ED had claimed that Mallya was summoned on four occasions for questioning in connection with a contract signed in December 1995 with London-based firm Benetton Formula Ltd for promotion of the Kingfisher brand abroad.
Kingfisher Airlines has defaulted on loans of over Rs 9,400 crore obtained from various banks.
'I have been most pained at being painted as an absconder'.
RTI activist Anil Galgali had asked SBI about the total amount of loans given to the beleaguered businessman.
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.
The sweet chemistry between Rajkummar Rao and Dayana Erappa is breaking the Internet, and everyone wants to know who the lovely lady is!
The Insolvencies and Companies Court of London high court on Monday declared fugitive business baron Vijay Mallya a bankrupt person as per UK laws. Legal experts explain what this means for 65-year old Mallya's personal liberties, his legal battle against extradition to India to face trial, and for the consortium of Indian lenders - at whose behest the bankruptcy proceedings were initiated in the UK courts.
A Special Court for Economic Offences has ordered summons to be issued against him over dues from his Kingfisher Airlines to the I-T Dept.
Former captain and Cricket South Africa Director of Cricket Graeme Smith will take the knee along with players and staff in support of the Black Lives Matter (BLM) movement during the 3TC Solidarity Cup at the Centurion. Smith said he backed national team pacer Ngidi Lungi on the BLM movement which gathered momentum following the death of African-American George Floyd.
Here's a look at what your favourite celebrities are tweeting.
Lenders to Kingfisher Airlines, led by State Bank of India, had moved courts to get residual rights over these shares after Srei recovered the collateral from the defunct Kingfisher Airlines, making it difficult for Srei to sell the shares, said a legal source.
Probe agency to set up special software to probe money trail in the case.
Mallya holds a 32.86 per cent stake in United Breweries, after having ceded control to Dutch brewer Heineken in December last year.
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.
Aishwarya Sushmita, who hails from Darbhanga, Bihar, talks about her journey, what she likes about modeling.
Mallya now has 14 days from February 4 to apply for leave to appeal to the UK high court.
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.
The court had on January 4 declared Mallya a proclaimed offender for evading summons in a FERA violation case after noting that he failed to appear before it despite repeated summonses.
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.
The move also invalidates, albeit temporarily, Mallya's repeated assurances to the court and the public of a revival plan for the carrier.
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
The Bad Boy Billionaires series has a lot in common: The three billionaires' hefty ambition, dangerous arrogance and untrammeled power, observes Dhruv Munjal.
Meet the gorgeous former Kingfisher model who's set to make her acting debut with Mehra's next film.
Wanted diamond merchant Nirav Modi, whose extradition to India was ordered in April by UK Home Secretary Priti Patel in the estimated USD 2-billion Punjab National Bank (PNB) scam case, has lost the first stage of his extradition appeal in the high court in London.
Vijay Mallya, who is being pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines, has taken steps that could see India disappear from the name of his Formula One team.
A spokesperson in the UK high commission said the issue is "confidential" and added: "We cannot estimate how long this issue will take to resolve." "Vijay Mallya last month lost his appeal against extradition, and was refused leave to appeal further to the UK Supreme Court. However, there is a further legal issue that needs resolving before Mr Mallya's extradition can be arranged," the spokesperson said.
The total amount of penal interests charged from the defaulting parties stood at about Rs 115 crore.
The Kingfisher Calendar girl is all set to star opposite Power Star Pawan Kalyan in his next movie The Shadow.
The ED has registered a money laundering case against Mallya and others based on an FIR registered last year by the CBI.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Kingfisher Premium has opened up its 'World' with an online consumer initiative to select the "face of Kingfisher" giving the winner access to all kinds of goodies.
Nagaland model Katheleno Kenze, who was featured in Kingfisher Swimsuit Calendar 2014, talks about her modelling career and offers fitness, style and career tips.
Vijay Mallya has lost control of his companies.
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".
Nothing has ever been done to make bank officers accountable, except for the rare actions when there is a public controversy, argues Debashis Basu.
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.
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.
Sources said Mallya has also been asked to furnish documents related to his personal finances
Here's the full text of the statement
