The petition has also made the Ministry of Finance and the bank as parties in the case.
Troubled Force India co-owner Vijay Mallya dismissed speculation of a possible sale of his team to Australian David Brabham or Formula One's former commercial supremo Bernie Ecclestone.
The Supreme Court has rejected an appeal by Vijay Mallya to overturn charges against him for allegedly violating foreign exchange rules, adding to the legal challenges facing one of the country's most prominent businessmen.
Uddhav said there was no point in Modi becoming emotional at a time when people have tears in their eyes.
JSW Steel chairman Sajjan Jindal confirmed that his group is acquiring an IPL side.
'Since CBI directly reports to PM CBI couldn't have allowed without approval from top,' Kejriwal tweeted
'Everyone knows that you including your son won't be able to spend all the wealth that you have earned then why not at least pay the salaries of your employees,' the letter said.
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
Troubled business tycoon Vijay Mallya, on Sunday, asserted that his stepping down as chairman of the United Spirits Ltd will not affect his control in Formula One team, Sahara Force India.
A four-member team led by CBI additional director Rakesh Asthana will apprise British authorities about the finer points of the loan default cases against Mallya. Two senior ED officials are also part of the team.
These are troubled times for the 'King of Good Times', Vijay Mallya. His airline, Kingfisher has been hogging the headlines for all the wrong reasons.
United Bank of India has already declared Kingfisher a wilful defaulter while State Bank of India, Punjab National Bank and IDBI have initiated such a move.
That such a deal can be greeted with celebration in the camps of both buyer and seller speaks volumes about the airline and its recent history, explains T N Ninan.
The 61-year-old flamboyant businessman, already out on bail on an extradition warrant executed by the Metropolitan Police earlier this year, was released on the same bail conditions as before to appear for his trial on December 4.
The Indian businessman, who has a 42.5 percent stake, said there was a possibility of main sponsor BWT getting more involved and changing the team's name.
The low-profile chief of Deepak Fertilisers on Wednesday bought 24.46% shareholding in MCF.
The matter relates to cheques issued by Kingfisher Airlines to GMR Hyderabad International Airport Ltd, which operates Rajiv Gandhi International Airport, towards charges for using the facilities at the airport for Kingfisher Airlines flights
The stock exchanges have raised various concerns mainly about two UB Group firms -- Kingfisher Airlines and United Spirits -- for not providing required disclosures and not adhering to deadline regarding finacial results and the annual general meeting.
A section of the employees of the grounded Kingfisher Airlines on Thursday went on a hunger strike at the Kingfisher House in Mumbai, demanding immediate payment of salaries, which have been pending since last August.
With the launch of Tata AirAsia and Tata-SIA, the added capacity will bring down fares considerably, say observers.
The finance ministry official may have claimed that the ministry does not have information on the loans sanctioned by different banks to Mallya or the details of the guarantee given by Mallya against those loans, but the ministry had responded to questions in this regard in Parliament in the past.
The Supreme Court on Tuesday deferred hearing on Vijay Mallya-owned Kingfisher Airlines' plea challenging Karnataka High Court's order to deposit around Rs 185 crores with the Income Tax Department as tax deducted at source (TDS) from its employees' wages.
India's hottest (not to mention the most-awaited) calendar of the year is launched. And here's who showed up for the fashionable do!
A case has been filed against the airline in Nampally criminal courts in Hyderabad.
The 14 banks, led by State Bank of India, which lent Rs 6,500 crore (Rs 65 billion) to the airline, are now involved in litigation over the money, as Mallya has sued them in multiple courts.
Mallya donated the gold after offering worship and requested temple authorities to use it for gilding the doors at the sanctum sanctorum, Tirumala Tirupati Devasthanams deputy executive officer (temple) Chinnamgari Ramana told PTI.
Is Chiranjeevi the tourism ministry's secret weapon? Why is Vijay Mallya upset with Veerappa Moily? What in-house problem is the railway minister grappling with? All this, and more, in this week's Dilli Gupshup...
Sahara Force India will guard against complacency in Sunday's Brazilian Grand Prix, the final race of the 2013 Formula One season, as the team wants to finish sixth in the constructors' title and the drivers want to sign off on a high.
Bombay high court on Tuesday refused to restrain banks from selling shares of United Spirits pledged as security against loans to Kingfisher.
Brewing billionaire Vijay Mallya's woes seem to be compounding. His flagship spirits arm, United Spirits Ltd (USL), is starting to mirror Kingfisher Airlines.
The acquisition of United Spirits will arm Diageo with a formidable mass-market portfolio, but consumers are up-trading rapidly.
The assurance came a day after a section of employees threatened to disrupt the matches of Royal Challenger Bangalore, owned by Mallya, in the upcoming Indian Premier League.
"I just have to ride out the storm," Vijay Mallya said.
Force India finished sixth in 2014 but spent much of last season calling for cost cuts.
Mallya took a dig at Chaudhuri by saying, while the SBI chairman had all guns blazing on loan recovery, all his guns were blazing on restart and rehabilitation of the airline.
'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.
Inconsistent double points finish has dented Sahara Force India's standing in the championship table, team principal Vijay Mallya conceded on Tuesday, expressing hope that both his drivers will end in the points bracket at the home Indian Grand Prix on Sunday.
Born to a Goan father, with a childhood partially spent in Kolkata -- where he attended La Martiniere school, also Kingfisher chief Vijay Mallya's alma mater -- the Malaysia began his career with another aviation legend, Richard Branson, albeit in a very different business.
Virat Kohli has been appointed the new Royal Challengers Bangalore captain. The vice captain of the India team succeeds the highly respected and successful former RCB captain Daniel Vettori.
A court warrant in India against billionaire Vijay Mallya over his airline business has no repercussions for his Force India Formula One team, deputy principal Bob Fernley said on Sunday.
