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4 mins read
Three Anil Ambani companies have reportedly been accused of fraud by banks — the amount at stake is nearly ten times more than what Mallya owed
India’s infamous fallen billionaire, Anil Ambani, may have claimed that his ‘net worth is zero’ b…
2 mins read
Mallya now appeals to overturn London High Court's bankruptcy order
Embattled businessman Vijay Mallya, who is based in Britain for over five years, is pursuing appeal…
PTI
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
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
SBI offers one-time settlement of Kingfisher loans but Mallya has some conditions
To this, Mallya has put some conditions which are said to unacceptable to the bank, as said by SBI …
2 mins read
Vijay Mallya's homecoming judgement might come next week
New Delhi is putting all its efforts to put Mallya behind the Indian bars. A judgement on Mally…
1 min read
Vijay Mallya to disclose assets, fly back to India as banks reject settlement offer
Not only this, the apex court has also sought reply on when Mallya would appear personally in the c…
3 mins read
Vijay Mallya’s journey from a businessman to a fraudster
Here is the breakdown of Mallya’s journey from a businessman to a wilful defaulter. 1) Mallya owes …
1 min read
A little too late! Mallya flew out of India before banks could take a stay order against him
The amount that Mallya owes to these banks runs up to over Rs 9,000 crore, the reason why the banks…
1 min read
Banks see another Vijay Mallya in Alok Industries, look to recover Rs 20,000 crore
The banks in India are looking to trace the use of loans. A forensic audit of Alok Industries will …
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
This one step by RBI led Vijay Mallya to lend huge amount
As per a report by Economic Times, banks restructured loans after RBI’s nod and an independent agen…
1 min read
Mallya’s Kingfisher House in Mumbai now on auction by SBI for more than Rs 150 crore
The base price for the Andheri office has been fixed at Rs.150 crore, and the bank has already rece…
2 mins read
Vijay Mallya and family was heckled by Indian fans at The Oval in UK
Crowds chanted “chor hai, chor hai (you are a thief)” as they spotted Mallya at the match. This …
1 min read
More Trouble For Mallya: Consortium Of 17 Banks Files Contempt Petition
“We have filed a contempt application in the High Court against Kingfisher Airlines, United Breweri…
1 min read
Kingfisher Airlines fails to repay loan, SBI Cap confiscates properties
The company had issued a demand notice to the airline and its directors, on May 3, 2013 under Secti…
5 mins read
Know how SBI chief Arundhati Bhattacharya changed India's largest bank for the better
According to her, red tape and a rigid bureaucratic structure made even the simplest of tasks diffi…
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
SBI Sends Letter to Kingfisher Airlines, May declare Vijay Mallya As A Wilful Defaulter Soon
Very recently United Bank of India (UBI) declared the defunct airline and Mallya as wilful defaulte…
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…