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Court allows banks to sell Vijay Mallya's real estate assets and securities

  • Vijay Mallya is accused in a bank loan default case of over 9,000 crore involving his defunct Kingfisher Airlines and is presently in the United Kingdom.
Vijay Mallya was declared as a fugitive economic offender in January 2019 by a special court in Mumbai.(Reuters file photo)
Vijay Mallya was declared as a fugitive economic offender in January 2019 by a special court in Mumbai.(Reuters file photo)
Published on Jun 05, 2021 03:47 PM IST
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ANI | , New Delhi

UK trying to resolve issue holding up Vijay Mallya’s extradition as quickly as possible

Extradition proceedings against the liquor baron concluded in May after the UK high court rejected Mallya’s plea to approach Britain’s Supreme Court against the move to send him back to India
Vijay Mallya.(REUTERS File)
Vijay Mallya.(REUTERS File)
Updated on Nov 10, 2020 05:04 PM IST
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Hindustan Times, New Delhi | ByHT Correspondent | Edited by Zara Khan

CBI gets letter rogatory to investigate fund flow in Vijay Mallya’s bank accounts

The agency has said it has reasons to believe that the loans Mallya availed from Indian banks were diverted and invested in companies based in countries like the US, UK, and Switzerland
Mallya lost an appeal in Britain’s high court in April against a 2018 decision to extradite him to India to face fraud charges linked to the collapse of his defunct company Kingfisher Airlines.(Reuters)
Mallya lost an appeal in Britain’s high court in April against a 2018 decision to extradite him to India to face fraud charges linked to the collapse of his defunct company Kingfisher Airlines.(Reuters)
Updated on Sep 22, 2020 05:24 PM IST
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Hindustan Times, Mumbai | By

Do not consider Vijay Mallya’s asylum request, India messages UK

Vijay Mallya is wanted in India to face charges of financial offences involving Rs 9,000 crore borrowed by his now-defunct Kingfisher Airlines from several national banks.
Vijay Mallya lost his appeal against the 2018 order to extradite him in the UK high court in April. Last month, the high court also refused Mallya permission to appeal in the UK Supreme Court.(AFP photo)
Vijay Mallya lost his appeal against the 2018 order to extradite him in the UK high court in April. Last month, the high court also refused Mallya permission to appeal in the UK Supreme Court.(AFP photo)
Updated on Jun 11, 2020 11:01 PM IST
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Hindustan Times, New Delhi | By

Fugitive businessman Vijay Mallya loses appeal against extradition in UK High Court

Vijay Mallya had appealed against his extradition ordered by a UK court in December 2018
Vijay Mallya‘s appeal against his extradition to India has been rejected by the UK High Court.(AFP)
Vijay Mallya‘s appeal against his extradition to India has been rejected by the UK High Court.(AFP)
Updated on Apr 21, 2020 06:35 PM IST
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Hindustan Times, London | By

‘Please banks, take your money’: Vijay Mallya appeals again after UK court hearing

Mallya had received permission to appeal against his extradition order signed off by former UK home secretary Sajid Javid last February only on one ground, which challenges the Indian government’s prima facie case against him of fraudulent intentions in acquiring bank loans.
Indian businessman Vijay Mallya is seen outside the Royal Courts of Justice in London, Britain on February 11, 2020.(Reuters File Photo on)
Indian businessman Vijay Mallya is seen outside the Royal Courts of Justice in London, Britain on February 11, 2020.(Reuters File Photo on)
Updated on Feb 13, 2020 11:50 PM IST
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London | ByPress Trust of India

India accuses Mallya of ‘absolute lies’ as lawyers spar in UK court

CPS lawyer Mark Summers, who is representing Indian government in the case Vijay Mallya case, noted that in extradition cases, British courts are solely required to establish whether the person requested has a prima facie case to answer, not to establish the truth and arrive at a conviction.
Vijay Mallya’s lawyer has insisted that the Indian businessman’s inability to repay bank loans was due to a genuine business failure and the result if wider challenges facing the aviation industry.(REUTERS)
Vijay Mallya’s lawyer has insisted that the Indian businessman’s inability to repay bank loans was due to a genuine business failure and the result if wider challenges facing the aviation industry.(REUTERS)
Updated on Feb 13, 2020 11:44 PM IST
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Hindustan Times, London | By

Proof of deception, fraud against Vijay Mallya: India in UK court

Besides, the Crown Prosecution Service on behalf of India on Wednesday insisted that there is “overwhelming” evidence of fraud and decelption on the part of controversial businessman Vijay Mallya, who is facing extradition to face charges of major financial offences.
Vijay Mallya(Reuters file photo)
Vijay Mallya(Reuters file photo)
Updated on Feb 13, 2020 02:55 AM IST
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Hindustan Times, London | By

Not a single paisa paid, says Justice Nariman before recusing from Vijay Mallya’s case

Justice Nariman has recused himself from the case. Chief Justice Bobde will reconstitute the bench that will hear the case.
Fugitive businessman Vijay Mallya had petitioned the Supreme Court in June last year to seek a stay on confiscation of properties owned by him.(REUTERS File)
Fugitive businessman Vijay Mallya had petitioned the Supreme Court in June last year to seek a stay on confiscation of properties owned by him.(REUTERS File)
Updated on Jan 20, 2020 05:41 PM IST
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Hindustan Times, New Delhi | ByMurali Krishnan

Ask SBI to release 1 month salary to Jet staff: Aviators Guild to PM Modi

In a late evening e-mail to the prime minister, the guild also sought government’s directive to “stop de-registration” of the airline’s aircraft, which are now being leased by other domestic carriers.
Ask SBI to release one month’s salary to Jet staff: National Aviator’s Guild to PM Modi(HT File)
Ask SBI to release one month’s salary to Jet staff: National Aviator’s Guild to PM Modi(HT File)
Updated on Apr 28, 2019 09:38 AM IST
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Mumbai | ByPress Trust of India

No stay on confiscation of Vijay Mallya’s Indian assets

The judges asked as to how Mallya was aggrieved by the confiscation when his creditors and banks should have been more concerned with the attached assets in order to secure their dues.
Mallya, 63, has challenged in the court the constitutional validity of some sections of the Fugitive Economic Offenders (FEO) Act, 2018(AP)
Mallya, 63, has challenged in the court the constitutional validity of some sections of the Fugitive Economic Offenders (FEO) Act, 2018(AP)
Published on Apr 24, 2019 11:53 PM IST
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Mumbai | By

‘Who does one believe?’: Vijay Mallya’s latest tweet attack on PM Modi

Vijay Mallya, who is wanted in India for defaulting on crores of rupees in loans, cited a statement by the Prime Minister as he also took a dig at banks over contradictory statements made in British courts regarding the recovery of money he owes them.
Mallya was referring to an interview Modi gave to Republic Bharat news channel on March 29, saying he was satisfied that the former Kingfisher Airlines boss’ extradition process was in the last stage and the government has recovered money from him.(Getty Images)
Mallya was referring to an interview Modi gave to Republic Bharat news channel on March 29, saying he was satisfied that the former Kingfisher Airlines boss’ extradition process was in the last stage and the government has recovered money from him.(Getty Images)
Updated on Apr 18, 2019 11:04 AM IST
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Hindustan Times, New Delhi | By

Vijay Mallya to be ‘scapegoat’ if extradited? No, says UK judge

Mallya has until Friday to apply for a hearing in an open court. If applied, it will be heard by a high court judge on a date to be decided based on the court’s schedule.
In India, Vijay Mallya has been declared a fugitive economic offender.(REUTERS PHOTO)
In India, Vijay Mallya has been declared a fugitive economic offender.(REUTERS PHOTO)
Updated on Apr 11, 2019 03:35 PM IST
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Hindustan Times, London | By

Beer king Vijay Mallya may have to curb his $24,000-a-week life

The banks are seeking to seize about 258,000 pounds held in Mallya’s ICICI Bank UK Plc account. They have accused Mallya of willfully defaulting on debts of Kingfisher Airlines, which was founded in 2005 and folded in 2012. The UK resident is fighting his extradition to India to face criminal fraud charges.
Vijay Mallya is currently spending about 18,300 pounds a week.(AP)
Vijay Mallya is currently spending about 18,300 pounds a week.(AP)
Updated on Apr 04, 2019 08:38 AM IST
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Bloomberg | ByThomas Beardsworth

Additional evidence against Nirav Modi submitted in UK court

Arbuthnot is the same judge who had ordered the extradition of former Kingfisher Airlines boss Vijay Mallya last December.
The defence is deliberating over that new file and the judge will review it before Modi is produced before her for his second bail application hearing around 12.30 (local time).(Aniruddha Chowdhury/Mint)
The defence is deliberating over that new file and the judge will review it before Modi is produced before her for his second bail application hearing around 12.30 (local time).(Aniruddha Chowdhury/Mint)
Updated on Mar 29, 2019 06:37 PM IST
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London | ByPress Trust of India

‘Damned if you do and damned if you don’t’: Vijay Mallya’s latest attack on banks

The Central Bureau of Investigation (CBI) and ED have launched probes against Vijay Mallya over allegations levelled by a consortium of 17 banks that provided loans to the now-defunct airline.
Fugitive liquor baron Vijay Mallya leaves after an extradition hearing at Westminster Magistrates Court, in central London.(REUTERS)
Fugitive liquor baron Vijay Mallya leaves after an extradition hearing at Westminster Magistrates Court, in central London.(REUTERS)
Updated on Mar 28, 2019 08:26 AM IST
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Hindustan Times, New Delhi | By

UK court set to decide on Vijay Mallya’s appeal against extradition

Vijay Mallya’s extradition case has progressed through the Westminster Magistrates Court, which ordered his extradition in December 2018. An appeals court judge will now decide whether grounds cited in his application merit progressing the case to a full hearing.
Facing charges of financial irregularities worth over <span class='webrupee'>₹</span>9,000 crore, Mallya again took to twitter on Tuesday to reiterate his main contention that his inability to return bank loans was a result of genuine business failure, offering to repay them.(AP File Photo)
Facing charges of financial irregularities worth over 9,000 crore, Mallya again took to twitter on Tuesday to reiterate his main contention that his inability to return bank loans was a result of genuine business failure, offering to repay them.(AP File Photo)
Updated on Mar 27, 2019 07:02 AM IST
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Hindustan Times, London | By

‘Double standards’: Vijay Mallya tweet attacks Centre after Jet Airways loan

Vijay Mallya pointed out in a series of tweets that the Bharatiya Janata Party-led National Democratic Alliance government did nothing for him even though he invested crores of rupees into his now defunct Kingfisher Airlines.
Fugitive liquor baron Vijay Mallya questioned the BJP’s criticism of the United Progressive Alliance government under Manmohan Singh for its efforts to bail out his Kingfisher Airlines.(PTI File Photo)
Fugitive liquor baron Vijay Mallya questioned the BJP’s criticism of the United Progressive Alliance government under Manmohan Singh for its efforts to bail out his Kingfisher Airlines.(PTI File Photo)
Updated on Mar 26, 2019 10:46 AM IST
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Hindustan Times, New Delhi | By

Lessors doubt Jet Airways rescue plan, pull out more planes: Report

Nine of Jet’s planes have been grounded by lessors, versus the four it reported last month, with AerCap Holdings NV and BOC Aviation Ltd among those who have pulled out planes, sources told Reuters.
Lessors doubt Jet Airways rescue plan, pull out more planes: Report(HT MINT)
Lessors doubt Jet Airways rescue plan, pull out more planes: Report(HT MINT)
Updated on Feb 21, 2019 06:17 PM IST
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Singapore/Bengaluru | ByReuters

Let Vijay Mallya repay his debts

The primary concern of the banks should be the bad loans on their books
Vijay Mallya’s company, Kingfisher Airlines, defaulted on loans worth around Rs 9000 crore to a consortium of Indian banks, and he fled the country just before a debt court ordered action against him(AP)
Vijay Mallya’s company, Kingfisher Airlines, defaulted on loans worth around Rs 9000 crore to a consortium of Indian banks, and he fled the country just before a debt court ordered action against him(AP)
Updated on Feb 15, 2019 05:48 PM IST
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Hinudstan Times | By

‘No intention to return’: Court on declaring Mallya fugitive economic offender

Mallya was declared as Fugitive Economic Offender under the FEO Act by special judge, Prevention of Money Laundering Act (PMLA) cases, M S Azmi on January 5. The order running into 55 pages was signed on Saturday where the court rejected Mallya’s defence that he wanted to repay his loan.
Vijay Mallya during his extradition case hearing at Westminster Magistrates Court in London. It has recommended he be extradited to India, while a court in India has declared him a fugitive economic offender (File Photo)(AP)
Vijay Mallya during his extradition case hearing at Westminster Magistrates Court in London. It has recommended he be extradited to India, while a court in India has declared him a fugitive economic offender (File Photo)(AP)
Updated on Jan 20, 2019 09:30 AM IST
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Hindustan Times, Mumbai | By

Fresh trouble for Mallya as he faces bankruptcy proceedings in UK court

The latest legal action by SBI and other lenders relates to declaring Mallya bankrupt as part of their efforts to seize his assets in the UK to recover the loans. He is planning to contest the fresh petition which, according him, is “not sustainable”.
Liquor baron Vijay Mallya is now facing bankruptcy proceedings in a London court (File Photo)(AP)
Liquor baron Vijay Mallya is now facing bankruptcy proceedings in a London court (File Photo)(AP)
Updated on Dec 16, 2018 11:49 PM IST
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Hindustan Times, London | By

Centre “deeply satisfied” with UK court’s verdict on Vijay Mallya

External Affairs Ministry Spokesperson Raveesh Kumar said India will continue to work with the British government for “expeditious” implementation of the court order.
File Image -Vijay Mallya leaves Westminster Magistrates Court in London.(REUTERS)
File Image -Vijay Mallya leaves Westminster Magistrates Court in London.(REUTERS)
Updated on Dec 11, 2018 11:00 AM IST
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New Delhi | ByPTI

Vijay Mallya extradition case: Arthur Road Jail keeps high security cell ready

A United Kingdom court has ordered the extradition of businessman Vijay Mallya to India to face charges of financial irregularities running into thousands of crores.
Vijay Mallya leaves Westminster Magistrates Court in London, Britain, September 12, 2018.(REUTERS file photo)
Vijay Mallya leaves Westminster Magistrates Court in London, Britain, September 12, 2018.(REUTERS file photo)
Updated on Dec 10, 2018 06:19 PM IST
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Mumbai | ByPress Trust of India

Vijay Mallya LIVE updates: “Nothing to be shocked about,” says businessman on UK court’s extradition order

A court in the United Kingdom ordered on Monday to extradite Vijay Mallya to India to face charges of financial irregularities running into thousands of crores but the businessman is unlikely to return anytime soon.The 62-year-old former boss of Kingfisher Airlines has been on bail since his arrest on an extradition warrant in April last year. He has contested that the extradition case against him is “politically motivated” and the loans he has been accused of defrauding on were sought to keep his now-defunct airline afloat.Here are the live updates:

A court in the United Kingdom will decide on Vijay Mallya’s extradition to India today to face charges of financial irregularities(AP)
A court in the United Kingdom will decide on Vijay Mallya’s extradition to India today to face charges of financial irregularities(AP)
Updated on Dec 10, 2018 08:49 PM IST
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Hindustan Times, New Delhi | By

Business tycoon Vijay Mallya’s extradition ordered by UK court

A court in the United Kingdom is set to decide on Vijay Mallya’s extradition to India to face charges of financial irregularities running into thousands of crores but the businessman is unlikely to return anytime soon.
A UK court has ordered Vijay Mallya’s extradition to India(AFP)
A UK court has ordered Vijay Mallya’s extradition to India(AFP)
Updated on Dec 11, 2018 06:18 AM IST
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Hindustan Times, London | By

‘Ready to pay back 100%’: Mallya wonders why his offer not being accepted

Mallya is facing extradition from the United Kingdom to India to face charges of financial irregularities running into thousands of crores. Judgement in the high-profile case is due in the Westminster magistrates court on Monday.
Liquor tycoon Vijay Mallya at the Westminster Magistrates Court in London where his extradition case is being heard. Mallya, the United Breweries Group chairman and co-owner of the Force India F1 team is wanted in India to face fraud allegations.(AP/PTI (File Photo)(AP)
Liquor tycoon Vijay Mallya at the Westminster Magistrates Court in London where his extradition case is being heard. Mallya, the United Breweries Group chairman and co-owner of the Force India F1 team is wanted in India to face fraud allegations.(AP/PTI (File Photo)(AP)
Updated on Dec 05, 2018 10:31 PM IST
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Hindustan Times, London | By

‘Please take it’: Vijay Mallya tweets offer to pay 100% back to banks, govt

Mallya, who is being investigated for fraud and money-laundering, “humbly requested” various banks to take back all the money he borrowed to keep his now-defunct Kingfisher Airlines afloat.
Vijay Mallya, founder and chairman of Kingfisher Airlines Ltd.(Bloomberg file photo)
Vijay Mallya, founder and chairman of Kingfisher Airlines Ltd.(Bloomberg file photo)
Updated on Dec 05, 2018 10:32 AM IST
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Hindustan Times, New Delhi | By

In another setback for Vijay Mallya, court rejects plea to stay ‘fugitive’ proceedings

The development in the Special Prevention of Money Laundering Act (PMLA) Court came a week after the Bombay High Court (on November 22) dismissed a similar appeal filed by Mallya.
Among other things, the former chief of the now-defunct Kingfisher Airlines is wanted for committing alleged bank frauds of <span class='webrupee'>₹</span>9,000 crore, and is currently holed up in the UK, fighting several cases.(AP)
Among other things, the former chief of the now-defunct Kingfisher Airlines is wanted for committing alleged bank frauds of 9,000 crore, and is currently holed up in the UK, fighting several cases.(AP)
Updated on Nov 29, 2018 10:25 PM IST
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Indo Asian News Service | ByIndo Asian News Service

Bombay high court rejects Vijay Mallya plea for stay on ED move to tag him fugitive

Bizman approached high court after ED sought to confiscate his properties
Vijay Mallya is currently a proclaimed fugitive and has been staying in London for the past two years.(AP FILE)
Vijay Mallya is currently a proclaimed fugitive and has been staying in London for the past two years.(AP FILE)
Updated on Nov 23, 2018 07:37 AM IST
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Hindustan Times | ByKanchan Chaudhari, Mumbai
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