The Enforcement Directorate has asked around half a dozen lenders of Kingfisher Airlines to furnish details of the financial transactions conducted by the long-grounded air carrier and its top executives.
In a few days like we forgot Lalit Modi we will forget Vijay Mallya
The Villa, valued at Rs 90 crore, used to be Mallya's base in Goa and also the venue of many of the famous parties hosted by him.
Spicejet is offering its senior and middle level staff high-end cars worth Rs 25 lakh as a retention measure. If they stay for 4 years or more with the company, they even get to keep the car.
A Hyderabad city court on Monday postponed till 25 May its order on the quantum of sentence for industrialist Vijay Mallya in two cheque bounce cases filed against him by the GMR Hyderabad International Airport Ltd.
It’s a law that would enable banks to push for resolution/recovery of the money from a troubled company within a period of 180 days, with a grace period of another 90 days if majority (75 per cent) of creditors agrees.
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?
Liquor baron Vijay Mallya sent a resignation letter to the Rajya Sabha, however, Chairman of the Upper House, Hamid Ansari rejected the resignation letter
in Vijay Mallya's case, it appears, banks think quite differently from common lenders. They have taken the all-or-nothing approach to recover dues from him, which they claim amounts to around Rs 9,000 crore.
By pre-empting his expulsion order, a wily Mallya didn’t allow the Ethics Committee a chance to take a moral high ground.
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".
The Ministry of External Affairs (MEA) has revoked liquor baron Vijay Mallya's passport. MEA spokesperson Vikas Swarup on Sunday tweeted saying, "After having considered replies by Vijay Mallya, MEA (Ministry of External Affairs) revokes his passport under S.10(3)(c) & (h) of Passports Act."
The passport of Mallya, who is an MP and has been in Britain for over a month and has refused to appear before the Enforcement Directorate, was on Friday suspended by the External Affairs Ministry on the recommendation of the agency.
Crackdown on defaulters: SC and RBI should move on from the 'naming' debate and work on the recovery of public money
The RBI’s argument on secrecy for bad loan accounts in public deserves merit since if the name of a company, which is in genuine stress, is disclosed, it can hamper the process of recovery process
Sources did not immediately comment as to what next step the agency will take now as he has sought time till May, a request he made to the IO last week too and which was turned down.
In a regulatory filing with the US markets regulator SEC, Mendocino has disclosed having issued a 'promissory note' to Delaware-based Catamaran Services, Inc, in the principal amount of $325,000
There is no second thought on the fact that public interest is paramount than commercial interest of institutions
Amid political turmoil in Uttarakhand and Himachal Pradesh, the BJP stepped up attack on the Congress, saying the party has lost faith in Rahul Gandhi
Finance Minister Arun Jaitley on Thursday declined specific comment if his government considered industrialist Vijay Mallya an absconder but sought to assure that every penny that is due from him to state-run banks will be recovered.
None of which tees me off except that our bank managers never offer us tea and biscuits. Vijay probably gets a 5 star buffet and the bank picks up the bill.