Wilful Default

SC issues contempt notice to Vijay Mallya for concealing wealth details

Mukul Rohatgi said Vijay Mallya concealed a lot of information, including a cash transaction to the tune of Rs 2500 crore

No more 'Mallyas': Banks need strict procedures to avoid bogus loan guarantors

Strict procedures are needed to ensure that loan guarantors are in a position to fulfil their liability, and that they are doing so willingly.

RBI fixed guarantors' responsibility 2 years ago but not their credentials

It is good that the RBI in its September 2014 circular went tough on the guarantors of wilful defaulter but it should have at the same time made the credential of a guarantor also clear

Why ED's move to get Interpol arrest warrant on Vijay Mallya may be futile

ED is also mulling attaching domestic assets and shares worth about Rs 9,000 crore owned by Mallya in this case

India fails to deport Vijay Mallya; will he have the last laugh?

According to the report in The Hindu, the UK officials have agreed to consider extraditing Mallya under the 1993 treaty with India

ED seeks Vijay Mallya's deportation, writes to external affairs ministry

Sources said once the deportation proceedings are initiated, the MEA will seek assistance of their counterparts in the United Kingdom to interdict Mallya and fly him back to India

#BargainLikeABaron: Banks evaluating Rs 4,000 cr proposal; Mallya may sell UB stake to Heineken

Reuters had earlier this month reported that Heineken is likely to ask Mallya to step down from the board of United Breweries

Do not trust Vijay Mallya: 6 reasons why lenders should chuck his Rs 4,000 cr offer

There are several other corporate defaulters watching this case for cues. Banks should reject the offer and fight to get back their full dues

#BargainLikeABaron: Vijay Mallya now offers Rs 4000 cr to banks by September

The court has told the banks to respond to Mallya's proposal within a week's time.

Jaitley on Mallya: He brought 'terrible name' to India Inc, how long can you lead a life like this?

Hinting that Mallya's case was not a simple case of bad business environment, the finance minister said it might not have been just a clean business failure