The enforcement agency is looking to ensure that no big deals or transactions, such as the one Mallya struck with Diageo for Rs 500 crore, take place.
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
Bankers gave money to Mallya's airline though it was not enough to even service existing debt?
...He'd be running a successful aviation business, says Anjuli Bhargava.
Liquor baron takes on to Twitter again to lash out at the media for trying to hunt him; asks them not to waste their efforts
Vijay Mallya, who played a crucial role in building RCB's core identity -- most notably by backing a young Virat Kohli, and later signing superstars like Chris Gayle and AB de Villiers -- shared a series of heartfelt messages after the final.
Following the arrest of fugitive businessman Mehul Choksi by Belgian authorities on Saturday, Vaibhav Khuraniya, one of the complainants in a fraud case against Choksi, said that it may not be easy to bring him back to India due to legal complexities involved in extradition.
An open offer for acquisition of additional stake in a listed company can move forward only after issuance of 'observations' by Sebi.
In a meeting later this week, bankers will insist on a commitment on funds. But many say Kingfisher better not fly again under a promoter who just blew money trying to run a glamorous airline.
Buyer actor-producer Sachiin Joshi, who owns Viiking Media, has reportedly bought the villa, spread over 12,350 sq ft or three acre at Candolim.
According to the RTI reply, absconding diamantaire Choksi's company Gitanjali Gems tops the list of the defaulters with a whopping amount of Rs 5,492 crore. This is followed by REI Agro with Rs 4,314 crore and Winsome Diamonds with Rs 4,076 crore. Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically written off and Kudos Chemie Ltd with Rs 2,326 crore, Ruchi Soya Industries Limited, now owned by Ramdev's Patanjali, with Rs 2,212 crore and Zoom Developers Pvt Ltd with Rs 2,012 crore being the other companies to default on the payment. Mallya's Kingfisher Airlines figures in the list at number 9, with outstanding of Rs 1943 crore which have been technically written off by the banks.
We tried our best to recover money from Vijay Mallya: Arundhati Bhattacharya
The hacker, called 'Legion', has threatened to expose more financial details of Mallya in coming days
Diwan Arun Nanda, founder of Rediffusion and one of India's last great admen, changed the industry with memorable campaigns, political ads, and a rare mix of sharp strategy and creativity.
This property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
Leaving behind the luxe life and dapper suits of foreign banks, Puri and his team at the upstart venture shared fizz drinks, wore a footwear brand popular among the middle class, shared a rat-infested space in a yet-to-be gentrified work space to plan and execute it.
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.
ED has approached the MEA seeking initiation of deportation proceedings against liquor baron Mallya
Sherna Gandhy's tongue-firmly-in-cheek, look at the King of Good Times.
'My inner instinct tells me that RCB have the best chance to go for the IPL Trophy. Onward and Upward. Best of luck.'
'I don't think it is going to be easy for India to get him back.'
Mallya understood, astutely, that the Dhingras were very keen to acquire Berger Paints. He upped his asking price. The figure Vijay asked for was found to be much more than what Kuldip and Gurbachan had anticipated. A fascinating excerpt from Sonu Bhasin's Unstoppable: Kuldip Singh Dhingra And The Rise Of Berger Paints.
ED is probing Mallya and KFA under anti-money laundering laws in connection with a Rs 900 crore (Rs 9 billion) loan default of IDBI bank
ED has approached the MEA seeking initiation of deportation.
Senior lawyer M V Kini agrees to fight their case for free, given their financial condition
The firm has advised United Spirits Ltd's shareholders to vote against the proposal to re-appoint Mallya as director on the board.
The posters carried the caption "Modi ka asli pariwar" (real family of Modi) with 'Bhartiya Yuva Congress' written at the bottom.
'We urge the Modi government to rise above rhetoric and face the truth.'
Frustrated over not getting salary for last 10 months, Kingfisher Airlines employees on Wednesday asked the government to prosecute promoter Vijay Mallya and threatened to disrupt IPL matches.
UK's Crown Prosecution Service will be arguing the case against Mallya on behalf of the Indian government.
'I don't think government needs to arrest him'.
The court had earlier issued non-bailable warrants against Kingfisher Airlines, its chairman Mallya and A Raghunathan, on the ground of dishonouring the two cheques
Supreme Court judge Justice Rohinton Fali Nariman on Monday recused himself from hearing liquor baron Vijay Mallya's petition against the confiscation of his properties by the Enforcement Directorate.
Virat Kohli lifts IPL title finally -- No. 18 meets destiny on the 18th year
The quantum of punishment is expected to be pronounced on May 5 by the court.
The company said it will appoint a new Chairman at the next Board meeting.
The order on the quantum of punishment was adjourned for the fourth time.
'There is an bligation on Finance Minister and Prime Minister to take the country into confidence'.
Mallya and UBHL now hold a little over 3.3 per cent in USL.
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