Diabytes
United Breweries News
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In 1983, at the age of 28, Mallya succeeded his father as chairman of United Breweries Holdings.
He possessed almost 250 classic cars, a private plane, a customized Boeing 727, yachts, and stud farms with about 200 horses.
At a London auction, Mallya made a 1.7-crore offer for the sword of Tipu Sultan and other artifacts, which he then brought back to India.
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Kingfisher maker United Breweries is faced with a fine of Rs 751.8 crore.
NCLAT bench has directed United Breweries to deposit 10 per cent of the penalty amount withing three weeks.
The NCLAT has also directed the CCI and the All India Brewers Association to file replies over the notices issued by it.
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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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Vijay Mallya may have indicated to Indian authorities that he is willing to return and join the legal process here.
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The ED in 2017 filed its first chargesheet against embattled liquor baron Vijay Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case.
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The decision has been taken after UBHL failed to pay the fine imposed on it.
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Shares of United Breweries on Thursday ended nearly 3 percent down after the company reported a significant fall in standalone net profit at Rs 6.73 crore for the fourth quarter of 2016-17 fiscal.
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Vijay Mallya-led United Breweries Holding Ltd (UBHL) today said it is reviewing SEBI's order barring the beleaguered businessman and six former officials of United Spirits (USL) from securities markets in a case related to alleged fund diversions and will take "appropriate action".
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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.
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Beleaguered liquor baron Vijay Mallya has filed an application in the Karnataka High Court for recalling its order summoning him for allegedly violating an undertaking given by him and his companies not to transfer their equity shares in United Breweries to Diageo Plc.
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In a case involved with alleged violation of an undertaking given by beleaguered liquor baron Vijay Mallya, Karnataka High Court summoned him on Thursday. Mallya and his companies had earlier provided an undertaking to not transfer their equity shares in United Breweries to Diageo Plc.
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A defiant liquor baron Vijaya Mallya on Thursday asserted that he would get judicial relief soon from criminal charges filed against him by a consortium of banks for defaulting on loans his defunct airline raised.
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Net profit of United Breweries (Holdings) Ltd rose over 13-fold to Rs 29.47 crore for the first quarter ended June 30, 2016.
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The Karnataka High Court has stayed for three months the Debt Recovery Tribunal's order issuing a demand notice to Vijay Mallya-owned United Breweries Holdings Limited (UBHL) and Kingfisher Airlines to pay Rs 192 crore on an application by three banks.
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Finance Minister Arun Jaitley has said that absconding liqour baron Vijay Mallya has hurt the system as well as his own class of businesses.
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The Enforcement Directorate (ED) on Friday issued fresh summons to liquor baron Vijay Mallya to appear on April 2 in a money laundering probe related to IDBI loan fraud case.
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ED had earlier issued summons to Mallya for "personal appearance" before it in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
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ED had earlier issued summons to Vijay Mallya for "personal appearance" before it in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
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Indian liquor baron Vijay Mallya said he has been in talks to enter into a one-time settlement with state-run banks, to which his now-defunct carrier Kingfisher Airlines owes more than USD 1 billion.
Liquor baron Vijay Mallya-led United Breweries (UBL) has commenced supply of beer from a brewery in Rajasthan it acquired in 2014.
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