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Tag: Vijay Mallya

Vijay Mallya
Rs 18,000 Cr Returned To Banks From Mallya, Nirav & Choksi: Centre To SC

Solicitor General Tushar Mehta on Wednesday informed the Supreme Court that Rs 18,000 crore have been returned to the banks in the case of Vijay Mallya, Nirav Modi, and Mehul Choksi.

Vijay Mallya
Won't Wait: SC To Begin Hearing On Sentencing Of Vijay Mallya In Contempt Of Court

According to a judgment delivered on July 14, 2017, Mallya was found guilty of contempt for not paying Rs 9,000 crore worth of dues to the banks despite repeated directions.

Mallya
UK Court Declares Vijay Mallya As 'Bankrupt'

A British court granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines.

SC Asks MHA To Produce Vijay Mallya Before Court On October 5
SC Asks MHA To Produce Vijay Mallya Before Court On October 5

New Delhi: Dismissing Vijay Mallya’s plea seeking review of a 2017 judgment which held him guilty for contempt of court, the Supreme Court on Monday sought the fugitive business tycoon be produced before it on October 5. The top court had held him guilty of contempt, as Mallya did not truthfully disclose the full account […]

Vijay-Mallya
SC Rejects Vijay Mallya's Review Petition Against 2017 Contempt Verdict

New Delhi: The Supreme Court on Monday dismissed a plea of fugitive businessman Vijay Mallya seeking review of its 2017 order holding him guilty of contempt of court for transferring USD 40 million to his children. A bench comprising justices U U Lalit and Ashok Bhushan said, “We do not find any merits. Review petition […]

P.-Chidambaram
INX Media Case: P Chidambaram In SC Offers To Remain In CBI Custody Till Sept 2

New Delhi: In an unprecedented plea, former finance minister P Chidambaram Thursday offered in the Supreme Court to remain in CBI’s custody till September 2 in the INX Media corruption case. Chidambaram, who was arrested on August 21, is in the CBI custody till Friday and will be produced before the concerned trial court tomorrow […]

Nirav-Modi
Nirav Modi to appear via videolink for remand hearing in UK

London: Fugitive diamantaire Nirav Modi, wanted in India in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, is set to appear before a UK court for his customary 28-day remand hearing on Thursday. The 48-year-old is likely to be informed of the dates for his trial on […]

External Affairs Ministry spokesperson Raveesh Kumar
Fully committed to get Mallya extradited from UK

New Delhi: India said on Thursday that its commitment to extradite fugitive liquor baron Vijay Mallya “is very strong” and it will continue to make all efforts to bring him back from the UK. The reply from Ministry of External Affairs spokesperson Raveesh Kumar came as a UK court said that Mallya’s appeal in the […]

malya
Mallya gets reprieve from UK HC, can appeal extradition ruling

London: The UK High Court on Tuesday allowed Indian business tycoon Vijay Mallya, charged with fraud and money-laundering back home, to appeal against his extradition to India, local media reported. Mallya, whose extradition order had been upheld by the Westminister Magistrates’ Court last year and his appeal against it rejected earlier this year, had moved […]

Nirav-Modi
High security cell kept ready in Mumbai prison for Nirav Modi

Mumbai: Authorities at the Arthur Road jail here have kept ‘barrack no. 12’ ready if fugitive diamond merchant Nirav Modi is extradited from the UK in connection with the USD 2 billion PNB fraud and money laundering case, a Home department official said Tuesday. The prisons department last week shared information with the state Home […]

Nirav-Modi1
UK High Court hears Nirav Modi's bail appeal

London: The UK High Court Tuesday began hearing fugitive diamond merchant Nirav Modi’s appeal against a lower court’s order to deny him bail as he fights his extradition from Britain to India in the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case. Justice Ingrid Simler at the Royal Courts of […]

Mallya
Mallya booed at Oval, called 'chor'

London: Beleaguered businessman Vijay Mallya was booed on Sunday with “chor hai (you are a thief)” chants as he watched the World Cup fixture between India and Australia at the Oval here. In one of the videos doing rounds on social media, Mallya could be seen surrounded by a small crowd of people pushing and […]

Malya
Mallya spotted at India-Australia World Cup match

London: Vijay Mallya, facing extradition proceedings in UK, was spotted at the Kennington Oval in London on Sunday watching India’s World Cup clash against Australia. “I am here to watch the game,” Mallya was quoted as saying by ANI in a video as he walked into the stadium with his ticket. Mallya’s son, Siddharth, posted […]

Babul-Supriyo
Opposition alliance a ploy to protect the corrupt: Supriyo

Asansol: Union Minister and BJP candidate in West Bengal’s Asansol Lok Sabha seat, Babul Supriyo, feels the opposition alliance will never materialise or cause any trouble to Narendra Modi regime, as it is only a “desperate attempt by corrupt political leaders to take a backdoor exit” from the grave charges they face. Talking to IANS on […]

Mallya-Goyal
Mallya expresses sympathy with Goyal, slams Centre

New Delhi: Embattled liquor baron Vijay Mallya has once again attacked the government for discriminating between public sector and private airlines while extending solidarity with crisis-hit Jet Airways and its founder Naresh Goyal. In a series of tweets, Mallya said he was sorry that so many airlines had bitten the dust in the country. “Even though […]

vijay-mallya-7591
UK High Court rejects Mallya's plea against extradition

London/New Delhi: In a fresh win for India, the United Kingdom High Court has rejected fugitive businessman Vijay Mallya’s written submission for permission to appeal against his extradition order passed by a Westminster magistrate’s court. The submission was rejected by Justice William Davis on April 5. Mallya has five days for an oral submission, said […]

mallya
Vindicated by PM Modi's statement on dues, says Mallya

London: Beleaguered liquor tycoon Vijay Mallya, who is facing extradition to India to answer charges of fraud and money laundering, on Sunday said that Prime Minister Narendra Modi’s recent statement that assets worth much more the amount he owes to banks have been seized “vindicates” his stand that he is a BJP’s “poster boy”. “I humbly […]

Vijay-Mallya
ED probe reveals Mallya sent money from loans outside India

New Delhi: Absconding liquor baron Vijay Mallya had no intention of paying back loans of over Rs 5,500 crore to a consortium of banks even though creditors agreed to restructure debt for his Kingfisher Airlines Ltd (KAL) offering a lifeline to the now defunct airline. Investigations into the financial mess at KAL undertaken by the […]

mallya-up
India welcomes UK decision on Mallya extradition

New Delhi: India on Monday welcomed UK government’s order to extradite fugitive liquor baron Vijay Mallya and said it awaits “early completion” of the legal process in the matter. UK Home Secretary Sajid Javid has ordered the extradition of Mallya on charges of conspiracy to defraud and money laundering offences, the British Home Office said […]

malya
Mumbai Special Court declares Vijay Mallya 'fugitive'

Mumbai: In a significant victory for the investigating agencies, a Mumbai Special Court on Saturday declared absconder liquor baron Vijay Mallya a ‘fugitive’ under the Fugitive Economic Offenders Act, 2018. A Special Prevention of Money Laundering Act (PMLA) Court in Mumbai gave its verdict in a case filed by the Enforcement Directorate (ED) in June […]

Mallya
London Court orders extradition of Vijay Mallya to India

London: The Westminster Magistrates’ Court of London today ordered extradition of absconding liquor baron Vijay Mallya to India. After the extradition order, a CBI spokesperson said, “We hope to bring him soon and conclude the case. CBI has its own inherent strengths. We worked hard on this case. We are strong on Law and facts […]

Mallya
Extradition blade hanging, Mallya offers to repay 100% bank money

New Delhi: Absconding liquor baron Vijay Mallya, wanted in a Rs 9,000 crore bank loan default case, on Wednesday offered to pay back “100 per cent of the principal amount” as speculations over his extradition were raised after AgustaWestland middleman Christian Michel was brought here for interrogation. His move came a day after the British […]

Rahul-Gandhi
Rahul met Nirav Modi at Delhi hotel in 2013, claims Poonawalla

New Delhi: As Congress President Rahul Gandhi demanded Finance Minister Arun Jaitley’s resignation over “free passage” given to the fugitive businessman Vijay Mallya, activist Shehzad Poonawalla on Thursday claimed “Gandhi met PNB fraud accused Nirav Modi at a hotel here in September 2013.” Poonawalla also challenged Gandhi to deny that he met Nirav Modi in […]

Rahul-Gandhi
Jaitley helped Mallya to flee, must quit: Rahul

New Delhi: Congress President Rahul Gandhi on Thursday demanded Finance Minister Arun Jaitely’s resignation after accusing him of colluding with fugitive businessman Vijay Mallya “and giving him a free passage” to flee the country. Addressing the media at the Congress headquarters here, Gandhi asked why the Minister did not inform the investigating agencies about Mallya’s […]

malya
Mallya says met Jaitley before leaving India, Minister rejects his claim

London/New Delhi: Fugitive business tycoon Vijay Mallya, wanted in India for his alleged role in a multi-crore bank loan fraud case, on Wednesday sought to drag Finance Minister Arun Jaitley into controversy by claiming that he met him before he left the country in 2016, which the minister called “factually false”. Mallya, who talked to […]

oram
Jual Oram says Mallya comments were a mistake

Bhubaneswar: A day after terming fugitive liquor tycoon Vijay Mallya as smart and encouraging tribals to learn from his entrepreneurial qualities, Union Minister Jual Oram today took back his words and accepted that he “accidentally” took Mallya’s name. “I accidentally took Vijay Mallya’s name. I should have taken someone else’s name. I should not have […]

Vijay-Mallya
Court issues summons to Mallya under new law

Mumbai: A special court here on Saturday issued summons to absconding liquor baron Vijay Mallya to appear before it on August 27. The order came following a hearing on a fresh plea filed by the Enforcement Directorate (ED). The ED has sought action against him under the Fugitive Economic Offenders Ordinance in the over Rs […]

Mallya
Mallya barred from markets for three more years: Sebi

New Delhi: Market regulator Securities and Exchange Board of India (Sebi) on Friday ordered that absconding business tycoon Vijay Mallya shall continue to be restrained from accessing the securities market for a further three years. According to a Sebi order in “the matter of fund diversions and or improper transactions in United Spirits”, Mallya has […]

Nirav-Modi
Nirav Modi's letter smacks of arrogance, what will government do, asks Congress

New Delhi: The Congress on Tuesday said the purported letter written by jeweller Nirav Modi, who is allegedly involved in Rs 11,300 crore PNB scam, smacks of arrogance and asked Prime Minister Narendra Modi and Finance Minister Arun Jaitley that if the letter is authentic, what action would be taken against him. It also asked […]

money
Op-Ed: PSU Banks’ Mantra: Punish The Needy, Reward The Greedy

The next time you go to a bank and find a pen worth the princely sum of Rs. 2 dangling from a string at the counter, you are bound to remember the Rs. 11, 500 crores that the nephew-uncle duo of Nirav Modi and Mehul Choksi managed to polish off neatly from the Punjab National […]

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Mallya declared as absconder in FERA case

New Delhi:  A court here on Thursday declared liquor baron Vijay Mallya as an absconder in a case relating to alleged violation of foreign exchange rules. “Keeping in view the submissions made and the fact that accused Vijay Mallya failed to appear before this court despite lapse of more than 30 days and no representation […]

Vijay Mallya arrested in London

New Delhi: Fugitive Indian businessman Vijay Mallya was on Tuesday arrested in London in a money laundering case, CBI sources said. CBI sources said that Mallya was arrested in the case pending against him. Mallya is wanted in India for his Kingfisher Airlines defaulting on loans worth nearly Rs 9,000 crore. He fled to Britain […]

Spl category status for Odisha not necessary: VK Singh

Bhubaneswar: Minister of State (MoS) for External Affairs VK Singh today downplayed the demand of special category status for Odisha and said it is not necessary to assign the status to the State. At a Press meet organised by the state BJP here, the Minister stated, “The nation would grow if the states progress. Odisha […]

Economic Offenders
Government to bring law to confiscate assets of economic offenders

New Delhi: In a bid to deal with economic offenders like liquor baron Vijay Mallya, who flee the country to escape the legal process, the government on Thursday said it has prepared a draft legislation to enable confiscation of their assets. The draft law — Fugitive Economic Offenders Bill, 2017 — has been prepared and […]

vijay mallya
Ready to negotiate one-time settlement with banks, says Mallya

New Delhi: Embattled liquor baron Vijay Mallya on Friday said that he was ready to negotiate with banks for one-time settlement and urged the Supreme Court to intervene. “Public Sector Banks have policies for One-Time Settlements. Hundreds of borrowers have settled. Why should this be denied to us? Our substantial offer before the Supreme Court […]

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