If the Murari Lal Jalan-Kalrock Capital combine can script a turnaround, it will have pulled off a bigger coup than Ajay Singh did with SpiceJet in 2014.
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Two banks accounts were placed under attachment by Enforcement Directorate sometime back.
The bench also said there was merit in ED's contention that while the "driving force behind the companies" (Modi) was not submitting to the agency's jurisdiction, his companies cannot be given any discretionary relief.
Raising the matter during Zero Hour, Azad said everyone knew Mallya "could flee any day" and the investigating agencies should have seized his passport and taken steps to restrict his movement.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
Demonetisation was aimed at removing black money and corruption, but undisclosed income keeps being unearthed from various parts of the country.
What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper rides.
'He always seemed one of us, part of the great aspiring middle class -- his values, his simplicity, even the intellectual snobbery which he could barely hide,' observes Mousumi Sengupta.
The agency, sources said, has issued the notices under the Prevention of Money Laundering Act (PMLA) and they have summoned the accused to examine them and record their statements.
The finance ministry official may have claimed that the ministry does not have information on the loans sanctioned by different banks to Mallya or the details of the guarantee given by Mallya against those loans, but the ministry had responded to questions in this regard in Parliament in the past.
'Election years tend to see high government expenditure on unproductive schemes, though that money sloshing around can boost private consumption.' 'Again, it can mean higher inflation,' explains Devangshu Datta.
India is Asia's other bad debt headache.
The Enforcement Directorate on Friday arrested the CEO of a defaulting firm on money laundering charge in connection with its probe in the National Spot Exchange Limited scam case.
Tata said last week it was "committed to seeking all credible options in an urgent manner"
Congress president Sonia Gandhi's close aide Vincent George on Monday got some relief from the Delhi high court which stayed trial court proceedings against him in a 12-year-old disproportionate assets case.
The government last month had taken over the JuD's famous Muridke Markaz and Lahore's headquarters of Masjid Al Qadsia in Chauburji.
A Communist Party of India-Marxist leader in Marxist-ruled Tripura who lay on a bed of cash withdrawn from his own bank account to fulfil a long cherished dream, is in deep trouble with his party.
Both the government and RBI have to complement each other if the economy has to revive quickly.
Here is the glimpse of the political turn of events in the state
The clean-up process begun by the Reserve Bank of India runs the risk of spiralling out of control.
Former actress Mamta Kulkarni was on Saturday named as a prime accused in a multi-crore drug racket linked to drug baron Vicky Goswami, with Mumbai police claiming that she was actively involved in the illicit activities and would seek her extradition from Kenya.
The state governments of Karnataka and Maharashtra have also moved to exert more control on app-based taxi aggregators.
Security officials on Wednesday revealed that suspected operative of Pakistan's spy agency Inter-Services Intelligence Mohammed Zaheed Hussain, who was arrested days before the twin blasts in Chennai, was part of a larger mission to target critical national assets and some foreign establishments.
The ED had recently conducted raids against her and her husband in connection with a Rs 8,000 crore money laundering case.
The SC bench directed the court-appointed forensic auditors to complete their detailed investigation on divergence of home buyers money by Amrapali group before March 22 and list the matter for hearing on March 24.
The high court also took note of Khattar's statement on Friday in which he blamed anti-social elements for the violence, which also spilled over into neighbouring Punjab, Rajasthan and Delhi.
The United States is not taking at face value Pakistan's actions against terrorists outfits.
The data shows the average room rate of two-star hotels increased by 8.5 per cent in FY18, even though it lagged on occupancy at 61.8 per cent, down 1.4 per cent year-on-year
The highest number was reported from Meerut zone where 569 encounters took place.
As India's international role expands, so must our capabilities, says Brigadier Gurmeet Kanwal (retd).
Hinduja Brothers are keen to invest in Indian Infra projects.
Commerce and Industry Minister Nirmala Sitharaman told the Rajya Sabha 'the government is absolutely sensitive and seized of the matter'.
Lalu's daughter was grilled by the ED on Tuesday for about eight hours.
'The Andaman and Nicobar Islands are an asset that any country aspiring to become a major power would give anything to own.' 'It is disappointing that India has not capitalised on this potential,' says Vice Admiral Premvir Das (retd).
'There will be much for President Trump and Prime Minister Modi to discuss including growing Chinese military cooperation with Pakistan, which heralds a new attempt by China and Pakistan to neutralise India's influence in its Indian Ocean neighbourhood,' notes Ambassador G Parthasarathy.
The judge said the attitude of the accused left no option for the court, but to freeze Musharraf's bank accounts and confiscate his property.
President Trump reacted sharply to the lawsuit and asserted that he would 'not settle' the case, and accused the Opposition Democrats of continuing with their 'witch hunt' against him.
Congress general secretary Priyanka Gandhi Vadra visited Bijnor district where she met families of two persons killed in the violence. Internet services have been suspended in several areas till Monday, while prohibitory orders remained in force across the state.
What transpired between O Panneerselvam and Prime Minister Narendra Modi in Delhi? R Rajagopalan reveals.
The lawsuit accuses Trump of "an unconstitutional and unlawful scheme".
