Mallya News

The Central Government gave information in the Supreme Court. Vijay Mallya's extradition is going on in the final stages. There is some process left.

SC had in June directed its registry to explain as to why Mallya's review petition had not been listed before the concerned court for the last three years. It had directed the registry to furnish all the details including names of officials who had dealt with the file concerning the review petition in the last three years. Mallya, who is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is presently in the UK.

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.

Vijay Mallya tweeted, "The DRT Recovery Officer recently attaches my group assets worth over Rs 13,000 crore in India on behalf of the Consortium of Banks."

This segment of Zee News brings top news stories of the day. Watch this video to know the latest news headlines.

This segment of Zee News brings top 25 news stories of the day. Watch this video to know the latest news.

This segment of Zee News brings top 25 news stories of the day. Watch this video to know the latest news.

This segment of Zee News brings top news stories of the day. Watch this video to know the latest news stories.

The tweets come a day after the ​fugitive liquor baron broke his silence over the controversy of defaulting on bank loans to the tune of Rs 9000 crores.

Once called the 'King of Good Times' for his extravagant lifestyle, Mallya has been embroiled in financial scandals since 2012.

Embattled businessman Vijay Mallya failed to appear in Supreme Court in a contempt case filed by a consortium of banks led by SBI. The apex court, which had held Mallya guilty of contempt, fixed the matter for hearing on July 14.

A defiant Vijay Mallya, the fugitive liquor baron sought by India for defaulting on several bank loans amounting to nearly Rs 9,000 crore, on Thursday appeared before the Westminster Magistrates Court in London for the hearing in his extradition case.

The transfer of USD 40 million Vijay Mallya had received from British firm Diageo to his three children reflected the beleaguered businessman's intent to put the funds beyond the reach of the courts, the Supreme Court has said.

Mallya was arrested by the Scotland Yard -- and released on bail -- on April 18, 2017, in connection with an extradition request filed by India on February 8, 2017.

Enforcement Directorate (ED) is in possession of documents which claim that the beleaguered liquor baron Vijay Mallya laundered money from banks in India to 'British companies' situated in the UK.

Kingfisher Airlines, established in 2005, was a major business venture launched by Mallya.It eventually became insolvent and had to be closed down.As of October 2013, it had not paid salaries to its employees for 15 months, had lost its licence to operate as an airline, and owed more than US$1 billion in bank loans.

United Breweries Ltd on Friday said that it is seeking legal advice for its next course of action following SEBI restraining its Chairman Vijay mallya from holding position as director or key managerial position in any listed company.

Vijay Mallya tweeted on Friday that an outfit called Legion has hacked his emails and Twitter account.

The Bombay High Court on Friday directed the Service Tax department to complete the process of re-auction and sale of businessman Vijay Mallya's private aircraft by December 15 

The Bombay High Court on Monday allowed a company, which had claimed to have won the auction for the fugitive industrialist Vijay Mallya's luxury jet for Rs 27.39 crore, to withdraw its bid paving the way for a fresh auction.