Page 3 - Latest Updates on Vijay Mallya
Banks consortium gets over Rs 792 crore in Mallya loan default case: ED
The State Bank of India-led consortium that lent loans to fugitive businessman Vijay Mallya on Friday received Rs 792.11 crore in its accounts after some shares, earlier attached under the anti-money laundering law, were sold, the Enforcement Directorate said.
 "Banks consortium gets over Rs 792 crore in Mallya loan default case: ED")
ED transfers Rs 9,371-cr assets seized from Mallya, Nirav, Choksi to PSBs
ED attached/ seized assets worth Rs 18,170 cr from Vijay Mallya, Nirav Modi and Mehul Choksi under PMLA
 "ED transfers Rs 9,371-cr assets seized from Mallya, Nirav, Choksi to PSBs")
Banks realised 40% loss in Mallya, PNB cases via sale of seized stock: ED
About 40% of the money lost by banks in the PNB scam and the fraud linked to Vijay Mallya's defunct Kingfisher Airlines has been realised by way of sale of shares seized under PMLA, the ED said
 "Banks realised 40% loss in Mallya, PNB cases via sale of seized stock: ED")
Tribunal sold UB shares worth Rs 5,800 cr in Mallya bank fraud case: ED
The DRT has sold shares worth over Rs 5,800 crore of United Breweries that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against Vijay Mallya
 "Tribunal sold UB shares worth Rs 5,800 cr in Mallya bank fraud case: ED")
Sebi exempts open offer for Heineken's purchase of 15% stake in UB
Regulator allows special exemption as the shares are being acquired as part of an order of Debt Recovery Tribunal to recover dues from Vijay Mallya and his group companies
 "Sebi exempts open offer for Heineken's purchase of 15% stake in UB")
ED transfers Rs 5,600-cr UBL shares to recovery officer's demat account
Liquor firm United Breweries on Monday said ED has transferred 4.13 crore equity shares of the Vijay Mallya-promoted firm worth over Rs 5,600 crore to the Demat account of recovery officer of the DRT
 "ED transfers Rs 5,600-cr UBL shares to recovery officer's demat account")
Mehul Choksi's lifelong drive to do 'something big' ends in Caribbean trial
Bank fraud, Bollywood ambassadors and an offshore soap opera - the many acts of a fugitive diamantaire
 "Mehul Choksi's lifelong drive to do 'something big' ends in Caribbean trial")
Banks can sell Mallya's assets worth Rs 5,646 cr to recover dues
SBI has the highest exposure of Rs 1,600 crore out of original loan of Rs 6,900 crore to the defunct Kingfisher Airlines.
Mallya case: Banks' claim of Rs 6,200-cr loss not imaginary, says court
A special court in Mumbai has said the banks that had granted loans to fugitive liquor baron Vijay Mallya, have suffured losses
Banks to sell Mallya's UBL shares worth Rs 5,500 cr after PMLA court nod
SBI in talks with SBI Caps to sell shares via block deals
 "Banks to sell Mallya's UBL shares worth Rs 5,500 cr after PMLA court nod")
Vijay Mallya loses UK appeal for more funds to cover Indian legal fees
Vijay Mallya on Wednesday lost an appeal to gain further access to court-held funds to cover his costs for legal proceedings in India
Vijay Mallya loses bankruptcy petition amendment High Court battle in UK
A consortium of Indian banks led by the State Bank of India (SBI) on Tuesday moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines
PM Modi sought early extradition of economic offenders with Johnson: MEA
At a virtual summit with UK PM, Modi said economic offenders should be sent back to India at the earliest for trial, says Ministry of External Affairs
Mallya, Nirav Modi & Mehul Choksi coming back to face law: FM Sitharaman
Sitharaman said that fugitive businessmen Vijay Mallya, Nirav Modi and Mehul Choksi are "coming back to India" to face the law
 "Mallya, Nirav Modi & Mehul Choksi coming back to face law: FM Sitharaman")
Despite Nirav Modi win, how India stands in catching economic offenders
In the last five years, India managed to bring only about 20 fugitive offenders including AgustaWestland deal middleman Christian Michel James
 "Despite Nirav Modi win, how India stands in catching economic offenders")
India's patchy record in catching economic offenders despite Nirav Modi win
Before the Nirav Modi win, the Centre has stated in an RTI reply that of the 72 absconding economic offenders it has managed to bring only two in the past nearly six years
 "India's patchy record in catching economic offenders despite Nirav Modi win")
Lenders sell Mallya's entire stake in Mangalore Chemicals and Fertilisers
The shares were sold in the stock markets and the proceeds will be used to retire part of bank dues
 "Lenders sell Mallya's entire stake in Mangalore Chemicals and Fertilisers")
Vijay Mallya applies for 'another route' to stay in UK, says his lawyer
Vijay Mallya, who is due to be extradited to India, has applied for 'another route' to be able to stay in the UK
Vijay Mallya appeals to UK Home Secy for another route to stay in the UK
It is likely that the reference is to an asylum route which, according to legal experts, would depend upon whether Mallya applied for asylum prior to the extradition request or after
Mallya receives fresh blow as plea to halt bankruptcy proceedings rejected
Mallya's lawful group has said that the banks are "made sure about loan bosses" and subsequently ought not bring liquidation procedures
