UB Group

United Spirits sells Four Seasons Wines business for Rs31.86 crore

15 Jan 2019

London court extends Vijay Mallya’s bail till 12 September

31 Jul 2018

During a brief hearing, the court asked Indian authorities to deliver a video showing availability of natural light and other facilities at Arthur Road jail in Mumbai where Mallaya will be kept

UK court to conclude Vijay Mallya extradition hearings today

31 Jul 2018

Vijay Mallya offers to return as ED moves to confiscate his assets

25 Jul 2018

Beleaguered tycoon Vijay Mallya’s change of heart comes after the Enforcement Directorate moved to confiscate his assets in India and abroad under the Fugitive Economic Offenders Ordinance

UK court allows search and seizure at Vijay Mallya's properties

06 Jul 2018

The UK high court has allowed British enforcement authorities to enter fugitive Indian business man Vijay Mallya’s properties near London for search and seizure of documents related to the his business dealings.

Absconding Mallya renews offer to sell assets worth Rs13,900 cr

27 Jun 2018

Mallya renews offer to settle with banks, says he is being hounded

26 Jun 2018

Former liquor baron Vijay Mallya said today that he will continue to make every effort to settle his dues with public sector banks, bemoaning that he has become a "poster boy" of bank default and a lightning rod of public anger

ED moves court to confiscate Vajay Mallya's asets

22 Jun 2018

London court asks Vijay Mallya to pay £200,000 in costs to Indian banks

16 Jun 2018

The London court ordered Mallya, 62, to pay costs towards registering an Indian court’s order freezing Mallya’s assets worldwide and the order of the Karnataka Debt Recovery Tribunal (DRT) in Britain

Sebi bars Vijay Mallya from securities market for 3 years

02 Jun 2018

Market regulator Securities and Exchange Board of India (Sebi) has barred fugitive businessman Vijay Mallya from the securities market for another three years and also restrained him from holding directorship in listed companies for five years over alleged illegal diversion of funds from United Spirits

Vijay Mallya a "fugitive from justice", says UK High Court

10 May 2018

Indian banks win Rs10,000 cr lawsuit against Mallya in UK

09 May 2018

A UK judge has ruled that lenders can enforce an Indian court ruling related to alleged wilful default on about $1.4 billion in debt by Vijay Mallya, and also refused to overturn a worldwide order freezing Mallya’s assets

Mallya extradition nearer as judge allows almost all CBI evidence

27 Apr 2018

Likening the role of IDBI’s B K Batra to that of a ‘villian’, the Westminster Court judge said a detailed note presented by the prosecution on the conspiracy charges facing fugitive liquor baron Vijay Mallya was ‘most helpful’

More woes for Mallya: UK HC orders $90 mn payment to plane leasing firm

14 Feb 2018

This is the latest case involving the 62-year-old businessman, whose extradition case over alleged loan defaults amounting to around Rs9,000 crore returns to Westminster Magistrates’ Court in London on 16 March

ED plans to sell chunk of Mallya’s UB shares to raise Rs4,000 cr

19 Jan 2018

The Enforcement Directorate is planning to sell a major part of Vijay Mallya's unpledged shares in United Breweries to raise more than Rs4,000 crore, which is almost half of what the former liquor baron owes to lenders to his defunct Kingfisher Airlines

‘Tycoon’ Mallya forced to live on £5,000 a week as assets frozen

15 Dec 2017

Twelve Indian banks and a financial institution have successfully filed an application in the high court to freeze nearly Rs10,000 cr of the UK assets of businessman Vijay Mallya

Mallya may face biased SC, trial by media in India: defence witness

12 Dec 2017

A law expert appearing on behalf of beleaguered businessman Vijay Mallya on Monday cast doubts on the Indian Supreme Court’s handling of the case, alleging that it gave preferential treatment to banks and was also swayed by “media trials”

Mallya never intended to repay Kingfisher loans, UK court told

05 Dec 2017

The extradition trial of former liquor baron Vijay Mallya, wanted in India on charges of fraud and money laundering,  began at a court in London with the prosecution asserting that the embattled Mallya had a "case of fraud" to answer

Kingfisher: banks, officials under scanner after SFIO report

09 Oct 2017

Mallya gave free rides to politicos, bankers for favours: UK frauds office

07 Oct 2017

Mallya extradition: Indian jails on par with Europe, UK told

20 Jul 2017

One of the grounds Mallya has put forward for challenging the Indian government's move to get him extradited from the UK is that the conditions in Indian jails are below standard

Produce Mallya, can’t proceed in absentia, says SC

15 Jul 2017

Mallya had pre-planned loan defaults, CBI alleges

30 Jun 2017

ED files charges against Mallya, 5 IDBI Bank officials

15 Jun 2017

Mallya extradition: why so slow, UK court asks India

14 Jun 2017