UB Group
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
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.
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
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
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
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
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