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3 mins read
India's most wanted borrower Vijay Mallya gets sentenced to 4 months in jail
The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya in a c…
PTI
3 mins read
Former IDBI GM conspired with Vijay Mallya over short term loan to Kingfisher Airlines: CBI
A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disb…
PTI
3 mins read
India’s corporate fraud investigation agency and the CEOs of state-owned banks can now directly prevent scamsters from leaving the country
Prior to these changes, the ability to request for LOCs was mainly extended to police auth…
1 min read
UK court allows Indian banks to collect claims worth $1.55 billion from tycoon Vijay Mallya
The prosecution, which was representing the banks, successfully argued that Mallya “willfully …
2 mins read
PNB win in UK court may set precedent for Mallya loan recovery
The judgement may set a precedent in the debt recovery case in the UK against Mallya by a consor…
1 min read
SBI wants Vijay Mallya arrested
Not only an arrest, SBI also wants his passport to be impounded and a complete disclosure of his pe…
1 min read
PNB not the only bank to declare me a defaulter, will do what I have to do: Mallya
The man who is known for his flamboyance and hosting lavish parties even when his companies have be…
1 min read
Another name appears in witch-hunting by banks; diamond house Winsome Group under Rs 6, 800 crore debt
In 2013, two Winsome Group companies, a diamond house, defaulted with 14 banks and created a debt o…
2 mins read
'Forcing Vijay Mallya to come back to India is bad strategy'
Tech investor TV Mohandas Pai today said that forcing beleaguered businessman Vijay Mallya, who owe…
2 mins read
Over Rs 68,600 cr loans of wilful defaulters, including Choksi, Mallya firms, written off: RBI in RTI reply
Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically wr…
PTI
1 min read
SBI cleans up its balance sheets by writing off loans of 63 willful defaulters, including Vijay Mallya
SBI has mostly dropped the money willfully under Collection Account (AUCA), commonly known as a wri…
1 min read
FM Arun Jaitley takes a dig at Vijay Mallya, says banks should ensure no defaulter gets away
Amid a raging row over recovery of soured debt from tycoon Vijay Mallya, Finance Minister Arun Jait…
1 min read
Bankers are worried after CBI arrests IDBI chief in suspected loan fraud case involving Vijay Mallya, call it ‘witch hunt’
Bankers are worried and have termed the arrests as a ‘witch hunt’ after a Mumbai court remanded Aga…
1 min read
SC issues notice to Vijay Mallya, his presence may not be required in the court
Instead, the apex court issued notices to Mallya, seeking his views on the petition filed for his p…
2 mins read
United Bank Of India First Bank To Declare KFA And Vijay Mallya As Wilful Defaulter
There are serious repercussions of a company being declared a wilful defaulter which include restri…
Economic Times
1 min read
Lost hopes! SBI expects to recover only part of Kingfisher loans
"There are no takers for the Kingfisher Airlines brands which are valued (at) Rs 7-315 crore." a se…
1 min read
Another Mallya in the making? A wait of two years and lenders receive peanuts from Winsome group
Winsome spokespersons and its promoter Jatin Mehta have maintained their stand of being unable to r…
1 min read
Increasing Troubles for Vijay Mallya: After UBI, IDBI To Declare Him As Wilful Defaulter
“Last week, IDBI too had sent a letter to the management regarding their outstanding debts. Vijay M…
1 min read
Kingfisher Airlines Gets Relief From Calcutta High Court Against Wilful Defaulter Tag
“We had earlier stated that we would legally challenge the wrongful decision of United Bank of In…
1 min read
Breaking News: Vijay Mallya granted bail; says extradition hearing was “expected”
Mallya, 61, fled to Britain in March 2016 after banks sued to recover about $1.4 billion that …