Indian businessman Vijay Mallya. File. | Photo Credit: Reuters A consortium of Indian banks, led by State Bank of India, on Wednesday (April 9, 2025) won their court appeal in London to uphold a bankruptcy order against Vijay Mallya in a long-standing legal battle seeking repayment of a judgment debt owed by his now-defunct Kingfisher … Read more
Capital markets regulator Securities and Exchange Board of India (Sebi) has restrained Vijay Mallya from accessing securities markets for a period of three years. According to the order, Mallya is barred from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner. The once famous … Read more
People watch as wreckage from a plane crash is lifted from a gorge in Pokhara, Nepal on January 16, 2023. | Photo Credit: AP The Nepalese passenger plane, which crashed into a river gorge on January 16 with 72 people onboard, was previously used by the now-defunct Kingfisher Airlines owned by liquor baron Vijay Mallya, … Read more
Finance Minister Nirmala Sitharaman on Wednesday said the government will actively pursue cases against economic offenders to bring back defrauded money of banks. The remark came soon after the Enforcement Directorate (ED) said the Debts Recovery Tribunal (DRT) has sold shares worth over Rs 5,800 crore of Limited (UBL) that were earlier attached under the … Read more
The Rajya Sabha on Thursday gave its nod to the Insurance (Amendment) Bill, 2021, which seeks to raise foreign direct investment in the sector to 74% from existing 49%. “FDI limit not a compulsion, it sets only upper limit. Increasing limit doesn’t mean automatic foreign investment to that level to all companies. Every company will … Read more
Fugitive liquor baron Vijay Mallya has appealed to the UK Home Secretary Priti Patel for “another route” to remain in the United Kingdom. Mallya’s legal representative made the claim during a hearing into the tycoon’s bankruptcy proceedings at the UK High Court in London on Friday. Mallya, 65, has gone through and exhausted the full … Read more
India has strongly underlined its interest in the expeditious extradition of former Kingfisher Airlines chief Vijay Mallya, who has completed all the legal processes related to extradition from the UK, during talks between Foreign Secretary Harsh Vardhan Shringla and UK Home Secretary Priti Patel in London. On the last leg of his three-nation Europe tour, … Read more
The UK government cannot set a timeline for extradition of fugitive businessman Vijay Mallya though it is determined to ensure that criminals can’t escape justice by crossing national borders, British High Commissioner Sir Philip Barton said on Thursday. Asked during an online media briefing whether Mallya has sought asylum in the UK, the envoy said … Read more