Page 3 - Vijay Mallya

United Spirits to sell 32 liquor brands to Ravi Deol's Inbrew for Rs 820 cr

USL will retain McDowell's and Director's Special whiskey as it gives up labels like White-Mischief vodka and Honey Bee brandy.

Johnson says UK doesn't welcome economic fugitives like Nirav, Mallya

'We don't welcome people who want to use our legal system to evade the law here in India,' the British Prime Minister asserted

Assets worth Rs 19,111.20 cr of Vijay Mallya, Nirav Modi, Choksi attached

The government on Tuesday said assets worth Rs 19,111.20 crore relating to fugitives Vijay Mallya, Nirav Modi and Mehul Choksi, have been attached so far. In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said that the three fugitives have defrauded public sector banks by siphoning off funds through their companies resulting in total loss of Rs 22,585.83 crore to the lenders. "... as on March 15, 2022, assets worth Rs 19,111.20 crore have been attached under the provisions of PMLA (Prevention of Money Laundering Act)," he said. Out of Rs 19,111.20 crore, assets worth Rs 15,113.91 crore has been restituted to the public sector banks. In addition, the minister said assets worth Rs 335.06 crore have been confiscated to Government of India. "As on March 15, 2022, 84.61 per cent of the total defrauded funds in these cases have been attached/seized and 66.91 per cent of total loss to the banks has been handed over to banks/confiscated to Government of

SC reserves order on punishment in contempt case against Vijay Mallya

It even permitted the counsel, who was earlier representing Mallya, to file written submissions, if any, in the case by Tuesday

SC adjourns hearing on contempt case against fugitive Vijay Mallya

The Supreme Court adjourned till Thursday hearing on a plea related to the appearance of fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore

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

'Rs 19,111-cr assets attached out of total fraud by Mallya, Nirav & Choksi'

These figures were mentioned in the note submitted by Tushar Mehta in the SC, which is hearing arguments on a batch of petitions concerning the interpretation of certain provisions of PMLA

Rs 18k cr returned to banks from Mallya, Nirav and Choksi: Centre tells SC

Solicitor General Tushar Mehta informed the Supreme Court that Rs 18,000 crore have been returned to the banks in the case of Vijay Mallya, Nirav Modi, and Mehul Choksi.

SC gives final opportunity to Mallya to appear before it in contempt case

Justice Bhat said this cannot become a gateway for courts of first instance to adopt this method, and it has to be specifically mentioned that circumstances in the present case were extraordinary

'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

Top Headlines: Mallya faces eviction; Microsoft to buy Activision Blizzard

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

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

Mallya can be evicted from London home over unpaid loan: UK court

Meanwhile, Mallya is wanted in India to face charges of fraud and money laundering amounting to an alleged Rs 9,000 crores related to loans made to his now-defunct Kingfisher Airlines

'Banks recover Rs 13k cr from asset sale of defaulters like Mallya, Nirav'

FM Sitharaman said this while replying to a discussion on the second batch of Supplementary Demands for Grants which was approved by the Lok Sabha

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

Contempt matter involving Mallya to be dealt with finally on Jan 18: SC

The contempt matter against Vijay Mallya has to see light of day at some stage and the process must get over, says SC

'Waited for long', SC to decide punishment for Vijay Mallya in Jan

The bench said the process to award sentence to Mallya in the contempt of court matter must get over, as the top court has waited sufficiently for long

SC to begin hearing on Vijay Mallya's sentencing in contempt-of-court case

The Supreme Court said it will begin hearing on sentencing Vijay Mallya in a contempt of court, in which he was held guilty in July 2017.

Vijay Mallya's bankruptcy: What it means for fugitive businessman, lenders

As per British law, a bankruptcy trustee takes charge of a bankrupt person's financial and physical assets

UK court declares Vijay Mallya bankrupt for Indian banks to realise debt

The Indian banks, represented by the law firm TLT LLP and barrister Marcia Shekerdemian, had argued for the bankruptcy order to be granted in favour of the Indian banks