As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
The judge confirmed that the bulk of the evidence submitted by the Indian authorities will be admissible
Sebi has now proposed that the Companies Act should also clearly mention that a person should vacate the office of a director if it orders his or her disqualification.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
The summons was issued to Mallya under provisions of the Prevention of Money Laundering Act in connection with the IDBI case.
Mallya in a tweet distanced himself from an interview that quoted him saying that time was not 'right' to return to the country
The agency is looking at alleged "diversion of funds and financial reporting frauds".
The court has now put up the matter for further hearing on October 4
Mallya, who has been out on bail since Scotland Yard executed an extradition warrant in April this year, will be in the dock for the duration of the trial -- scheduled to end on December 14.
Modi, a diamond jeweller whose designs have been worn by Hollywood stars, is now believed to be running a new business, which describes itself on the UK's Companies House register as a wholesale trader in watches and jewellery and a retailer of watches and jewellery in specialised stores.
It has also said that orders were issued by the courts after hearing the counsels of ED and Mallya, officials said.
A sub-inspector was arrested and dismissed from service for allegedly raping a 23-year-old domestic help at gun point, an incident which evoked strong reactions from political parties here with AAP demanding resignation of Delhi Police chief B S Bassi.
Pai said he was also against 'naming and shaming' willful defaulters of bank loans.
The 62-year-old former Kingfisher Airline boss' defence team, led by Clare Montgomery, opened the day by branding the government of India's evidence presented in the case as "utterly unfounded".
BJP spokesperson alleges that the then Principal Secretary to Prime Minister Pulok Chatterjee would "snatch files" from Dr Manmohan Singh to take it to 10 Janpath, Sonia Gandhi's residence.
'The appellant (Mallya) has five business days to apply for oral consideration. If a renewal application is made, it will be listed before a high court judge and dealt with at a hearing,' a spokesperson for the UK judiciary said.
The proclamation was issued by a special anti-money laundering court on June 14 under Section 82 of the Criminal Procedure Code
Enforcement Directorate is seeking to invoke the India-United Kingdom Mutual Legal Assistance Treaty to extradite Mallya from Britain
Rocky was absconding since the death of Aditya Sachdeva, son of a Gaya businessman, allegedly due to bullet he had fired from his pistol at the car that had overtaken his SUV on the way to Gaya from Bodhgaya on Sunday night.
An enormous amount of black money flows in and out of the banking system and still remains black.
Government's move to hire UK arbitrator follows poor track record of India in extraditing offenders from Britain
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.
ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
Force India co-owner Vijay Mallya has steered his Formula One team through a decade of growth and is looking forward to another, although the 'India' moniker looks destined to be dropped.
Balbinder Singh Dhami, who has played an inspector, for over a year, in The Zee Horror Show, took on the role of a witness on Monday. It was a part he had no experience of.
The apex court directed Mallya, who is currently in the United Kingdom, to appear before it on July 10 to argue on the quantum of punishment in the matter.
'Mallya has offered to pay the original amount.' 'Let us say he means the principal amount and that stands at Rs 5,000 crores.' 'The Indian banks have to ask themselves if they would rather have this 5,000 crores or would have none of it at all,' asks Sudhir Bisht.
Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines
A list of legislators who have brought shame to Nitish in the last 6 months
Speaking to reporters Mallya said, "It will all become clear in court".
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.
TDP's Chandrababu Naidu and YSR Congress chief Jaganmohan Reddy battle it out for power from Kuppam and Pulivendula respectively. Vicky Nanjappa compares the two areas to see how both of them fare.
'The D K Adikesavulu clan is so wealthy, owns so many houses, and has so much jewellery,' notes T V R Shenoy, 'that it did not notice a servant stealing at the rate of Rs 66 lakh every year!'
As Raazi hit theatres, Harinder Sikka -- author of Calling Sehmat, the book on which the film is based -- reveals the thrilling real life story of an Indian spy named Sehmat.
Award-winning lawyer, Claire Montgomery, the Queen's Counsel, is likely to fight the Indian government's attempt to extradite him to India.
Troubles for SpiceJet seem to have piled up and it remains financially strapped.
India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK through a note verbale on February 8
Bihar Chief Minister Nitish Kumar has shown it is possible to form an electoral base with pro-women policies that matter, so why don't other political parties replicate it, asks Devanik Saha.
Bezubaan Ishq is pure drivel, warns Paloma Sharma.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
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