Vijay Mallya and SC

Photo: LiveLaw

Vijay Mallya Condemned To 4 Months Jail, Fined Rs 2,000 By SC In Contempt Case

Supreme Court issued a four-month prison term on July 11 for contempt of court to tycoon Vijay Mallya, who was charged in a case involving his bankrupt Kingfisher Airlines and a bank loan default totaling over Rs 9,000 crore. Mallya was also fined Rs 2,000. The Supreme Court postponed its decision in the case on March 10, stating that the proceedings against Mallya had reached a "dead wall."  

Mon, 11 Jul 2022 - 01:41 PM / by Vidhi Jhunjhunwala

Tags: Supreme Court, Vijay Mallya, penalty, imprisonment, Contempt Cases

Courtesy: DNA INDIA

Vijay Mallya

Photo: Live Mint

Apex Court Adjourns Vijay Mallya Money Laundering Case To March 10

The Supreme Court, adjourned the Vijay Mallya's Money laundering case to Mallya to March 10. The Apex Court bench comprising of UU Lalit, Ravindra S Bhat and PS Narasimha, accepted advocate Jaideep Gupta's amicus curiae request, during court hearing on March 9. Notably, Kingfisher owner Mallya has been found guilty of contempt of court for transferring USD 40 million in his children's account, in the money laundering scam.  

Wed, 09 Mar 2022 - 02:04 PM / by Varsha Joshi

Tags: Supreme Court, Vijay Mallya, Money laundering case, Business tycoon, Advocate General

Vijay Mallya

Photo: Live Mint

Rs 18,000 Cr Returned To Banks From Mallya, Choksi & Nirav Modi

Solicitor General Tushar Mehta, informed Supreme Court that Rs 18,000 crore have been retrieved from Mallya, Nirav Modi and Choksi in money laundering case. During the hearing, Mehta said, in the past five years, ED investigated over 2,000 cases. Notably, Vijay Mallya, Nirav Modi and Mehul Choksi are booked for money laundering cases. Notably, in the last hearing, the apex court gave a final warning to appear before court. 

Wed, 23 Feb 2022 - 07:45 PM / by Varsha Joshi

Tags: Vijay Mallya, Mehul Choksi, nirav modi, Supreme Court, Money laundering case

Courtesy: India Times

Vijay Mallya

Photo: Zee News

Vijay Mallya & Family Loses Legal Battle To Retain London Home; Faces Eviction

Indian fugitive business tycoon, Vijay Mallya and his family, will be evicted from their lavish home in London. Vijay Mallya held a mortgage obtained from Swiss Bank UBS on the property. The mortgagee won the case against Mallya after he failed to meet a previous repayment deadline in April 2020. The Court refused a request by Mallya`s lawyers for a stay on repaying the UBS loan. 

Wed, 19 Jan 2022 - 03:56 PM / by Shaloo Priya

Tags: India, United Kingdom, Vijay Mallya, swiss bank, UK High Court

Courtesy: Zee News

Vijay Mallya.

Photo: The Financial Times

SC To Give Order On Quantum Of Sentence Of Vijay Mallya Next Year

The Supreme Court adjourned the order on quantum of sentence against fugitive businessman Vijay Mallya on November 30. The three-judge bench of the court headed by Justice Uday Umesh Lalit said that the next hearing on the matter will be held on January 18, 2022. He was accused in a case of bank loan default worth Rs 9,000 crore was convicted by SC in 2017, reported UNI.

Tue, 30 Nov 2021 - 05:12 PM / by Nehal Surana

Tags: Vijay Mallya, Kingfisher, United Kingdom, Supreme Court, India

Courtesy: UNI

Fugitive businessman Vijay Mallya.

Photo: The Free Press Journal

Mallya's Property Sold In Mumbai For Rs 52 Crore

The debt recovery tribunal (DRT) managed to recover Rs 52.25 crore in Mumbai by selling fugitive Vijay Mallya's Kingfisher House to a Hyderbad-based Saturn Realtors. The recovery from the house, which was valued at Rs 150 crore, will go to the lenders who already retrieved Rs 7,250 crore by auctioning shares of Mallya. Besides, during the auction period in November 2019, the house failed to attract buyers repetitively eight times.

Sat, 14 Aug 2021 - 03:18 PM / by Brijesh Goswami

Tags: Kingfisher House, Vijay Mallya, Mumbai, SBI, Loan Fraud

Courtesy: The Indian Express

Vijay Mallya

Photo: Bing

Bank Consortium Extracts Rs 792.11 Cr By Liquidating Mallya's Assets

According to Enforcement Directorate (ED), the SBI-led consortium extracted Rs 13,100 crore by liquidating the assets of Vijay Mallya, Nirav Modi, and Mehul Choksi. Out of the total recovered assets, Mallya's assets stand at Rs 792.11 crore. Reportedly, the assets were confiscated under the Prevention of Money Laundering Act (PMLA). The three businessmen allegedly defrauded various PSBs by extorting money through their companies.

Sat, 17 Jul 2021 - 02:40 PM / by Manashaa Ganesan

Tags: Consortium, SBI, Vijay Mallya, nirav modi, Mehul Choksi

Courtesy: The Economic Times


Photo: IDEX Online

Book On Fugitives Sheds Light On Indian Criminals Who Escaped To UK

London-based journalist Danish Khan, along with his wife and researcher Ruhi Khan, has released a new book named 'Escaped: True stories of Indian fugitives in London'. Giving detailed insights about Indian extradition lawsuits, the book tells the tales of 12 cases where the alleged offenders are wanted by India. Interestingly, detailing accounts of unheard cases, it also sheds light on the recent money laundering cases of Nirav Modi and Vijay… read-more

Sun, 21 Mar 2021 - 09:15 PM / by Ronit John

Tags: nirav modi, Extradition, Vijay Mallya, london, fugitive economic offenders

Courtesy: The Indian express

Vijay Mallya

Photo: The Economic Times

ED Seizes Vijay Mallya's Assets In France Under PMLA

Under the Prevention of Money Laundering Act, Vijay Mallya's assets worth Rs 14 crore has been seized by the Enforcement Directorate in France. Through the French authorities, ED successfully took action against Mallya who has been accused as a defaulter of over Rs 9,000 crore. Reportedly, Mallya has been in the UK since 2016, and only be brought back to India after completing a separate judicial and confidential process.

Fri, 04 Dec 2020 - 08:09 PM / by Nikita Thakur

Tags: Enforcement Directorate, India, Vijay Mallya, Kingfisher

Vijay Mallya

Photo: The Print

Unaware of Mallya's Extradition: Solicitor General Tells Supreme Court

Solicitor General Tushar Mehta has informed the Supreme Court that the government is unaware of the United Kingdom's procedures on extradition of Vijay Mallya. Reportedly, the External Affairs Ministry have stated that the UK's extradition order on Mallya has not come to effect yet. The court asked Mallya's lawyers to inform the bench about the proceedings and urged the external affairs ministry to produce him at the court on November 2.

Mon, 05 Oct 2020 - 05:21 PM / by Mahadevan K V

Tags: Vijay Mallya, Kingfisher, UK, Extradition

Courtesy: Live Mint