Mallya group company files for insolvency

First case filed after new norms come into force, NCLT admits plea. The National Company Law Tribunal admitted on Wednesday an insolvency petition filed by UB Engineering Ltd, part of the Vijay......

Insolvency system gets going, 600 professionals sign up

Delhi-based Nilesh Sharma, among the first IPs, said while the framework is in the initial stage and might have teething trouble, the opportunity is immense in the long run.  Around 600......

'King of good times' Mallya's exit brings fizz to UB stocks

The latest round of problems began last week with the minority shareholders of United Spirits Ltd trouncing proposed financial dealings of the company with its erstwhile promoter Mallya, who......

From bad to worse: Mallya loses posts at Kingfisher, MCFL

In a double-whammy for flamboyant businessman Vijay Mallya, the government has annulled his re-appointment as managing director of Kingfisher Airlines while he also had to quit from board of......