Kingfisher Airlines

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Vijay Mallya case: Meet CBI officer Suman Kumar, the meticulous investigator who felled a flamboyant businessman
India

Vijay Mallya case: Meet CBI officer Suman Kumar, the meticulous investigator who felled a flamboyant businessman

Vijay Mallya, the high-flying owner of now-defunct Kingfisher Airlines, on Thursday lost his application seeking leave to appeal his extradition to India in the UK Supreme Court, setting a 28-day clock on his removal from the UK.

'Milestone in CBI's quest for excellence': Agency reacts to UK court's rejection of fugitive Vijay Mallya's appeal against extradition
Business

'Milestone in CBI's quest for excellence': Agency reacts to UK court's rejection of fugitive Vijay Mallya's appeal against extradition

The CBI has described as a "big victory" and a "milestone" the order of a UK court rejecting beleaguered liquor baron Vijay Mallya's application seeking leave to appeal in the country's Supreme Court the verdict clearing his extradition to India in bank fraud case.

Former liquor baron Vijay Mallya loses leave to appeal against extradition in UK Supreme Court
India

Former liquor baron Vijay Mallya loses leave to appeal against extradition in UK Supreme Court

Vijay Mallya on Thursday lost his application seeking leave to appeal in the UK Supreme Court, in a setback for the embattled liquor baron who last month lost his High Court appeal against an extradition order to India on charges of fraud and money laundering related to unrecovered loans to his now-defunct Kingfisher Airlines

Former liquor baron Vijay Mallya asks govt to accept loan repayment offer, close case against him
Business

Former liquor baron Vijay Mallya asks govt to accept loan repayment offer, close case against him

Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 percent of his loan dues and close case against him

Vijay Mallya files appeal in UK Supreme Court against extradition order to India on charges of fraud, money laundering
Business

Vijay Mallya files appeal in UK Supreme Court against extradition order to India on charges of fraud, money laundering

Vijay Mallya on Monday filed an application seeking leave to appeal in the UK Supreme Court, exactly two weeks after the embattled liquor baron lost his London High Court appeal against an extradition order to India on charges of fraud and money laundering related to unrecovered loans to his now-defunct Kingfisher Airlines

Technical loan write-off route should not be applied for fugitives: Chidambaram to govt
Business

Technical loan write-off route should not be applied for fugitives: Chidambaram to govt

Senior Congress leader P Chidambaram on Wednesday asked the government why it had taken the technical loan write-off route for fugitives like Nirav Modi, Mehul Choksi and Vijay Mallya

Wilful defaulters beneficiaries of 'phone banking' under UPA regime, Modi govt chasing them to recover dues: Nirmala Sitharaman
Business

Wilful defaulters beneficiaries of 'phone banking' under UPA regime, Modi govt chasing them to recover dues: Nirmala Sitharaman

Hitting out at the Congress party, Finance Minister Nirmala Sitharaman has said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government is chasing them to recover the dues

Over Rs 68,600 cr loans of wilful defaulters written off; Mehul Choksi, Vijay Mallya's firms among list: RBI in RTI reply
Business

Over Rs 68,600 cr loans of wilful defaulters written off; Mehul Choksi, Vijay Mallya's firms among list: RBI in RTI reply

Outstanding loans amounting to Rs 68,607 crore of top 50 wilful bank loan defaulters in the country including firms of Mehul Choksi and Vijay Mallya have been technically written off till 30 September, 2019, the Reserve Bank of India said in a RTI reply

Vijay Mallya says disappointed with UK court decision, to continue legal battle against extradition
Business

Vijay Mallya says disappointed with UK court decision, to continue legal battle against extradition

Mallya's legal team had claimed that the loan defaults by KFA were the result of wider issues faced by the aviation industry at the time.

Coronavirus outbreak could impact timescale for Vijay Mallya’s extradition to India
Business

Coronavirus outbreak could impact timescale for Vijay Mallya’s extradition to India

The coronavirus pandemic may impact the timescale for the extradition to India of liquor tycoon Vijay Mallya, who lost his UK High Court appeal on Monday against the Indian government’s fraud and money laundering case

Vijay Mallya loses UK High Court appeal against extradition case; wanted in Rs 9,000 cr fraud, money laundering charges in India
Business

Vijay Mallya loses UK High Court appeal against extradition case; wanted in Rs 9,000 cr fraud, money laundering charges in India

Vijay Mallya, the 64-year-old former Kingfisher Airlines boss had appealed to the High Court against his extradition to India at a hearing in February this year.

Coronavirus Outbreak: Vijay Mallya asks FM to consider his offer to repay Kingfisher Airlines' dues in 'time of crisis'
Business

Coronavirus Outbreak: Vijay Mallya asks FM to consider his offer to repay Kingfisher Airlines' dues in 'time of crisis'

Embattled liquor baron Vijay Mallya, on Tuesday asked Finance Minister Nirmala Sitharaman to consider his repeated "offer to repay 100 percent" of the amount borrowed by now-defunct Kingfisher Airlines, in this time of coronavirus pandemic

Vijay Mallya requests 'banks to take back 100% of their principal amount'; says CBI, ED fighting over same assets
Business

Vijay Mallya requests 'banks to take back 100% of their principal amount'; says CBI, ED fighting over same assets

Mallya, who remains on bail on an extradition warrant, is not required to attend the hearings but has been in court to observe the proceedings since the three-day appeal opened on Tuesday.

‘Overwhelming evidence’ against Vijay Mallya, Crown Prosecution Service tells UK court on second day of extradition trial; verdict to be announced today
World

‘Overwhelming evidence’ against Vijay Mallya, Crown Prosecution Service tells UK court on second day of extradition trial; verdict to be announced today

Liquor tycoon Vijay Mallya appeared before the Royal Courts of Justice in London for his appeal against being extradited to India, during which the prosecution highlighted overwhelming evidence of dishonesty on his part

Vijay Mallya extradition case: UK High Court to hear today liquor baron's appeal against handing over to India
Business

Vijay Mallya extradition case: UK High Court to hear today liquor baron's appeal against handing over to India

Liquor baron Vijay Mallya is expected to return to court on Tuesday as the UK High Court begins hearing his appeal against being extradited to India to face fraud and money laundering charges amounting to Rs 9,000 crores

UK court orders sale of Force India yacht linked to Vijay Mallya; proceeds to be used to pay back Qatar National Bank loan
Business

UK court orders sale of Force India yacht linked to Vijay Mallya; proceeds to be used to pay back Qatar National Bank loan

During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Mallya's son Siddharth was the ultimate beneficial owner of the yacht.

Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him in other jurisdictions: SC
Business

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.

Airfares expected to rise 7-9% this fiscal, highest since 2013; limited capacity additions since Jet Airways was grounded: Crisil
Business

Airfares expected to rise 7-9% this fiscal, highest since 2013; limited capacity additions since Jet Airways was grounded: Crisil

Domestic passengers traffic is expected to grow 6-8% in FY20, as against a healthy 19% growth registered in the year ended March 2019 on account of non-revival of Jet Airways

Vijay Mallya makes another offer of 100% loan payback to banks on Twitter; quotes FM's statement on business failures
Business

Vijay Mallya makes another offer of 100% loan payback to banks on Twitter; quotes FM's statement on business failures

Vijay Mallya's social media interventions against the Indian government are a regular occurrence on Twitter

RBI imposes fine on SBI, BoB, PNB, Oriental Bank of Commerce for delay, non-compliance in fraud reporting
Business

RBI imposes fine on SBI, BoB, PNB, Oriental Bank of Commerce for delay, non-compliance in fraud reporting

The RBI in exercise of the powers conferred under various sections of the Banking Regulations Act, has imposed a penalty of Rs 50 lakh on SBI