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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
Mr Mallya, why don't you return to India if you are not a defaulter?

May 03, 2016

Mr Mallya, why don't you return to India if you are not a defaulter?

Vijay Mallya, not definitely the King of Good Times these days, isn’t a happy man with so many recent developments. One such is the ‘media trial’ against him since 2 March—the day when he left the country with seven bags, an unidentified woman, Rs9000 crore loan obligation, a wilful defaulter notice and charges on financial irregularities. #Kingfisher Airlines #Vijay Mallya #PSU banks #ED #bad loan #bank loan default
Rajya Sabha ethics panel recommends Vijay Mallya's expulsion

May 03, 2016

Rajya Sabha ethics panel recommends Vijay Mallya's expulsion

Just a day after embattled drinks mogul, Vijay Mallya, resigned his Rajya Sabha membership, an ethics committee of Parliament on Tuesday recommended his expulsion. #Kingfisher Airlines #Vijay Mallya #Rs #expulsion #ethics committee #Rahya Sabha #bad loan default
Vijay Mallya resigns as MP; says he is disappointed with Rajya Sabha colleagues

May 02, 2016

Vijay Mallya resigns as MP; says he is disappointed with Rajya Sabha colleagues

Embattled Liquor-baron, Vijay Mallya, has resigned from his capacity as a member of parliament, a week after the Rajya Sabha ethics panel recommended his termination. The committee had given Mallya a week to respond. Mallya’s MP status was supposed to expire in June, 2016. #Kingfisher Airlines #Vijay Mallya #NPA #IDBI Bank #PSU banks #Rajya Sabha MP #bank loan default
Ambitious new bankruptcy code may take years to clean up India's debt mess

May 02, 2016

Ambitious new bankruptcy code may take years to clean up India's debt mess

A long-awaited Indian bankruptcy code may soon win parliamentary approval, but struggling creditors – above all state banks trying to recover $100 billion in bad loans – shouldn't start celebrating just yet. #Kingfisher Airlines #Vijay Mallya #PSU banks #bad loans #parliamentary panel #PM Modi #Make In India #bankruptcy code #R.K. Gupta ED Bank of Maharashtra
Banks anywhere else would've settled with Mallya: But nowhere else would he get loans

Apr 30, 2016

Banks anywhere else would've settled with Mallya: But nowhere else would he get loans

This fraud can be understood a little more clearly when one realises that a bulk of the loans were taken against virtually non-existent collateral of meaningful value. #Kingfisher Airlines #Vijay Mallya #Financial Times #Bank frauds #bank lenders #loans and frauds
Good times no more: Lenders begin auction of brand Kingfisher, trademarks

Apr 30, 2016

Good times no more: Lenders begin auction of brand Kingfisher, trademarks

The online auction of brand Kingfisher is being conducted by SBI Cap Trustee Company on behalf of lenders under the SARFAESI Act. Mallya had pledged the trademarks as collateral with banks at the time of taking loans from them. #Kingfisher Airlines #Vijay Mallya #consortium of banks #brand Kingfisher auction
Banks have lost it: Sending Vijay Mallya to jail will make them double-losers

Apr 29, 2016

Banks have lost it: Sending Vijay Mallya to jail will make them double-losers

Is India losing the plot on Vijay Mallya, the failed airline entrepreneur who has lost some of his crown jewels in the booze business while trying to make Kingfisher fly long after it was time to say quits? #Supreme Court #Kingfisher Airlines #Vijay Mallya #Financial Times #UK #PSU banks #FT #bank loan default
Vijay Mallya bargain: Billionaire in exile is tough case for Modi govt to handle

Apr 29, 2016

Vijay Mallya bargain: Billionaire in exile is tough case for Modi govt to handle

In the interview to FT, Mallya said he remains an Indian patriot who is “proud to fly the Indian flag”, but as the outcry around him continues, he is more than happy to stay safe in the UK. #Narendra Modi #Supreme Court #Kingfisher Airlines #Vijay Mallya #Financial Times #loans #King of Good times
Mallya case: Banks to auction Kingfisher, 'Fly with Good Times' trademarks

Apr 28, 2016

Mallya case: Banks to auction Kingfisher, 'Fly with Good Times' trademarks

After a failed attempt to sell Kingfisher House, erstwhile headquarters of Vijay Mallya's defunct carrier, lenders will auction the trademarks of the airline, including for 'Kingfisher' logo and once-famous 'Fly the Good Times' tagline on April 30. #Kingfisher Airlines #Vijay Mallya #PSU banks #SBI Cap #Fly with Good Times #trademark auction