UCO Bank declares Yashovardhan Birla wilful defaulter after group firm fails to pay Rs 67.65 cr loan
Uco Bank on Sunday put out a public notice with Birla’s photograph declaring Birla a wilful defaulter after Birla Surya did not repay loans to the tune of Rs 67.65 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 posts defence online: I've become 'poster boy of bank default and lightning rod of public anger'; full text
fugitive liquor baron, Vijay Mallya, broke his silence after a long time with a five-page letter on Twitter to state the "factual position in response to the controversy unfortunately surrounding" him
Vijay Mallya loses UK lawsuit over Rs 10,000 crore in Indian claims; ruling to benefit IDBI Bank, Modi and the BJP
A London court has reportedly backed India's claims that former liquor baron Vijay Mallya is a wilful defaulter.
Vijay Mallya extradition trial resumes in London, court to decide on 'admissibility' of evidence submitted by ED, CBI
Judge Emma Arbuthnot will rule on the evidence, following which she is expected to set a timetable for closing arguments and her verdict on whether Vijay Mallya can be extradited to India
Vijay Mallya, 61-year-old liquor baron, will be back in the dock at Westminster Magistrates' Court in London for day four of hearing
Vijay Mallya extradition trial: CBI, ED team in London; agencies say they have solid evidence against liquor baron
The CBI-ED team will assist Crown Prosecution Service lawyers for securing Vijay Mallya's extradition to India
Insolvency code tightened: President okays ordinance, barring defaulters from bidding for stressed assets
The amendments aim to keep-out such persons who have wilfully defaulted, are associated with non-performing assets, or are habitually non-compliant and, therefore, are likely to be a risk to successful resolution of insolvency of a company.
The charge sheet said Mallya had “formed a complex web structure of his group companies so as to indirectly control their affairs”
Now that March-deadline for the RBI has passed, have banks reported all of their NPAs keeping to the central bank deadline?
Vijay Mallya’s arrest, bail in London: Liquor baron proves why he isn't easy catch for Narendra Modi govt
The next big challenge for banks and government lies in ensuring a follow up action against Mallya and get the baron extradited at the earliest
With the BJP taking up the issue claiming evidence, political pressure will mount on the UPA leadership to come clean on the matter
SBI chairman, Arundharti Bhattacharya said it only an accounting entry, and will not write off the loans of the top defaulters
Vijay Mallya is partly correct as the government policy was a factor in the decline of Kingfisher Airlines. But it has to be remembered that other airlines too were operating in the same system.
The Villa, owned by United Breweries Holding, was mortgaged by KFA to SBI-led 17-bank consortium to obtain loans in 2010
The ED has already attached assets worth Rs 8,041 crore as part of its criminal probe against Mallya and this time the targeted assets would include those in countries such as the UK, South Africa and others
Bankers said they may have to further lower the reserve price -- which was set at Rs 150 crore in the earlier failed auction in March -- to get any prospective buyer
The contempt plea was moved by the consortium of 17 banks, which had lend to Malyya's Kingfisher Airlines, nearly to weeks back
Narendra Modi, an elected representative, has faced and continues to face overarching, ruthless and relentless animosity from the media.