Frequent travellers flying Kingfisher Airlines can now avail a special scheme under which the airliner will offer free tickets to persons taking five one way trips.
An official request has been made to the CBI to get a notice issued through its Interpol wing
RBI rule, applicable prospectively, also for non-group guarantors.
The Indian High Commission in London on Thursday welcomed the Westminster Magistrates' Court ruling in the extradition case of diamond merchant Nirav Modi, wanted in India to stand trial on charges of fraud and money laundering related to the Punjab National Bank (PNB) letters of undertaking (LoUs) scam case. A senior diplomat at India House said the judgment, which found a prima facie case against the accused, paves the way for the government of India and the high commission officials to liaise with the UK authorities on the next stages of the procedural matters for his early extradition to India. "The judgment paves the way for the government of India, including the High Commission of India in London, to liaise with the UK authorities on the procedural matters," said the diplomat at the High Commission. "As with previous extradition cases, we will press on with the next steps," he said.
Kingfisher Airlines has launched two fixed-price schemes, the King Saver Personal and the King Saver Corporate.
Beleaguered businessman Vijay Mallya on Thursday told the Supreme Court that banks have no right over the information of his overseas movable and immovable assets as he was an NRI since 1988.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
The special court on Monday rejected Kingfisher's plea challenging ED's claim that Rs 430 crore (Rs 4.3 billion) was siphoned off and used to acquire properties abroad.
Ernst and Young, advisers to Air Sahara, had valued Air Sahara at between $750 million and $1 billion.
Vijay Mallya is accused of money laundering and violating the FEMA.
Kingfisher Airlines has launched its operations with twice daily service on the Mumbai-Bangalore sector. The airline will increase its service to thrice a day from May 20. Flights on the Delhi Bangalore sector are scheduled to commence from June 6.
Private airlines owe a total of Rs 710.14 crore to the AAI.
Vijay Mallya has lost control of his companies.
Liquor baron Vijay Mallya on Thursday said the acquisition of Air Sahara by Jet Airways was expected and it would not affect his Kingfisher airlines as it was doing "well".\n\n
The 63-year-old former Kingfisher Airlines boss, an avid cricket fan, is wanted in India on fraud and money laundering charges amounting to an alleged Rs 9,000 crores.
UB Group Chairman Vijay Mallya is no longer a member of India's 100 Richest club, even as fortunes of the country's uber-rich have seen a significant growth since last year.
Sebi's order comes close on the heels of Central Bureau of Investigation naming Mallya, Kingfisher Airlines and nine others, in the charge sheet related to the 2015 loan default case.
The order brings an end to the nearly three-year legal battle in the Tribunal by the consortium, comprising 17 banks, to recover the money owed to them by the defunct airlines.
So that salaries can be paid and grounded planes reinstated.
The UK Home Secretary will have to sign Mallya's extradition order within two months. However, Mallya's defence team has a chance to appeal in higher courts in the UK against the verdict.
Kingfisher Airlines has reduced its fares on the Mumbai-Bangalore route to Rs 2,999.
Why doesn't anybody ask the PSU State Bank of India under RTI on how much they are spending on legal fees trying to recover money from me in the UK when I have offered 100 per cent payback in India, asked Mallya.
The debt-laden Kingfisher Airlines stopped operations in October 2012.
The Centre on Monday told the Supreme Court that it is taking all measures to extradite fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines from United Kingdom, but the process is being delayed due o some legal issues involved in the matter. A bench of Justices U U Lalit and Ashok Bhushan posted the matter for further hearing on March 15, after Solicitor General Tushar Mehta sought some time to file report on the status of extradition of Mallya. At the outset, Mehta shared a letter of the ministry of external affairs' official Devesh Uttam written to him on the status of extradition of Mallya from the United Kingdom.
Liquor baron Vijay Mallya's Kingfisher Airlines, which plans to launch its operations from May 9, plans to float a public issue in the next 18 months to two years, a top company official said on Friday.
The UB group's Kingfisher Airlines, which is planning to launch operations in May, announced the signing of deals to purchase three Airbus A-319 aircraft.
Embattled liquor baron Vijay Mallya, who lost his UK high court appeal against an extradition order to India, has said that he is "disappointed" with the ruling but will continue to seek legal remedies as advised by his legal team. The 64-year-old former Kingfisher Airlines boss reiterated that he has repeatedly offered to pay the Indian banks the loan amount owed by his now-defunct airline, an offer which the banks have rejected.
The results are required to be disclosed by listed companies on stock exchange platform for benefit of investors.
Vijay Mallya left India on March 2, presumably for London.
At a hearing before Master David Cook at the Queen's Bench Division of the court, Mallya's legal team sought a dismissal of the interim order.
Friday's hearing is expected to be presided over by Chief Magistrate Emma Arbuthnot, the same judge who had ordered the extradition of former Kingfisher Airlines boss Vijay Mallya last December.
The 62-year-old former Kingfisher Airline boss' defence team, led by Clare Montgomery, opened the day by branding the government of India's evidence presented in the case as "utterly unfounded".
The employees in Delhi on Monday spearheaded an indefinite hunger strike and called on colleagues nationwide to join in the protests with their families at Jantar Mantar.
Kingfisher Airlines said it would "vigorously challenge" the bank's decision.
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