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Vijay Mallya may quit UBL board if declared 'wilful defaulter'

Last Updated: Monday, August 18, 2014, 10:38

SBI, PNB and IDBI may soon initiate the process to declare Kingfisher Airlines and others as wilful defaulters after the firms failed to service their debt.

CBI probe into IDBI Bank loan to Kingfisher Airlines

Last Updated: Saturday, August 09, 2014, 17:34

The Central Bureau of Investigation (CBI) has served an inquiry notice on IDBI Bank over a loan of Rs 950 crore it extended to Vijay Mallya-led troubled airline Kingfisher Airlines, saying this extent of exposure was not bona fide.

Sahara Force India happy to retain drivers, says Vijay Mallya

Last Updated: Saturday, July 26, 2014, 11:04

Force India are happy with their current pairing of Nico Hulkenberg and Sergio Perez and see no need to replace either driver next season, the Formula One team`s owner Vijay Mallya said on Friday.

`Banks initiate process of declaring KFA as wilful defaulter'

Last Updated: Thursday, July 24, 2014, 16:42

Once declared wilful defaulter, criminal proceedings can be initiated against promoters and directors of the company.

United Bank to 'name and shame' wilful defaulters: Narang

Last Updated: Friday, July 18, 2014, 14:02

State-owned United Bank of India will soon embark upon process to 'name and shame' its wilful defaulters as part of its effort to recover dues.

Kingfisher Airlines is the nation's biggest defaulter: Report

Last Updated: Thursday, July 17, 2014, 14:02

Kingfisher Airlines has emerged as the country's biggest defaulter as per a report published Thursday by a leading English daily.

KFA dues: Service Tax Dept seeks its share from banks' pie

Last Updated: Tuesday, July 15, 2014, 20:06

Unable to recover over Rs 50 crore dues from Kingfisher Airlines, the services tax department has moved courts to get a share from sale of securities being undertaken by lenders.

UBI asks Mallya, Kingfisher directors to appear on July 9

Last Updated: Sunday, June 29, 2014, 11:11

UBI was the first among other banks in the country to take such a stern step against the grounded airline.

Sebi seeks clarification on rival bids for Mallya group's MCFL

Last Updated: Tuesday, June 24, 2014, 13:49

UB Group currently holds nearly 22 percent stake in MCFL, but over half of their shareholding is pledged.

United Breweries Q4 Net surges over 11-fold to Rs 68 crore

Last Updated: Wednesday, May 28, 2014, 15:45

The company's net sales rose to Rs 973.9 crore for the fourth quarter as compared to Rs 931.92 crore in the same period of previous fiscal, United Breweries Ltd said in a filing to the BSE

SEBI clears Diageo's open offer worth Rs 11,448.91 cr for USL

Last Updated: Monday, May 26, 2014, 18:59

Global liquor giant Diageo Plc has received market regulator SEBI's clearance for an open offer to acquire additional 26 percent stake in United Spirits Ltd for Rs 11,448.91 crore.

SBI exploring ways to declare Mallya wilful defaulter

Last Updated: Friday, May 23, 2014, 19:26

SBI, which has an exposure of Rs 1,600 crore to grounded airline Kingfisher, on Friday said it is exploring ways to declare Vijay Mallya as a 'wilful defaulter'.