Mallya is due back at Westminster Magistrates' Court in London next month for one of the final hearings in his extradition case
Three year market ban; Five year ban from taking directorship in listed companies
Vijay Mallya is wanted in India for Kingfisher Airlines' default on loans worth nearly Rs 90 billion among other cases
The asset freeze order had forced Mallya to live on 5,000 pounds a week, but his allowance was increased to roughly 20,000 pounds a week earlier this year
The legal claim relates to a leasing agreement between Kingfisher Airlines and aircraft leasing company BOC Aviation involving four planes, of which three were delivered
The liquor baron was "not wise" about his activities during the days of default, Gopinath said
The extradition trial of Mallya, wanted in India on charges of Rs 9,000 crore fraud and money laundering, began at a UK court on Monday
Mallya stands accused in India of fraudulently palming off losses from his now defunct Kingfisher Airlines onto banks
The trial, however, was briefly halted as the courtroom had to be evacuated due to a fire alarm
A team of Central Bureau of Investigation (CBI) officers from India will be attending the extradition trial
The Congress chief's son-in-law said that while he was a political victim, he had never misused his position or absconded with anyone's money
His extradition hearing was confirmed for eight days starting December 4
Vijay Mallya is out on bail on an extradition warrant executed by Scotland Yard earlier this year
The rulings come just weeks before the extradition case against Mallya
Mallya cannot attend races outside the UK with his passport being revoked and India seeking his extradition
The embattled tycoon wanted in India on loan defaults to several banks amounting to Rs 9,000-cr
The independent directors, on Feb 6, decided not to send 'privileged information' to Vijay Mallya
The Securities Appellate Tribunal (SAT) on Friday rejected beleaguered businessman Vijay Mallya's appeal against Securities and Exchange Board of India's (Sebi) order that had barred him from holding any board position in a listed company. The tribunal also upheld the regulator's order of barring him and six others from the securities market for alleged violation of listing norms and diversion of funds. The appellate tribunal has dismissed all appeals against the Sebi order saying that considering the gravity of the matter, the market regulator was justified in invoking its extraordinary power of passing an ex-parte order."In view of the above facts and circumstances and analysis of law and with above observations we are inclined to dismiss the appeal with a direction to the appellant to appear before Sebi, in person or through a legally authorised representative, and make his submissions within 21 days," SAT said in the order. On Mallya's plea on board position, SAT said, "We find ...
Court allowed agency's request for issuance of Letter Rogatory to the UK to assist it in the probe
In 2016, Diageo had entered into a $75-mn sweetheart deal with Mallya and paid him $40 mn upfront