team will be headed by a senior officer from the MEA. Some meetings have also been scheduled with UK officials to seek pending information on the seized assets of the wanted fugitives

Govt plans unique code to identify entities involved in financial offences

The Central Economic Intelligence Bureau under the finance ministry has created a repository of about 250,000 such offenders

Ex- IDBI GM conspired with Mallya over loan to Kingfisher Airlines: CBI

A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disbursement of loan to the latter's Kingfisher Airlines, the Central Bureau of Investigation said in its supplementary chargesheet filed in a Mumbai court. Mallya is an accused in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case, which is being probed by the CBI. The Central agency had recently filed a supplementary chargesheet before a special CBI court here. As per the chargesheet, former IDBI Bank general manager Buddhadev Dasgupta abused his position, conspired with colleagues and Mallya in the matter of sanction and disbursement of short term loan (STL) of Rs 150 crore to Kingfisher Airlines in October 2009. Along with 11 accused named in the earlier chargesheets, the CBI has added the name of Dasgupta in the supplementary chargesheet filed recently. As per the CBI, the STL was requested for six months to meet certain critical obligations to overseas vendors,

Mallya bought properties in England, France while airline in crisis: CBI

Beleaguered 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 CBI has claimed in its supplementary chargesheet filed in a court here. Mallya is an accused in the alleged over Rs 900 crore IDBI Bank-Kingfisher Airlines loan fraud case being probed by the Central Bureau of Investigation (CBI). The central agency recently filed a supplementary chargesheet before a special CBI court here. Along with all the 11 accused named in the earlier chargesheets, the probe agency has added the name of Buddhadev Dasgupta, former general manager of IDBI Bank in its latest supplementary chargesheet. The probe agency alleged that by abusing his official position, Dasgupta conspired with the officers of IDBI Bank and Vijay Mallya in the matter of sanction and disbursement of the short-term loan (STL) of Rs 150 .