In January, Sebi had barred Mallya and six former officials of USL from securities markets in a case related to illegal fund diversions.
The official liquidator said it would be in public interest that these properties are restored to him so that the interest of all creditors, including the applicant banks, can be "safeguarded".
The world's largest liquor maker Diageo Plc on Tuesday made an open offer worth Rs 11,448.91 crore (Rs 114.48 billion) to acquire an additional 26 per cent stake in United Spirits Ltd.
The development comes after a recent notification from the Union home ministry, which has permitted companies to resume manufacturing operations and reopening of shops in red, green and orange zones with certain riders.
"It was a social event and we did not talk politics there," he said on his interaction with Modi.
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
'It could take at least a couple of years for his case to go through the entire run of the British judiciary.'
Confiscation of the tycoon's properties will start from February 5.
RBI, Enforcement Directorate to see if money was sent to tax haven
What will the Centre and the Tamil Nadu government do to answer the queries and fears of investors who will want to be doubly sure they would not be harassed at a later date, as has been happening to Sterlite, should be interesting to watch, says N Sathiya Moorthy.
SBI-led consortium expects to make over Rs 13,000 crore from sale of assets
Banks tighten hold on Mallya for defaults on KFA loans
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.
CSD was created to provide easy access to quality products of daily use, at prices less than market rates to the soldiers, ex-servicemen and their families
The Eclipse, with its vanilla and fruity palette, is easy to drink on the rocks, says Ritika Kochhar.
'I am indirectly related to VG Siddhartha. Excellent human and brilliant entrepreneur. I am devastated with the contents of his letter,' Mallya said on Twitter.
Following the Supreme Court ruling against liquor being sold within 500 metres of state and national highways, the infamous Indian jugaad is in play once again. Veenu Sandhu, Nikita Puri, Ranjita Ganesan & Avishek Rakshit find out how India is coping.
Troubled Indian businessman Vijay Mallya is set to make a rare public appearance in the United Kingdom on Friday when he is scheduled to attend the team bosses press conference ahead of the Formula 1 British Grand Prix.
Poll violence has so far claimed two lives in West Bengal and left 371 persons injured in 398 incidents, the Election Commission said on Monday.
Kumaraswamy, who also holds the finance portfolio, said he has limited the loan amount to Rs 2 lakh, as it was 'not right' to waiver higher value crop loan.
If the absconding jeweller is traced in Britain, the extradition request to the UK government could follow a similar course as the case of embattled liquor tycoon Vijay Mallya
'You won't find such an apathetic indecisive party in the world.'
Liquor-baron Vijay Mallya today virtually asked the Gujarat government to lift prohibition in force in the state.
A Delhi court has issued notice to liquor baron Vijay Mallya on ED's plea seeking to withdraw the exemption granted to him from personal appearance in a case for allegedly evading summons in connection with purported violation of foreign exchange rules.
The author finds out if India's love affair with Old Monk has ended
Terming as a "miracle" liquor baron Vijay Mallya's success at the auction of his great grandfather Mahatma Gandhi's personal belongings in the United States, Tushar Gandhi on Friday said he was delighted that the memorabilia will come back to India.
ED has approached the MEA seeking initiation of deportation.
Now that the Telangana state has taken birth with a chief minister at the helm, Vicky Nanjappa / Rediff.com gives a lowdown on the changes that people, who were once part of the united Andhra Pradesh, will go through
International air travel of passengers has been permitted in a limited manner under the Vande Bharat mission. Further opening-up will take place in a calibrated manner.
Fresh guidelines were issued by the government on Wednesday for enforcing the second phase of the coronavirus lockdown, with the Union home ministry barring all kinds of public transport and prohibiting opening of public places during this period.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
Vijay Mallya-controlled UB Group's open offer for acquiring stake in liquor firm Shaw Wallace will begin on April 18, the manager to the offer said on Thursday.
Liquor firms introduce innovative packaging to push sales and save costs.
The Swaraj India chief alleged that the raid was conducted at his sisters' hospital-cum-nursing home premises with an intent to "intimidate" and "silence" him as he had launched an agitation for fair crop price for farmers and against liquor shops in that city in Haryana.
It is likely the government will divide the country into different zones during the proposed extended period of lockdown and might permit a few services to function in safe zones.
Liquor baron Vijay Mallya is mulling to divest around 49 per cent stake in United Spirits Ltd's UK-based wholly-owned subsidiary Whyte & Mackay (W&M), which it acquired for 595 million pounds in May 2007.
"They have beer business in India, which has a conflict of interest as Kingfisher is the largest beer brand in the country. I am ready to buy back," Mallya said in Baramati while opening United Spirits' Baramati Four Seasons winery. Earlier in January, a consortium of Carlsberg and Heineken had acquired S&N for 7.5 billion pounds. S&N had 37.5 per cent stake in the UB Group. As per the takeover agreement, Heineken was supposed to continue to hold S&N's business in the UK.
The United States leads the world with more than 1.6 million confirmed coronavirus cases, according to a tally by Johns Hopkins University.
The reward came exactly a month later. Liquor baron and expelled Telugu Desam Party MP from Chittoor D K Adikesavalu Naidu was appointed chairman of Tirumala Tirupati Devesthanams, the world's richest Hindu shrine, for having shown his loyalty to the United Progressive Alliance government during the vote of confidence in the Lok Sabha on July 22.
