The Supreme Court on Monday issued a notice to industrialist Vijay Mallya on a plea by a group of 17 lending banks for contempt action against him... ...http://www.deccanherald.com/content/560198/apex-court-notice-mallya-contempt.html
The Supreme Court on Monday issued notice to liquor baron Vijay Mallya and his defunct Kingfisher airlines on a contempt petition moved by a... ...http://www.business-standard.com/article/companies/mallya-held-in-contempt-for-not-disclosing-assets-116072600020_1.html
Kingfisher Airlines (KFA) Limited, a holding company of Vijay Mallya, said on Monday that it is not liable to repay over 6,000 crore of debt to the... ...http://www.thehindubusinessline.com/economy/logistics/kingfisher-says-it-is-not-liable-to-repay-6000-cr/article8898131.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication
As the lenders have breached terms & conditions of MDRA between both parties ...http://www.business-standard.com/article/current-affairs/not-liable-to-repay-rs-6-000-crore-debt-due-to-breach-of-terms-kingfisher-airlines-116072501249_1.html
However, the auction, if successful, will only help the lenders recover about 14 lakh from the over Rs 9,000 crore Mallya owes the banks. ...http://www.dnaindia.com/money/report-lenders-to-auction-8-kingfisher-cars-on-august-25-2237640
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