Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
Banks are seeking an order that Mallya should appear in person before the court.
Vijay Mallya had indicated last month that he wanted to move to the UK to be closer to his children.
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
It is also testing a concept sourced in Australia, storing local fruit in an ice dispenser, freezing it and offering it to consumers as a sorbet without any artificial sweeteners or flavours.
There are NPAs on account of the industrial downturn in sectors like steel, infrastructure and power.
The association also wondered how the brand value of Kingfisher was considered as a collateral while sanctioning a loan, and alleged that even when RBI knew that this was a "deliberate default", no action was taken by the banks.
Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
Vijay Mallya, the embattled chairman of the UB Group, is not likely to be immediately named a wilful defaulter by the United Bank of India.
'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.
The board of directors will review the position of Vijay Mallya, under self-exile in Britain, at its next meeting on August 12.
If we don't want small Indian wineries to disappear, it's worth supporting them by buying and drinking their wines, says Alok Chandra.
The Attorney General said that Mallya has not disclosed full details of his assets.
Five years after the Dutch brewer took 37.4% in Vijay Mallya's UB, it has bought another 1.35%.
Mallya said he was being advised by lawyer Harish Salve.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
Formula One was accused of sending out a mixed message on alcohol at the Monaco Grand Prix on Friday by giving extensive publicity to drinks brands while campaigning for road safety.
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
- I think it's a 'No' at this point of time, purely based on the whole negative aura that has been generated
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
The bankers also alleged that the Rs 594-crore claim at this point of time is a clear-cut tactics of UBHL to delay the process of justice, knowing fully well that the case is on the verge of disposal.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
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.
Mallya, once known as the "King of Good Times" for his flamboyant lifestyle, has until Friday to appear before an IDBI committee to explain why he should not be declared a "wilful defaulter".
He has also said that the overall mood of the Indian consumer remains subdued
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
United Spirits had a tough time in recent past due to management related issues. Going ahead, corporate governance is a big challenge, say experts.
West Indies are two-time World T20 champions but the flamboyant Chris Gayle feels "it will be difficult" for the Caribbean islands to regain their glory days in Test cricket in the near future. One of the most dashing batsmen of his time, Gayle has two triple hundreds in the longest format with 7214 runs in 103 games. His RCB jersey no, 333, is his highest Test score. West Indies have lost their last two Test series against India (at home) and Pakistan (away).
Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines
Few top honchos of India Inc did very well in 2014.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
The Survey shows fiscal consolidation despite slowdown in growth.
A crafts NGO in New Delhi is giving wings to India's first all-women puppeteer group, discovers Geetanjali Krishna.
Some investors warned of a coming British or even global recession as sterling collapsed to hit its lowest since 1985.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
The event will be telecast on MSM's sports channels -- Sony Six and Sony Six HD in English - and Sony Aath, the network's only regional channel, in Bengali.
Uncorking the business of vintage wines and spirits.
As his personal wealth started booming, Mallya went on a buying spree.
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