Kingfisher Airlines

UK High Court says 'there are grounds' to rule Vijay Mallya a fugitive

UK High Court says 'there are grounds' to rule Vijay Mallya a fugitive

The High Court remained unconvinced by Mallya's claim that he has been a non-resident Indian (NRI) since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain (ILR).

May 09, 2018, 22:23 PM IST
Vijay Mallya loses Rs 10,000 crore lawsuit filed by Indian banks in UK

Vijay Mallya loses Rs 10,000 crore lawsuit filed by Indian banks in UK

Judge Andrew Henshaw refused to overturn a worldwide order freezing 62-year-old Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly USD 1.55 billion (1.145 billion pounds).

May 08, 2018, 22:20 PM IST
Who is Pinky Lalwani, the woman Vijay Mallya is reportedly going to marry?

Who is Pinky Lalwani, the woman Vijay Mallya is reportedly going to marry?

Pinky Lalwani, who is said to be much younger than Mallya, has been with him for three years.

Mar 30, 2018, 09:59 AM IST
Vijay Mallya set to get married for the third time: Reports

Vijay Mallya set to get married for the third time: Reports

Pinky Lalwani, a former Kingfisher air-hostess, has been with Mallya for three years.

Mar 30, 2018, 09:29 AM IST
Nirav Modi effect? PNB sees 23% rise in outstandings against big wilful defaulters

Nirav Modi effect? PNB sees 23% rise in outstandings against big wilful defaulters

The 123-year old state-lender has unearthed Rs 11,400 crore fraud allegedly involving billionaire jeweller Nirav Modi and associate entities.

Feb 18, 2018, 17:44 PM IST
UK court awards BOC Aviation $90 million against Vijay Mallya

UK court awards BOC Aviation $90 million against Vijay Mallya

The latest case involving the 62-year-old businessman, whose extradition case over alleged loan defaults amounting to around Rs 9,000 crore

Feb 12, 2018, 19:20 PM IST
Should Vijay Mallya be declared a proclaimed offender? Delhi court to decide today

Should Vijay Mallya be declared a proclaimed offender? Delhi court to decide today

A court in Delhi will hear FERA violation case against Vijay Mallya. 

Jan 04, 2018, 06:50 AM IST
Indian jails over-crowded with poor hygiene: Vijay Mallya's defence

Indian jails over-crowded with poor hygiene: Vijay Mallya's defence

The trial seeks to prove that there are no "bars to extradition" and that Mallya is assured a fair trial in India over his now-defunct Kingfisher Airlines's alleged default of over Rs 9,000-crore in loans from Indian banks.

Dec 14, 2017, 20:36 PM IST
Vijay Mallya assets freeze order in UK courts until April 2018

Vijay Mallya assets freeze order in UK courts until April 2018

According to court documents submitted at the UK High Court, the claim brought by 13 Indian banks against the 61- year-old businessman will come up for a hearing in April next year.

Dec 13, 2017, 21:22 PM IST
Vijay Mallya's extradition trial: Defence brings in banking expert

Vijay Mallya's extradition trial: Defence brings in banking expert

Paul Rex was deposed on day three of the ongoing trial at Westminster Magistrates' Court in London to determine whether the 61-year-old businessman can be forced to return to India to face charges of fraud and money laundering allegedly amounting to around Rs 9,000 crores.

Dec 07, 2017, 20:12 PM IST
India's evidence for Vijay Mallya's extradition amounts to zero: Defence

India's evidence for Vijay Mallya's extradition amounts to zero: Defence

The 61-year-old liquor baron, wanted in India on charges of fraud and money laundering allegedly amounting to around Rs 9,000 crores, was in the dock at Westminster Magistrates' Court for his defence, headed by barrister Clare Montgomery.

Dec 05, 2017, 20:16 PM IST
Vijay Mallya extradition hearing continues for second day

Vijay Mallya extradition hearing continues for second day

The case against him centres on a series of loans Kingfisher obtained from Indian banks, especially state-owned lender IDBI.

Dec 05, 2017, 17:24 PM IST
Vijay Mallya has case of fraud to answer, UK court told

Vijay Mallya has case of fraud to answer, UK court told

The CPS detailed "three chapters of dishonesty" by the former Kingfisher Airlines boss the first being misrepresentations to various banks to acquire the loans, then how he misused the money and finally his conduct after the banks recalled the loans.

Dec 05, 2017, 07:05 AM IST
Mallya arrives at UK court for extradition trial, says charges against him false, baseless

Mallya arrives at UK court for extradition trial, says charges against him false, baseless

The 61-year-old businessman, who has been in self-imposed exile in the UK since March 2016 when he left India, is wanted in India on charges relating to his defunct Kingfisher Airlines defaulting on loans from various Indian banks amounting to Rs 9,000 crore.

Dec 04, 2017, 09:30 AM IST
Kingfisher case: SFIO gets nod for filing prosecution cases

Kingfisher case: SFIO gets nod for filing prosecution cases

In its detailed report on the matter submitted to the ministry recently, the Serious Fraud Investigation Office (SFIO) flagged various violations by individuals and entities related to the now-defunct Kingfisher Airlines, which was owned by Mallya.

Nov 22, 2017, 21:41 PM IST
ED in court to declare Vijay Mallya proclaimed offender

ED in court to declare Vijay Mallya proclaimed offender

The court had on April 12 issued an open-ended non- bailable warrant against the liquor baron.

 

Nov 08, 2017, 14:41 PM IST

The 'fugitive' Indian tycoon

Strange, isn't it? There are selected number of people in our country who enjoy wealth like an average class enjoys food at home.

Oct 10, 2017, 15:18 PM IST
Kingfisher probe: Officials, directors under lens for violations

Kingfisher probe: Officials, directors under lens for violations

Sources said all banks where the SFIO has found lapses with respect to loans extended to the defunct airline are under the scanner.

Oct 08, 2017, 16:47 PM IST
What is the case against Vijay Mallya, Kingfisher airlines?

What is the case against Vijay Mallya, Kingfisher airlines?

Once called the 'King of Good Times' for his extravagant lifestyle, Mallya has been embroiled in financial scandals since 2012.

Oct 03, 2017, 18:02 PM IST
Vijay Mallya's pre-trial hearing set for November 20

Vijay Mallya's pre-trial hearing set for November 20

The flamboyant businessman, out on bail on an extradition warrant, is exempt from appearing for hearings before his trial is scheduled to start on December 4 and chose not to attend today's hearing at Westminster Magistrates' Court here.

Sep 14, 2017, 20:44 PM IST