Page 15 - Vijay Mallya

Mallya moves SAT against Sebi's ban for diverting funds worth Rs 1,880 cr

Beleaguered liquor baron Vijay Mallya has moved Securities and Appellate Tribunal (SAT) challenging market regulator Securities and Exchange Board of India (Sebi) order which has barred him from securities market for allegedly diverting the fund to the tune of Rs 1,880 crore from United Spirits (USL).Market regulator on January 25, has passed an order against Mallya and six other entities, for violating Sebi's (Prohibition of Fraudulent and Unfair Trade Practices) regulations.SAT on Friday adjourned the matter. This is the second time Mallya's case has been adjourned by the appellate tribunal. Regulator had given 21 days for USL to provide information on steps taken by the company to recover the fund from Mallya and companies to which the amount has been diverted. Mallya had hit out at the Sebi order, terming the charges baseless. He tweeted, "allegations of fund diversion out of USL are baseless. USL account were approved by top auditors, an eminent board of directors, ...

UK FM Philip Hammond says Mallya matter sub-judice, declines to comment

India, on February 8 handed over a formal extradition request to British govt to bring back Mallya

Vijay Mallya in the dock: UK govt certifies extradition, says MEA

MEA said UK Home office had forwarded extradition plea to court to secure warrant against Mallya

Extradition request for Vijay Mallya pending with UK govt

In the last five-year, only Samirbhai Vinubhai Patel, has been extradited from the UK

Less than 2% loan recovered from what Mallya owes to banks

Banks had reported Rs 8,191 crore as loan outstanding against Mallya as on December 31, 2016

Warrant, extradition order against Mallya in service tax case

The court also issued an NBW against Sanjay Agarwal, erstwhile CEO of Kingfisher Airlines

Loans of Rs 8,040 crore to Vijay Mallya given by UPA, says MoS Finance

Loan of Rs 8,040 cr was declared non-performing assets in 2009 and it was restructured in 2010

Banks want Vijay Mallya to spell out one-time settlement offer

Banks had previously shot down Mallya's offer of Rs 6,868 crore in April 2016

Vijay Mallya slams govt for holding him guilty without trial

He said his offer for settlement have been rejected by the lenders without consideration

Ready to talk to banks for one-time settlement on loan default: Mallya

Supreme Court posed a question to Mallya about the "truthfulness" of his disclosure of assets

SC set to pass order in Mallya case

The consortium led by State Bank of India, represented by Attorney General Mukul Rohtagi, told the Supreme Court that the government is pursuing its effort to extradite beleagured industrialist Vijay Mallya and till he appears before the court, none of his application should be entertained. The majesty of the court is involved, he said on the concluding day of the hearing of contempt of court petition against Mallya who is now in England. The court reserved its order on the petition moved by the consortium, but it did not give any date for the delivery of the decision. The crucial issue during the arguments was the $40 million the former liquor baron received from Diageo plc by selling shares in United Breweries. According to the banks, he had salted away the amount by transferring it to trusts in the name of his three children residing abroad. They contend that though the Supreme Court had directed him to make a full disclosure of the assets including the Diageo deal, he has ...

Did you truthfully disclose all your assets, SC asks Vijay Mallya

It wanted to know if he violated HC order by transferring $40 mn to his children

Auction fails again for Vijay Mallya's Kingfisher House, Goa Villa

Kingfisher House was put under hammer for Rs 103.5 cr while the Villa in Goa was priced at Rs 73 cr

SC to hear banks' plea against transfer of $40 mn by Vijay Mallya

Court had granted 3 weeks to Mallya to file an affidavit in response to the plea of banks

Faulty engines led to Kingfisher collapse: Mallya

Response to queries sent to a P&W spokesperson on the issue was awaited

P&W's bad engines killed Kingfisher too: Mallya on IndiGo, GoAir probe

Vijay Mallya, the embattled businessman who is in the UK, today said faulty engines were one of the factors for the collapse of Kingfisher Airlines. A group firm of Pratt & Whitney has been sued for supplying defective engines to Kingfisher Airlines, Mallya said amid aviation regulator DGCA ordering detailed inspection of P&W engines powering some Airbus 320 neo planes being operated in India. Mallya has been declared a wilful defaulter and is wanted by Indian authorities for default in payment of loans related to Kingfisher Airlines that was grounded in 2012. He is also wanted in other cases. "Not surprised at DGCA enquiry into Pratt & Whitney aircraft engines. Kingfisher Airlines sadly collapsed also due to faulty engines," he said in a tweet. DGCA has ordered detailed inspection of 21 Airbus 320 neo planes of IndiGo and GoAir that are equipped with P&W engines, which have been frequently facing technical glitches. "We have sued IAE, a Pratt .

Vijay Mallya PMLA case: Court nod to ED to attach Rs 4,200 cr assets

The Enforcement Directorate will now move to confiscate these assets

Have become a 'political football', says Vijay Mallya

Mallya, now in the UK, faces money laundering and loan default charges in India

'Not one rupee was misused': Vijay Mallya sees no grounds for extradition

Mallya said he had become a "political football" between the two major Indian political parties

Force India F1 team boss Vijay Mallya sees no grounds for extradition

As govt wants Mallya to face trial after he was charged with loan fraud to his defunct airline