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SFIO widens Vijay Mallya probe; former top bankers under scanner

SFIO widens Vijay Mallya probe; former top bankers under scanner

Widening its probe into the financial irregularities at erstwhile Kingfisher Airlines, SFIO has started examining former chiefs of various banks, including public sector lenders, for having extended fresh loans allegedly without full due-diligence amid ballooning losses at the Vijay Mallya-owned carrier.

Bad time continues for banks; Kingfisher Airlines brands auction fails again

Bad time continues for banks; Kingfisher Airlines brands auction fails again

In a big disappointment for the lenders for the second time, auction of the long-grounded Kingfisher Airlines' (KFA) trademarks and logo turned out to be damp squib once again despite having a lower reserve price.

Banks to auction Kingfisher Airlines brands again on Thursday at lower price

Banks to auction Kingfisher Airlines brands again on Thursday at lower price

In their second attempt at recovering a part of the dues of over Rs 9,000 crore from now defunct Kingfisher Airlines, lenders will re-auction the airlines' trademarks, including Kingfisher logo and the once-famous tag-line 'Fly the Good Times' on Thursday, but at a lower reserve price of Rs 330.03 crore.

Service Tax Dept may go for reauction of Vijay Mallya's jet

Service Tax Dept may go for reauction of Vijay Mallya's jet

The Service Tax Department may go for another round of bidding for luxury jet of embattled businessman Vijay Mallya as the highest bid received during the auction here was a measly Rs 27 crore against the reserve price of Rs 152 crore.

Fresh trouble brews for Vijay Mallya; CBI registers cheating case

Fresh trouble brews for Vijay Mallya; CBI registers cheating case

CBI has registered a fresh case against beleaguered liquor baron Vijay Mallya for allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore by not keeping commitments to repay loans taken for his now-defunct Kingfisher Airlines.

Kingfisher House auction fails due to high reserve price

Kingfisher House auction fails due to high reserve price

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Kingfisher House auction fails again; no bidder turns up

Kingfisher House auction fails again; no bidder turns up

The auction of Kingfisher House proved a damp squib yet again Thursday as no bidder turned up for the erstwhile headquarters of Vijay Mallya-led group's long- grounded airline at a reduced reserve price of Rs 135 crore.

Bidders remain elusive for Kingfisher House; auction may fail

Bidders remain elusive for Kingfisher House; auction may fail

The proposed auction of Kingfisher House, the erstwhile headquarters of Vijay Mallya-led group's long-grounded airline, may prove to be a damp squib yet again tomorrow as bidders have remained elusive even at a reduced reserve price of Rs 135 crore.

Couches to jet: Vijay Mallya assets to go under hammer for Rs 700 crore

Couches to jet: Vijay Mallya assets to go under hammer for Rs 700 crore

As the lenders and tax authorities cool their heels for Vijay Mallya to return to India, they will put under hammer next month assets worth over Rs 700 crore of the embattled businessman's long-defunct Kingfisher Airlines.

HC upholds summoning of Vijay Mallya in cheque-bounce cases

HC upholds summoning of Vijay Mallya in cheque-bounce cases

The Delhi High Court on Friday upheld the trial court order summoning liquor baron Vijay Mallya as an accused in several cheque-bouncing cases filed against him by Delhi airport operator DIAL, saying being incharge of the company he was "equally liable to be prosecuted".

Delhi HC upholds trial court's order summoning Vijay Mallya

Delhi HC upholds trial court's order summoning Vijay Mallya

The Delhi High Court on Friday upheld a trial court order summoning the liquor baron Vijay Mallya as an accused in the cheque bounce cases.

Not liable to repay Rs 6,000 crore debt due to breach of terms: Kingfisher Airlines

Not liable to repay Rs 6,000 crore debt due to breach of terms: Kingfisher Airlines

The Kingfisher Airlines Limited, a holding company of Vijay Mallya, Monday said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restructuring Agreement between both parties, which caused needless damages to the firm's business.

SC issues notice to Vijay Mallya for not disclosing assets

SC issues notice to Vijay Mallya for not disclosing assets

The Supreme Court on Monday issued notice to Vijay Mallya on plea seeking contempt proceedings against him alleging that he has not given full details of his assets.

Vijay Mallya's 8 luxury cars to be auctioned for Rs 14 lakh

Vijay Mallya's 8 luxury cars to be auctioned for Rs 14 lakh

Beleaguered businessman Vijay Mallya's 8 luxury cares will be auction by public lender SBI on August 25.

Court to hear chaque bounce case against Vijay Mallya on August 6

Court to hear chaque bounce case against Vijay Mallya on August 6

A Delhi court Sunday fixed August 6 for hearing a cheque bounce case against liquor baron Vijay Mallya by Delhi International Airport Ltd (DIAL).

More trouble for Vijay Mallya: Court issues non-bailable warrant in cheque bouncing case

More trouble for Vijay Mallya: Court issues non-bailable warrant in cheque bouncing case

In more trouble for the promoter of defunct Kingfisher Airlines, Vijay Mallya, a metropolitan court in suburban Andheri here on Saturday issued a non bailable warrant against him in a case of cheque bouncing filed by the Airports Authority of India (AAI).

Vijay Mallya was not involved in daily affairs of Kingfisher Airlines: HC told

Vijay Mallya was not involved in daily affairs of Kingfisher Airlines: HC told

Liquor baron Vijay Mallya was not involved in day-to-day affairs of Kingfisher Airlines (KFA) and cannot be held liable in several cheque-bouncing cases filed against him by Delhi airport operator DIAL, his counsel told the Delhi High Court today.

DRT dismisses plea of Kingfisher Airlines for amending its reply

DRT dismisses plea of Kingfisher Airlines for amending its reply

The Debt Recovery Tribunal today dismissed an application by Kingfisher Airlines seeking an amendment to its earlier reply on the original application (OA) filed by a consortium of banks in the Vijay Mallya bank loan default case and demanding Rs 3,000 crore toward losses suffered by it.

Life must go on, says Vijay Mallya in rare public appearance

Life must go on, says Vijay Mallya in rare public appearance

Embattled Indian business tycoon Vijay Mallya, declared a proclaimed offender by a Mumbai court in a money laundering case, on Friday said that "life must go on" as he made a rare public appearance on the Formula 1 racing track here.

Vijay Mallya default case: DRT to pass order on Kingfisher Airlines application today

Vijay Mallya default case: DRT to pass order on Kingfisher Airlines application today

The Debt Recovery Tribunal may pass orders Thursday on an application by Kingfisher Airlines seeking amendment to its earlier written reply in response to the original application (OA) filed by a consortium of banks in the Vijay Mallya case.