Recent Highlights
All Stories for Wilful Default
SC issues contempt notice to Vijay Mallya for concealing wealth details
• 9 years agoMukul 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
Shishir Tripathi • 9 years agoStrict 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
Shishir Tripathi • 9 years agoIt 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
Fp Staff • 9 years agoED 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?
Fp Staff • 9 years agoAccording 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
• 9 years agoSources 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
Fp Staff • 9 years agoReuters 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
Dinesh Unnikrishnan123 • 9 years agoThere 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
Fp Staff • 9 years agoThe 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?
Fp Archives • 9 years agoHinting 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