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Latest Articles in kingfisher airlines
Banks Should Have Acted Earlier To Stop Vijay Mallya: Arun Jaitley
Finance Minister Arun Jaitley on Thursday said banks should have acted earlier to stop Vijay Mallya from going abroad, even as he warned of 'appropriate action' against those responsible for any 'inaction' in recovery of dues totalling over Rs 9,000 crore in the case
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Banks To Take Every Possible Action To Recover Kingfisher Debt: Arun Jaitley
Banks will take "every possible action" to recover the money owed by liquor baron Vijay Mallya's grounded carrier Kingfisher Airlines, Finance Minister Arun Jaitley told Parliament on Thursday
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Vijay Mallya Has Left India, Centre Informs SC
Liquor baron Vijay Mallya, who is facing legal proceedings for allegedly defaulting loans of over Rs 9,000 crore from various banks, has left the country a week back, government on Wednesday informed the Supreme Court
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Has Vijay Mallya Already Left India?
A consortium of 13 banks moved the Supreme Court on Tuesday to restrain UB Group chairman Vijay Mallya from leaving the country, as they seek to recover Rs 9,000 crore in loans owed by his grounded Kingfisher Airlines
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Vijay Mallya: The King, Horses And Mules
The outcry over Kingfisher's loan default fails to address a series of bad judgements by banks that gave money to the airline
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Vijay Mallya Says In Talks With Banks To Settle Debt
Liquor baron issues statement after a group of banks led by State Bank of India asked a court to arrest him, impound his passport and give them priority access to the $75 million Mallya is due to receive from Diageo Plc
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Kingfisher Airlines Staff Accuse Mallya Of Damaging India's Image
Mallya, known as the 'King of Good Times', had to quit recently as chairman of United Spirits, a company founded by his family in which he sold majority stake to UK-based liquor giant Diageo
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CBI Chief Slams Banks For Kingfisher Airlines 'Fraud'
So far, three banks - Union Bank of India, State Bank of India and Punjab National Bank - have declared now-defunct Kingfisher Airlines and its promoter Vijay Mallya as wilful defaulter
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United Spirits To Pursue Recovery Of $195 Million UB Holdings Loan
United Spirits Ltd said it will continue to pursue a claim for the recovery of Rs 1,337 crore of loans to former group company United Breweries even after its founder agreed to leave the company
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Vijay Mallya Steps Down From United Spirits
Mallya's resignation as chairman was expected since the company sought intervention of Securities and Exchange Board of India and other regulators following alleged illegal financial deals
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Analysis | Sahara's Force India Stake Looks A Hard Sell
Sahara sought the Supreme Court's permission this month to dispose of Force India and other assets to raise a combined Rs 5,300 crore
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PNB Declares Mallya, UBHL As 'Wilful Defaulter'
Punjab National Bank is the third public sector bank to declare the grounded Kingfisher Airlines and its two guarantors as wilful defaulters
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SBI To Auction Kingfisher House On March 17
The SBI-led bank consortium has decided to auction Kingfisher House in Mumbai on March 17 in a bid to recover a part of Rs 6,963 crore (Rs 69.63 billion) debt due from the now grounded Kingfisher Airlines
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Least Respected: The Not So Respected
It is therefore no surprise that when, Vijay Mallya, at the United Spirits AGM in November 2015, said his focus was on settling the debt of the airline with banks, he was greeted with silent cynicism.
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Why Does Vijay Mallya Want To Retire Now?
SBI's alleged declaration of Mallya as a wilful defaulter, USL shareholders' rejection of certain deals signed by the earlier management and a likely action from SEBI are seen behind the exit plan
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