The banks have asked the court to demand his return and to impound his passport.
Probe agency to set up special software to probe money trail in the case.
The order on the quantum of punishment was adjourned for the fourth time.
Liquor baron Vijay Mallya's passport has been suspended.
Mallya is the first Indian ever to become the owner of a Formula One Team. The Netherlands-based Mol Family and Mallya have formed a consortium that is now the joint owner of Force India Formula One, which is also India's first-ever Formula One Team and represents India's first, truly global sports foray.
Diageo gets assurance, Heineken may seek one, too.
The Enforcement Directorate (ED) had also published in leading dailies the court-issued proclamation against Mallya for appearance before the special PMLA court.
Beleaguered liquor baron Vijay Mallya on Wednesday announced he will retire as chairman of Sanofi India and will not seek reelection as a director of the drug maker.
Mallya in a tweet distanced himself from an interview that quoted him saying that time was not 'right' to return to the country
The ED has pressed charges under various sections of the Prevention of Money Laundering Act against Mallya and others named in the CBI complaint
DIAL has filed four cases in June 2012 against Mallya over KFA's cheques totalling Rs 7.5 crore not being honoured.
Bangalore Royal Challengers' owner Vijay Mallya on Wednesday scotched speculation over the fate of the team's bowling coach Venkatesh Prasad, saying he was fully supportive of the former Indian medium pacer.
Social media was in a frenzy after it emerged that Indian High Commissioner Navtej Sarna, who was one of the special guests at the event on Thursday evening to mark the launch of Suhel Seth's new book 'Mantras for Success: India's Greatest CEOs Tell You How to Win', was also present at the event when the business tycoon arrived.
Sources said India expects forward movement in Mallya's extradition from the United Kingdom following the talks.
First case filed after new norms come into force, NCLT admits plea.
As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
The 225-seater plane was later converted to 25-seater plane by Vijay Mallya for his personal use.
Emergency Certificate is specifically meant to provide a travel document to an Indian citizen to return to India
Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman
Kingfisher Airlines has defaulted on loans of over Rs 9,400 crore obtained from various banks.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
However, it is understood that the liquor baron has suggested his legal team can help ED in taking the probe forward.
Politely decline to be prime minister, and hand the baton to someone else in the BJP -- like Sonia did to Manmohan Singh -- advises Krishna Prasad.
ED's application, filed through prosecutor N K Matta, had requested the court to direct the accused for his physical appearance in the case which is at its final stage.
The firm has advised United Spirits Ltd's shareholders to vote against the proposal to re-appoint Mallya as director on the board.
Vijay Mallya faces a sensitive diary clash this week as the season-opening Australian Formula One Grand Prix coincides with an appointment to appear before Indian investigators.
Mallya is at present based in London and extradition proceedings are on to bring him to India as the ED and the CBI are probing parallel criminal cases against him for an alleged bank loan default of Rs 9,000 crore.
I don't disown my past association with Vijay Mallya but that does not mean I endorse his monetary misdemeanours, a feisty Divya Spandana tells Subhash K Jha.
The treaty can be invoked in a criminal probe case seeking the transfer of persons, including persons in custody, for the purpose of assisting in investigations or giving evidence
Asked to quit United Spririts' board, Vijay Mallya struck a defiant note saying he 'intends' to continue as its Chairman.
The judge confirmed that the bulk of the evidence submitted by the Indian authorities will be admissible
If the offer is accepted, banks will have to take a haircut of about 30 per cent or Rs 2,500 crore of the total receivables of over Rs 9,000 crore.
While it will most certainly impact his personal credit record, it will also have repercussions for his other businesses and companies he is associated with.
The contempt petition in the Karnataka High Court has been filed only against liquor baron Vijay Mallya alleging breach of an oral undertaking given before the Debt Recovery Tribunal that they would not alienate unencumbered assets nor deal with them, Counsel for a consortium of banks clarified on Wednesday.
It had issued warrants directing the police to produce Mallya before it.
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.
Mallya, who is mired in a huge controversy for leaving India on March 2 in the middle of a massive loan default probe, was quoted as having said in an email interview to the Sunday Guardian published on March 13 that time was not 'right' to return to the country.
Delhi high court turned down on Monday the plea of liquor baron and Rajya Sabha member Vijay Mallya for quashing of criminal proceedings in a trial court for alleged 'wilful' disobedience of summons issued by the ED seven years ago.
Mallya and UBHL now hold a little over 3.3 per cent in USL.
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.
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