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Vijay Mallya

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Vijay Mallya case: Banks should focus on recovering dues than go after borrowers, says Uday Kotak

May 01, 2016

Vijay Mallya case: Banks should focus on recovering dues than go after borrowers, says Uday Kotak

The loans to companies promoted by Mallya were sanctioned in 2004 to 2007 and those turned into bad loans in 2009. #Supreme Court #Vijay Mallya #Financial Times #Uday Kotak
Vijay Mallya vs banks: No takers for Kingfisher assets at auction

May 01, 2016

Vijay Mallya vs banks: No takers for Kingfisher assets at auction

Auction of brands and trademarks of Kingfisher Airlines turned out to be a damp squib today as lenders failed to attract a single bidder for sale of these pledged assets at a reserve price of Rs 366.7 crore in their efforts to recover unpaid loans from beleaguered Vijay Mallya #NewsTracker #Auction #Vijay Mallya #bad loans #trademarks #Kingfisher House #Fly the Good Times #Fly Kingfisher
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
Adarsh should go: The message to the corrupt has to be strong, unequivocal

Apr 30, 2016

Adarsh should go: The message to the corrupt has to be strong, unequivocal

If the Adarsh demolition goes through, it would send a strong message across the network of the powerful and the corrupt #Corruption #Adarsh Housing Society #InMyOpinion #Vijay Mallya #Bombay High Court #allocation of coal blocks #AgustaWestland #demolition
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
A king dethroned? Mallya claims to be in forced exile, not planning to return to India

Apr 29, 2016

A king dethroned? Mallya claims to be in forced exile, not planning to return to India

Embattled tycoon Vijay Mallya has said he is in a "forced exile" and has no plans to return to India where things are flying at him "fast and furious". #London #Narendra Modi #Delhi #NewsTracker #Vijay Mallya #Kingfisher
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
MEA writes to British High Commission, seeks Vijay Mallya's ghar wapsi

Apr 28, 2016

MEA writes to British High Commission, seeks Vijay Mallya's ghar wapsi

The Ministry of External Affairs has written to the British High Commission seeking the extradition of liquor baron Vijay Mallya, ministry spokesperson Vikas Swarup said #NewsTracker #Supreme Court #Vijay Mallya #MEA #UK #External Affairs Ministry #British High Commission