In a conversation with Business Standard after an eventful annual general meeting of Kingfisher, he clears the air on many aspects.
Q&A with UB Group chairman Vijay Mallya on Diageo deal
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Justice Ram Mohan Reddy asked Mallya to appear in court and bring along his passport.
Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
He manages to get back a majority of pledged shares.
Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank, apparently managed to leave the country in spite of a look-out notice against him by CBI.
With this, Heineken's stake has risen from 39% to 42.2%.
'I have been most pained at being painted as an absconder'.
Beleaguered businessman Vijay Mallya had made at least four trips abroad before his controversial March 2 departure since a look-out notice was issued by CBI on October 16 last to know his movements.
The money was paid to Mallya in two tranches in his offshore accounts.
Here's the full text of the statement
Most analysts, who have long stopped covering UB stocks because of continuing troubles, were surprised to see a sudden spike of up to 20 per cent in their share prices on Tuesday.
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