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20 Aug 2023

'King of Good Times', Who Owned A Boeing 727, Ended Up Being A Fugitive

In 1983, at the age of 28, Mallya succeeded his father as chairman of United Breweries Holdings. He possessed almost 250 classic cars, a private plane, a customized Boeing 727, yachts, and stud farms with about 200 horses. At a London auction, Mallya made a 1.7-crore offer for the sword of Tipu Sultan and other artifacts, which he then brought back to India.

25 Dec 2021

NCLAT stays CCI order imposing Rs 873 crore penalty on beer makers

Kingfisher maker United Breweries is faced with a fine of Rs 751.8 crore. NCLAT bench has directed United Breweries to deposit 10 per cent of the penalty amount withing three weeks. The NCLAT has also directed the CCI and the All India Brewers Association to file replies over the notices issued by it.

26 Oct 2020

Around Rs 3,600 crore recovered from Vijay Mallya: SC told

Consortium of banks led by the SBI told SC. Total dues of UBHL are around Rs 7,000 crore. UBHL had told SC that it offered Rs 14,000 crore to various banks.

24 Jul 2018

Vijay Mallya may be in talks to return to India: Reports

Vijay Mallya may have indicated to Indian authorities that he is willing to return and join the legal process here.

18 Jun 2018

Mallya diverted Rs 3,700 cr bank loan funds to F1, IPL: ED chargesheet

The ED in 2017 filed its first chargesheet against embattled liquor baron Vijay Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case.

16 Nov 2017

Sebi attaches bank, demat, MF accounts of Mallya's UBHL

The decision has been taken after UBHL failed to pay the fine imposed on it.

United Breweries

18 May 2017

United Breweries shares drop 3% on poor Q4 show

Shares of United Breweries on Thursday ended nearly 3 percent down after the company reported a significant fall in standalone net profit at Rs 6.73 crore for the fourth quarter of 2016-17 fiscal.

31 Jan 2017

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".

27 Jan 2017

United Breweries to seek legal advice on Sebi order

United Breweries Ltd on Friday said that it is seeking legal advice for its next course of action following SEBI restraining its Chairman Vijay mallya from holding position as director or key managerial position in any listed company.

25 Nov 2016

Vijay Mallya files plea for recalling contempt order

Beleaguered liquor baron Vijay Mallya has filed an application in the Karnataka High Court for recalling its order summoning him for allegedly violating an undertaking given by him and his companies not to transfer their equity shares in United Breweries to Diageo Plc.

20 Oct 2016

Vijay Mallya case: Karnataka HC summons beleaguered liquor baron to appear on November 24

In a case involved with alleged violation of an undertaking given by beleaguered liquor baron Vijay Mallya, Karnataka High Court summoned him on Thursday. Mallya and his companies had earlier provided an undertaking to not transfer their equity shares in United Breweries to Diageo Plc.

29 Sep 2016

Vijay Mallya bets on judiciary for relief from criminal cases

A defiant liquor baron Vijaya Mallya on Thursday asserted that he would get judicial relief soon from criminal charges filed against him by a consortium of banks for defaulting on loans his defunct airline raised.

United Breweries

29 Sep 2016

United Breweries Holdings Q1 net rises 13-fold to 29.47 cr

Net profit of United Breweries (Holdings) Ltd rose over 13-fold to Rs 29.47 crore for the first quarter ended June 30, 2016.

18 Jun 2016

Vijay Mallya case: HC stays for 3 months DRT order issuing demand notice to UBHL

The Karnataka High Court has stayed for three months the Debt Recovery Tribunal's order issuing a demand notice to Vijay Mallya-owned United Breweries Holdings Limited (UBHL) and Kingfisher Airlines to pay Rs 192 crore on an application by three banks.

18 May 2016

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.

Vijay Mallya ED

18 Mar 2016

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.

Vijay Mallya ED

18 Mar 2016

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).

IDBI loan default case

17 Mar 2016

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).

07 Mar 2016

Vijay Mallya in talks to settle debt with lenders

Indian liquor baron Vijay Mallya said he has been in talks to enter into a one-time settlement with state-run banks, to which his now-defunct carrier Kingfisher Airlines owes more than USD 1 billion.

27 Feb 2016

UBL starts beer supply from acquired Rajasthan brewery

Liquor baron Vijay Mallya-led United Breweries (UBL) has commenced supply of beer from a brewery in Rajasthan it acquired in 2014.

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