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SC to hear banks' plea against transfer of  $40 million by Vijay Mallya

SC to hear banks' plea against transfer of $40 million by Vijay Mallya

The Supreme Court on said it would hear next week the plea of a consortium of banks that USD 40 million, which liquor baron Vijay Mallya had allegedly transferred to his children, needed to be brought back.

Reviewing Sebi ban order against Mallya, 6 USL officials: UBHL

Reviewing Sebi ban order against Mallya, 6 USL officials: UBHL

Vijay Mallya-led United Breweries Holding Ltd (UBHL) today said it is reviewing SEBI's order barring the beleaguered businessman and six former officials of United Spirits (USL) from securities markets in a case related to alleged fund diversions and will take "appropriate action".

Vijay Mallya's sweetheart deal:  Sebi may soon order additional payout for small investors by open offer

Vijay Mallya's sweetheart deal: Sebi may soon order additional payout for small investors by open offer

Sebi is all likely to order additional payout for small investors through a fresh open offer concerned over the 'loss' caused to United Spirits' minority shareholders due to $75-million sweetheart deal between its erstwhile promoter Vijay Mallya and new owner Diageo.

 

 

Supreme Court to hear detailed affidavit on Vijay Mallya assets today

Supreme Court to hear detailed affidavit on Vijay Mallya assets today

The Supreme Court will hear the detailed affidavit about the assets of liquor baron Vijay Mallya on Thursday.

Supreme Court asks Vijay Mallya to give complete details of his foreign assets in 4 weeks

Supreme Court asks Vijay Mallya to give complete details of his foreign assets in 4 weeks

The court also told Mallya to disclose what he did with USD 40 million he had received from Diageo.

 

Vijay Mallya deals brings Diageo under Sebi lens

Vijay Mallya deals brings Diageo under Sebi lens

In brewing troubles for Diageo, markets regulator Sebi is mulling directing the British liquor giant to make additional payment to United Spirits' minority shareholders from whom it had acquired shares under an open offer in 2013 to compensate them for some 'preferential' treatment to the erstwhile promoter Vijay Mallya.

Vijay Mallya refutes USL's allegations on fund diversion

Vijay Mallya refutes USL's allegations on fund diversion

A day after United Spirits disclosed Rs 1,225 crore fund diversion by the erstwhile promoters to entities linked to Vijay Mallya, the embattled businessman today said all transactions were "legal and above board" and the company was now making "unfounded allegations".

ED to strengthen its investigation on Diageo management

ED to strengthen its investigation on Diageo management. Watch complete news story of Danger Zone and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

Vijay Mallya hurt the system, his own class of businesses: Arun Jaitley

Vijay Mallya hurt the system, his own class of businesses: Arun Jaitley

Finance Minister Arun Jaitley has said that absconding liqour baron Vijay Mallya has hurt the system as well as his own class of businesses.

DRT directs J P Morgan Bank not to disburse $40 mn to Vijay Mallya

DRT directs J P Morgan Bank not to disburse $40 mn to Vijay Mallya

In another blow to beleaguered businessman Vijay Mallya, the Debt Recovery Tribunal (DRT) Tuesday directed New-York based J P Morgan Bank not to disburse to him USD 40 million of the USD 75 million sweetheart deal struck between him and Diageo PLC.

More trouble for Vijay Mallya: DRT directs Diageo not to disburse $40 million to him

More trouble for Vijay Mallya: DRT directs Diageo not to disburse $40 million to him

The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse USD 40 million of the USD 75 million deal to Vijay Mallya.

Diageo submits Vijay Mallya's settlement deal to debt recovery tribunal

Diageo submits Vijay Mallya's settlement deal to debt recovery tribunal

In what could further tighten Vijay Mallya's position, Diageo has submitted the settlement agreement to debt recovery tribunal (DRT).

Diageo can increase it's cut in United Spirits

Diageo can increase it's cut in United Spirits

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Will retire from Chairmanship of Sanofi India: Vijay Mallya

Will retire from Chairmanship of Sanofi India: Vijay Mallya

Beleaguered liquor baron Vijay Mallya Wednesday announced he will retire as Chairman of Sanofi India and will not seek reelection as a director of the drug maker, nearly a month after he signed a sweetheart deal with Diageo to step down as Chairman of United Spirits Ltd.

ED issues fresh summons to Vijay Mallya in loan default case, asks him to appear on April 2

ED issues fresh summons to Vijay Mallya in loan default case, asks him to appear on April 2

The Enforcement Directorate (ED) on Friday issued fresh summons to liquor baron Vijay Mallya to appear on April 2 in a money laundering probe related to IDBI loan fraud case.

Loan default case: Vijay Mallya not to appear before ED today, seeks time till April

Loan default case: Vijay Mallya not to appear before ED today, seeks time till April

ED had earlier issued summons to Mallya for "personal appearance" before it in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).

After Diageo, Heineken may ask Vijay Mallya to step down from UB board

After Diageo, Heineken may ask Vijay Mallya to step down from UB board

Vijay Mallya has already been forced to give up control over United Spirits, part of his UB Group, to Diageo, which now owns about 55 percent of the company.

After Diageo, Heineken likely to ask Vijay Mallya to step down from UB board

Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India`s largest brewer, three people with direct knowledge of the plan told Reuters

Loan default case: Vijay Mallya not to appear before ED on Friday, seeks more time

Loan default case: Vijay Mallya not to appear before ED on Friday, seeks more time

ED had earlier issued summons to Vijay Mallya for "personal appearance" before it in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).

Vijay Mallya made at least 4 foreign trips before March 2 departure since look-out-circular

Vijay Mallya made at least 4 foreign trips before March 2 departure since look-out-circular

Under attack liquor baron Vijay Mallya went abroad at least 4 times before his March 2 departure since a look-out-notice was issued against his name by CBI on October 16 to learn about his movements