Pay Dues Honourably Or Face Coercive Action: Arun Jaitley to Mallya

Press Trust on India | Monday March 28, 2016

In a stern warning to wilful defaulters like Vijay Mallya, Finance Minister Arun Jaitley said they should settle their dues honourably with the banks or else be ready to face "coercive action" by lenders and investigative agencies.

Vijay Mallya Case Cannot Undo Good Work Done By Corporates: Nirmala Sitharaman

India News | Press Trust of India | Saturday March 26, 2016

Corporate misconduct happens all over the world and one episode of liquor baron Vijay Mallya cannot undo the good work done by domestic and international companies in India, Commerce Minister Nirmala Sitharaman said today.

Vijay Mallya Case: High Court Adjourns Hearing To April 11

Press Trust of India | Friday March 25, 2016

The petition seeks unpaid dues of Rs 146 crore from the defunct Kingfisher Airlines promoted by UBHL. The creditors including BNP Paribas and State Bank of India are seeking winding up of UBHL to get back their dues.

Vijay Mallya Case: High Court Adjourns Hearing To April 11

India News | Press Trust of India | Thursday March 24, 2016

The Karnataka High Court today adjourned till April 11 the hearing of a two-and-a-half-year-old winding up petition against United Breweries Holdings Limited, the company controlled by beleaguered Vijay Mallya.

Arvind Kejriwal Rakes Up Vijay Mallya On Farmers' Suicides

India News | Press Trust of India | Wednesday March 23, 2016

Raising the issue of agrarian distress, Chief Minister Arvind Kejriwal today said the entire system is "helpless" when industrialist Vijay Mallya runs away after incurring debts of Rs 9,000 crore even as farmers are forced to end their lives over meagre loans.

Heineken Raises Stake In Vijay Mallya's United Breweries

Thomson Reuters | Wednesday March 23, 2016

Heineken NV has raised its holding in India's largest brewer United Breweries Ltd to 43 percent by buying 24 million euros ( dollar 27 million) worth of additional shares on Wednesday, a spokesman for the Dutch brewer said.

Indebted Tycoon Vijay Mallya To Step Down As Sanofi India Chairman

Thomson Reuters | Wednesday March 23, 2016

Indian business tycoon Vijay Mallya, under pressure from banks to repay more than dollar 1 billion owed by his collapsed airline, has decided to not seek re-election as chairman of French drugmaker Sanofi's India unit, the company said.

What Made IDBI Give Rs 900 Crore To Vijay Mallya? Curious Case Of 2 Notes

India News | Written by Tanima Biswas | Wednesday March 23, 2016

When Vijay Mallya's Kingfisher Airlines was given a 900-crore loan by state-run lender IDBI, it was already entangled in a full-blown financial crisis. The loan was granted in 2009 - in March that year, the airline had declared losses of nearly 1,600 crores.

Ticket-Less Woman Traveller Says Won't Pay Fine, Catch Vijay Mallya First

Mumbai News | Press Trust of India | Wednesday March 23, 2016

A 44-year-old woman, caught for travelling ticket-less, today chose to go to jail for seven days instead of paying a fine of Rs 260, saying the authorities should first arrest and recover the loan dues from liquor baron Vijay Mallya.

ECL Finance Invokes 9.30 Lakh Pledged United Breweries Shares

Press Trust of India | Tuesday March 22, 2016

McDowell Holdings Ltd had 87,22,344 shares of UBL which accounted for 3.30 per cent of the total shareholding of the company. It had pledged 79,81,000 shares amounting to 3.02 per cent of UBL's share capital.

Vijay Mallya Brought 'Terrible Name' To India Inc: Arun Jaitley

India News | Press Trust of India | Tuesday March 22, 2016

Union Finance Minister Arun Jaitley on Monday said the behaviour of liquor baron Vijay Mallya, the chairman of grounded Kingfisher Airlines and who has defaulted on Rs 9,000 crore repayment to 17 banks, has brought the private sector entrepreneurs in India a "terrible name."

How Companies Play On The 'Duplicate Effect' To Dupe Banks

India News | Sreenivsan Jain (with inputs from Aishwarya Iyer, Manas Singh and Sonal Matharu) | Monday March 21, 2016

Vijay Mallya may have emerged as the face of bank fraud, but there are many more instances of lesser known private companies accused of cheating banks of crores of rupees.

Sebi Widens Vijay Mallya Probe, Finds Prima Facie Lapses: Report

Press Trust of India | Sunday March 20, 2016

Finding prima facie evidence of non-compliance to various norms including those on insider trading and corporate governance, the Securities and Exchange Board of India (Sebi) has widened its probe into dealings of Vijay Mallya-led UB Group.

Give Fair Chance to Vijay Mallya, Stop Media Trial: Kiran Mazumdar-Shaw

Press Trust of India | Saturday March 19, 2016

Noted entrepreneur Kiran Mazumdar-Shaw has said beleaguered businessman Vijay Mallya should be given a fair opportunity to settle the loan default issues with banks, and maintained that the media trial against him would not help matters.

Mallya Probe: Enforcement Directorate To Seek Help Of RBI, SEBI

India News | Press Trust of India | Saturday March 19, 2016

The Enforcement Directorate today said it will seek the help of RBI and SEBI to ensure that Mallya group of companies are not able to create third party rights to dispose of its stakes.