Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him in other jurisdictions: SC
Vijay Mallya, who is currently in the UK, has been charged by the Enforcement Directorate (ED) with defaulting on bank loans to the tune of Rs 9,000 crore.
In a series of tweets a day after claiming that he has become the "poster boy" of bank default and a lightning rod for public anger, Vijay Mallya said he will continue to make every effort to settle dues with the bank
Vijay Mallya breaking silence because 'prime minister, finance minister did not respond' to his letters
Mallya wrote a letter to Prime Minister Narendra Modi which he made public on Twitter on Tuesday.
'Settlement initiatives date back to 2016,' says Vijay Mallya after MJ Akbar's claim that liquor baron had years to repay debts
Akbar said if Mallya wanted to repay his bank dues, he had many years to do so.
The new RBI guidelines have scrapped all loan restructuring schemes present in the banking system to deal with stressed assets.
Asserting that India has a "legitimate" case against Mallya, External Affairs Ministry Spokesman Vikas Swarup said if an extradition request is honoured, it shows their "sensitivity towards our concerns".
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.
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, 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.
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.
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?