Diabytes
Vijay Mallya loan default News
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Vijay Mallya is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores.
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Chief Magistrate Judge Emma Arbuthnot is expected to give her verdict on whether Mallya can be extradited to India to stand trial on the charges brought by the CBI and ED.
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The bank has sought repossession of the property at Cornwall Terrace, overlooking Regent's Park in central London, over the non-payment of a 20.4-million pounds mortgage loan.
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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.
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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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Besides Mallya, there are now five Indian extradition requests pending in UK courts.
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Vijay Mallya took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs 9,000-crore loan default.
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Atorney General Mukul Rohatgi has told the Supreme Court that the government is seeking deportation of liquor baron Vijay Mallya from the UK to India.
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The Supreme Court has asked liquor baron Vijay Mallya whether he truthfully disclosed his assets to it or not.
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The Debt Recovery Tribunal allowed bankers to start proceedings to recover Rs 6,203 cr debt from beleaguered liquor baron Vijay Mallya.
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Vijay Mallya has sought 3 weeks time to file reply to SBI led consortium of banks who sought deposit of amount of 40 million dollars before the Supreme Court.
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The 17-lender consortium led by State Bank of India will auction the Kingfisher Villa, the sea-facing plush property once-owned by the beleaguered Vijay Mallya in Goa.
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The consortium of banks had approached the apex court seeking its intervention in bringing back Mallya to India and also the repayment of money which the beleaguered businessman had taken.
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The CBI on Thursday constituted a Special Investigation Team to probe into the alleged corruption in the AgustaWestland VVIP chopper bribery scam and the loan default by liquor baron Vijay Mallya.
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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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Beleaguered businessman Vijay Mallya has been retweeting a lot lately –from birthday messages, to matches, to parties –you will see a lot of things being retweeted.
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Liquor baron Vijay Mallya on Wednesday expressed willingness in Supreme Court for a settlement by offering a proposal to pay back Rs 4,000 crore by September this year.
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