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
An open offer for acquisition of additional stake in a listed company can move forward only after issuance of 'observations' by Sebi.
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.
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
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.
'I don't think it is going to be easy for India to get him back.'
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.
'My inner instinct tells me that RCB have the best chance to go for the IPL Trophy. Onward and Upward. Best of luck.'
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.
Sherna Gandhy's tongue-firmly-in-cheek, look at the King of Good Times.
ED has approached the MEA seeking initiation of deportation proceedings against liquor baron Mallya
Virat Kohli lifts IPL title finally -- No. 18 meets destiny on the 18th year
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.
The posters carried the caption "Modi ka asli pariwar" (real family of Modi) with 'Bhartiya Yuva Congress' written at the bottom.
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.
42 years of World Cup triumph: A Day that made Indian cricket what it is
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.
'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.
The Enforcement Directorate (ED) has earmarked assets worth about Rs 15,000 crore that will be restored to victims of real estate, Ponzi and other frauds across India during the current financial year. The agency has been "aggressively" initiating this provision for restitution since last year to ensure rightful claimants duped by financial crime get their dues. The ED has already restored Rs 31,951 crore worth of assets under this provision, including Rs 15,201.65 crore from 2019-21 in cases related to Vijay Mallya, Nirav Modi and the National Spot Exchange Limited (NSEL). The ED Director has issued directions to all regions to actively work on cases marked for restitution of assets worth Rs 15,000 crore during the financial year 2025-26.
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.
The Supreme Court on Friday dismissed a plea by beleaguered businessman Vijay Mallya challenging the proceedings in a Mumbai court to declare him a fugitive economic offender and confiscate his properties. The apex court dismissed the petition for non-prosecution after the counsel representing Mallya submitted that he was not getting any instructions from the petitioner in the matter. "The counsel for petitioner states that the petitioner is not giving any instructions to the advocate for the petitioner.
All praise for his franchise owner, Vijay Mallya, Royal Challengers Bangalore cricketer A B de Villiers said the liquor baron is the 'Mr Smart' of the team.
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