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Kingfisher Finvest

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Banks told to recover Rs 6,203 crore from Mallya

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. The Debt Recovery......

Banks reject Mallya's proposal to pay back Rs 4,000 crore

Indian banks on Thursday rejected the loan repayment offer made by Vijay Mallya. A consortium of banks led by State Bank of India on Thursday rejected the proposal in the current form offered by......

Why banks may not buy Mallya's settlement offer

The promoter of the defunct Kingfisher Airlines would have to show specific assets and money for repayment. Liquor baron Vijay Mallya on Wednesday told the Supreme Court that he would pay Rs 4,000......

Mallya offers to repay Rs 4,000 cr to banks by Sep

Liquor baron Vijay Mallya and Kingfisher Airlines on Wednesday submitted in a sealed cover a proposal for repayment of Rs 4,000 crore (Rs 40 billion) out of the loan amount of Rs 6,903 crore (Rs......

Mallya received part of Diageo funds in offshore accounts

In 2012, Diageo had paid Rs 3,635 crore to Mallya for his 19.3 per cent stake in United Spirits. Vijay Mallya, chairman of UB group, received part of the proceeds from the sale of shares in United......

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