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Vijay Mallya

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Corporate NPAs double in 3 yrs; can new Bankruptcy law offer antidote?

May 05, 2016

Corporate NPAs double in 3 yrs; can new Bankruptcy law offer antidote?

In just 3-years, the corporate Non-Performing Assets (NPAs) of sarakari banks more than doubled as a percent of total corporate loans, going by the information provided by Minister of state of finance, Jayant Sinha, in Parliament. #Rajya Sabha #Vijay Mallya #bad loans #wilful defaulters #Jayant Sinha #Finance Minister Arun Jaitley #RBI governor Raghuram Rajan #bank loan default
Cheque bounce case: Court to pass order against Mallya on May 9

May 05, 2016

Cheque bounce case: Court to pass order against Mallya on May 9

A local court today said it will pronounce on May 9 its order on the quantum of sentence for beleaguered industrialist Vijay Mallya, who was convicted in two cheque bounce cases filed against him by GMR Hyderabad International Airport Ltd. #Kingfisher Airlines #Vijay Mallya #GMR #cheque bounce case #Hyderabad court #III Special Magistrate Court
Chartered accountants' apex body reviews financial statements of Mallya group firms

May 05, 2016

Chartered accountants' apex body reviews financial statements of Mallya group firms

Chartered accountants' apex body ICAI is reviewing financial statements of certain Vijay Mallya group firms to assess the role of auditors and has warned of strict disciplinary action in case of violations. #Vijay Mallya #ICAI #2006 #wilful defaulters #bank loan default #Chartered Accountants (Amendment) Act #ICAI President M Devaraja Reddy
Government eyes cleanup of bad debt mountain as wary state banks hesitate

May 05, 2016

Government eyes cleanup of bad debt mountain as wary state banks hesitate

The proposal envisages setting up a panel comprising leading bankers and government and central bank officials, to review some larger outstanding loans and try to arrive at a settlement, finance ministry and central bank officials said. #Vijay Mallya #bad loans #state banks #bad debt #big businesses
Mallya calls it a day in Rajya Sabha, quits House to escape expulsion

May 04, 2016

Mallya calls it a day in Rajya Sabha, quits House to escape expulsion

Mallya had sent in a fresh resignation on Wednesday after Rajya Sabha Secretariat General informed him on Tuesday about its rejection on procedural grounds. #Business #Rajya Sabha #NewsTracker #Kingfisher Airlines #Vijay Mallya #Hamid Ansari #Upper house #UB Group
Expulsion not enough, we must examine how a Vijay Mallya makes it to Rajya Sabha

May 04, 2016

Expulsion not enough, we must examine how a Vijay Mallya makes it to Rajya Sabha

Merely expelling Mallya is insufficient atonement of the polity, the question needs to be asked – how do people like Mallya get into the august Rajya Sabha? #Congress #BJP #Rajya Sabha #PoliticsDecoder #Vijay Mallya #BSP #parliament #NRI #Kingfisher #Dalits #Kanshi Ram #MP #Member of Parliament #Upper house #expulsion #King of Good times #bank loan defaulter
RS Ethics Committee recommends expulsion of Mallya

May 04, 2016

RS Ethics Committee recommends expulsion of Mallya

The Ethics Committee of Rajya Sabha today recommended the expulsion of beleaguered businessman Vijay Mallya with immediate effect. #Supreme Court #Vijay Mallya #expulsion #Karan Singh #Ethics Committee of Rajya Sabha
No honourable exit for Vijay Mallya? RS Chairman rejects resignation

May 04, 2016

No honourable exit for Vijay Mallya? RS Chairman rejects resignation

Liquor baron Vijay Mallya sent a resignation letter to the Rajya Sabha, however, Chairman of the Upper House, Hamid Ansari rejected the resignation letter #Rajya Sabha #NewsTracker #Vijay Mallya #Default #Kingfisher #Hamid Ansari #liquor baron #loan defaulter