Vijay Mallya Case

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

Indian banks recovered over Rs 14k cr, twice he owed, claims Vijay Mallya

Fugitive liquor baron Vijay Mallya has claimed that Indian banks have got access to his properties worth Rs 14,131.6 crore, more than twice the amount that he owed to public sector banks. Mallya cited purported reference to the details of restoration done by the Enforcement Directorate against wilful defaulters in the Finance Ministry's annual report 2024-25 to say that banks have already recovered Rs 14,131.8 crore against Rs 6,203 crore awarded by the Debt Recovery Tribunal. "Finally, against aT judgment debt of Rs 6,203 crore, admitted recovery of Rs 14,131.8 crore, which will be evidence in my UK bankruptcy annulment application. Wonder what banks will say in an English Court," Mallya said in a post on X. Sharing details of fugitive economic offenders, including Mallya and 10 others, the report said a total of 44 extradition requests have been sent to various countries in respect of 36 individuals. As per the annual report of the ministry, a complete amount of attached properti

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 ...

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

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

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'

Can't establish contact with Vijay Mallya, his lawyer tells Supreme Court

The lawyer of fugitive businessman Vijay Mallya on Thursday told the Supreme Court that he was not receiving any communication from him and sought to be discharged from the case as a counsel. A bench of Justices D Y Chandrachud and Hima Kohli allowed the discharge of advocate E C Agrawala from the case and asked him to furnish the e-mail ID of the liquor baron along with his present residential address in the United Kingdom to the apex court registry. "Counsel seeking discharge the case because in spite of communication from his end, no instruction is forthcoming," the bench said and asked the lawyer to follow the process of discharge. Agrawala told the top court, "I want to be discharged from this matter as I am not receiving any instructions from my client. I am not able to establish contact with him. He is incommunicado for a long time." The top court discharged the lawyer from the two petitions filed by Mallya against the October 5, 2018 and September 13, 2019 orders of the ...

Mallya's $40-million transfer to family members that resulted in a $25 fine

Supreme Court penalises Vijay Mallya for disobeying its orders related to 2016 petition filed by SBI-led lenders' consortium

SC verdict in Mallya case will enhance recovery prospects: Bankers

Beyond the case, the decision also has demonstrative effect for sternly dealing with other big-ticket defaults, two senior officials with large banks said in a first-cut assessment.

Ten years on, ex-Kingfisher Airline employees wait for their dues

The Supreme Court has awarded a four-month sentence to the grounded airline's flamboyant owner Vijay Mallya in a contempt case

SC sentences Vijay Mallya to four months jail, asks him to deposit $40 mn

Fugitive businessman's properties will be launched if he fails to make the payment

Top headlines: SC sentences Mallya to 4 months in jail; rupee hits new low

The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya

SC to pronounce verdict against Vijay Mallya in contempt case today

Mallya, who is in the United Kingdom since March 2016, was found guilty of contempt of court for transferring $40 million to his children, in a case filed by the State Bank of India

Supreme Court to pronounce verdict against Vijay Mallya on July 11

The Supreme Court in February granted the last opportunity of two weeks to Mallya to personally present or through counsel in the contempt case against him

SC adjourns Vijay Mallya's contempt case hearing for next week

The top court had held Mallya guilty of contempt of court for transferring USD 40 million to his children in violation of the court's order and sought his presence before it on various occasions

'Last chance': SC seeks Vijay Mallya's presence in contempt case hearing

A bench of Justices U.U. Lalit and S. Ravindra Bhat said the court has found Mallya guilty of contempt and punishment has to be imposed

Fugitive billionaire Vijay Mallya faces eviction from luxury home in London

The fugitive Kingfisher tycoon Vijay Mallya is facing the prospect of a humiliating eviction from the luxury Central London home he currently occupies

Can't wait any longer for Mallya: SC fixes Jan 16 for sentence hearing

The bench then said that it would take up the matter for hearing at 2 PM during the day