The TOI correspondent from London:Vijay Mallya’s appeal against a bankruptcy order made in the UK courts concluded on Thursday with the judge overseeing the hearing of three separate appeals referring several times to the “Alice in Wonderland world of the case” and “going down rabbit holes”. Judge Sir Anthony Mann has reserved judgment.The Indian businessman…
The TOI correspondent from London: Fugitive Indian businessman Vijay Mallya’s barrister told a London court that the banks pursuing Mallya are “acting in bad faith” and not being transparent as he made a failed attempt to adjourn Mallya’s appeal hearing against his bankruptcy order in the London high court on the first day of its…
NEW DELHI: Fugitive businessman Vijay Mallya on Wednesday moved Karnataka high court challenging the debt recovery proceedings against him.Mallya in his petition, sought a statement by the banks of accounts for the amounts owed by him United Breweries Holdings Limited (in liquidation) and other certificate debtors.Justice R Devdas issued the notice to the to banks…
Nirmala Sitharaman and Vijay Mallya. NEW DELHI: Fugitive businessman Vijay Mallya stated on Wednesday that the banks have recovered more than double the amount owed in the Kingfisher Airlines case. He contends he is due relief.Finance Minister Nirmala Sitharaman told Parliament on Tuesday that the banks had recovered Rs 14,131.60 crore from Mallya. This recovery…
MUMBAI: Markets regulator Sebi has banned fugitive billionaire Vijay Mallya for three years for illegally routing funds through layered transactions using foreign entities and banks to jack up prices of his own companies and also profit from the same. All his holdings in stocks and mutual funds in India have also been frozen while he…
NEW DELHI: The Securities and Exchange Board of India (Sebi)on Friday banned fugitive businessman Vijay Mallya from trading in securities market and being associated with any listed company for a period of three years. The decision was made in connection with the channeling of funds to the Indian securities market through overseas bank accounts with…
