Diabytes
KFA News
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Consortium of banks led by the SBI told SC.
Total dues of UBHL are around Rs 7,000 crore.
UBHL had told SC that it offered Rs 14,000 crore to various banks.
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It may be noted that May 14, the High Court of Justice, London, UK rejected the application of Indian fugitive and former liquor baron Vijay Mallya against his extradition to face trial in India.
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Mallya, congratulating the government for announcing over the Rs 20 lakh crore Atmanirbhar Bharat package, said that his repeated offers to repay his dues have been ignored.
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Mallya, in his letter said that he has become the "Poster Boy" of bank default and a lightning rod of public anger.
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Mallya is currently fighting against extradition to India from the UK.
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Public sector banks have been able to recover only a fraction of the more than Rs 8,000 crore loan outstanding against embattled businessman Vijay Mallya, Parliament was informed on Tuesday.
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Loans to the tune of Rs 8,040 crore was given to liquor baron Vijay Mallya when the previous UPA government was in power, but action against him for defaults is being taken by the Modi government Santosh Gangwar said.
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The 17-lender consortium to the defunct Kingfisher Airlines (KFA) has once again put on block Kingfisher House in the city and Kingfisher Villa in Goa, with a 10 percent reduction in the reserve prices.
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In yet another jolt to beleaguered liquor baron Vijay Mallya, the Karnataka High Court on Friday ordered winding up of his now-defunct Kingfisher Airlines Limited for non-payment of dues to a UK-based firm.
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In a big disappointment for the lenders for the second time, auction of the long-grounded Kingfisher Airlines' (KFA) trademarks and logo turned out to be damp squib once again despite having a lower reserve price.
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The Kingfisher Airlines Limited, a holding company of Vijay Mallya, Monday said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restructuring Agreement between both parties, which caused needless damages to the firm's business.
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The UB Group chairman, who is being chased in connection with an alleged debt of around USD 1.4-billion linked to the collapsed Kingfisher Airlines, has been based in the UK since March this year.
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A Delhi court Sunday fixed August 6 for hearing a cheque bounce case against liquor baron Vijay Mallya by Delhi International Airport Ltd (DIAL).
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Troubled Indian businessman Vijay Mallya is set to make a rare public appearance in the United Kingdom.
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The ED is also mulling attaching domestic assets and shares worth about Rs 9,000 crore owned by Mallya in connection with its money laundering probe against him
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Kingfisher Airlines on Monday moved an application in the special PMLA court here terming as "false and incorrect" Enforcement Directorate's charges against its owner Vijay Mallya that he had siphoned off Rs 430 crore of the IDBI loan and used this money to acquire property abroad.
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In what could give a big blow to liquor baron Vijay Mallya, his passport was on Friday suspended on the request of Enforcement Directorate (ED).
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The CBI will soon be sending judicial requests to at least five countries, including the US and the UK, to seek information about alleged diversion of loans received by now defunct Kingfisher Airlines from IDBI Bank.
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