Kingfisher: News

SC awards 4-month jail, imposes Rs. 2,000 fine to Mallya

Fugitive businessman Vijay Mallya was awarded a four-month jail term and a Rs. 2,000 fine by the Supreme Court on Monday in a five-year-old contempt of court case.

17 Jan 2020


Vijay Mallya's French-mansion, having 17 bedrooms and helipad, is rotting

The "King of Good Times", Vijay Mallya, once bought a mansion in France complete with 17 bedrooms, a private helipad, nightclub, and even a theater.

02 Jul 2019


UK court permits Vijay Mallya to appeal against his extradition

In December last year, after the London Westminster Magistrates' Court ordered Vijay Mallya's extradition, Indian authorities jumped with joy. A few months later, in February, United Kingdom Home Secretary Sajid Javid cleared the extradition of the beleaguered businessman.

04 Feb 2019

Vijay Mallya

#VijayMallyaExtradition: UK Home Secretary approves Mallya's extradition to India

The extradition of embattled businessman and fugitive, Vijay Mallya, to India has been formally cleared by the United Kingdom Home Secretary.

09 Dec 2018

Vijay Mallya

Vijay Mallya's extradition case edges towards ruling. Details here

Embattled liquor tycoon Vijay Mallya is scheduled to return to Westminster Magistrates' Court in London tomorrow when his extradition trial is listed for a judgment hand-down.

05 Dec 2018

Vijay Mallya

Please take it: Mallya offers to repay 100% to banks

With five days remaining for a UK court's verdict on whether fugitive business tycoon Vijay Mallya can be extradited to India, Mallya seems to be rattled.

14 Sep 2018


CBI changed Mallya's LoC from 'detain' to 'inform'. But why?

The extradition of Kingfisher boss Vijay Mallya is at the center of a political spat, and now an IE report suggests that the CBI watered down his Look Out Circular (LoC) for 'lack of evidence'.

12 Sep 2018


Vijay Mallya to appear before UK court for extradition hearing

Vijay Mallya will appear before a London court today for a hearing in his extradition case, during which the judge is expected to review a video of the Mumbai jail cell prepared by the Indian authorities for the embattled liquor tycoon.

28 Jul 2018


Formula One: Mallya's Force India to get new owners

Formula One team Force India is expected to get new owners soon.

06 Jul 2018

Vijay Mallya

Banks working with UK to recover Mallya's dues: SBI MD

Indian banks are working very closely with the UK authorities to recover maximum assets owned by Vijay Mallya, after a British court allowed them to search and seize properties of the fugitive liquor baron, SBI MD Arijit Basu said.

30 Jun 2018

Vijay Mallya

Special court summons Vijay Mallya under Fugitive Economic Offenders Ordinance

A special PMLA court in Mumbai has summoned beleaguered liquor baron Vijay Mallya to appear before it on August 27 on Enforcement Directorate's plea seeking action against him under the Fugitive Economic Offenders Ordinance in the over Rs. 9,000cr bank fraud case.

30 Jun 2018

Vijay Mallya

Fourth-time-lucky: Vijay Mallya's favorite aircraft finally sold

Beleaguered businessman Vijay Mallya's favorite luxury airplane, Airbus A319, which is parked at the Mumbai Airport since 2013, has finally got a buyer.

Mallya releases letters to Modi alleging media, investigators' bias

Embattled liquor baron Vijay Mallya today released one-year-old letters he wrote to PM Narendra Modi and then-Finance Minister Arun Jaitley "to put things in the right perspective."

11 Jun 2018


5yrs, Rs. 10cr: Mumbai airport's loss for parking Mallya's aircraft

Tainted entrepreneur Vijay Mallya's favorite luxury airplane, Airbus A319, which is parked at the Mumbai Airport since 2013, is proving to be a costly burden for the authorities.

09 May 2018

Vijay Mallya

In major win, Indian banks can seize Mallya's global assets

In a win for 13 Indian banks, a UK court has refused to set aside an order by India's Debt Recovery Tribunal, which had resulted in worldwide freezing of Vijay Mallya's assets.

07 Apr 2018

Vijay Mallya

Bengaluru: Two apartments in Kingfisher Towers sold for Rs. 35crore

Two luxury apartments in the posh Kingfisher Towers at UB City in Bengaluru were resold at Rs. 35 crore each, making it the most expensive deal in the city despite the damp mood of the real estate industry.

28 Mar 2018

Vijay Mallya

Fugitive Vijay Mallya to marry this former Kingfisher air-hostess

Debt-ridden businessman and liquor baron Vijay Mallya, who owes over Rs. 9,800cr to Indian banks and faces legal trouble over unpaid dues and money-laundering, is reportedly going to marry for the third time.

27 Mar 2018


Delhi court orders attachment of Mallya's properties in PMLA case

A Delhi court on Tuesday ordered attachment of properties of business tycoon and liquor baron Vijay Mallya, who was declared a proclaimed offender for evading summons in a money laundering case related to FERA violation.

23 Feb 2018


Over 9,000 willful defaulters owe Rs. 1.1-lakh-crore to Indian banks

The Rs. 11,400cr PNB fraud has once again highlighted the growing problem of bad loans in India's banking sector.

14 Feb 2018


'Debt-ridden' Vijay Mallya allowed to spend Rs. 16L a week

Vijay Mallya owes Rs. 9,800cr to Indian banks. Another Rs. 577cr was just added to his debts after Kingfisher Airlines lost a case against Singapore's BOC Aviation.

04 Jan 2018


Vijay Mallya declared 'proclaimed offender' in Kingfisher promotion case

A Delhi court has declared liquor baron Vijay Mallya a proclaimed offender for violation of Foreign Exchange Regulation Act (FERA) norms.

18 Nov 2017


Diageo sues Mallya over $40 million payout

Just weeks before a scheduled London extradition hearing, Indian tycoon Vijay Mallya has been slapped with more legal charges, this time by alcoholic beverages multinational Diageo.

15 Jun 2017


Karnataka's drought hits textbook printing, students yet to get books

Karnataka's drought crisis has created a stir in the printing industry as well with many students yet to get textbooks.

11 Jun 2017

Vijay Mallya

Vijay Mallya at The Oval: Booed with "chor, chor" chants

Loan defaulter and former business tycoon Vijay Mallya was booed by Indian fans at The Oval during the India-South Africa Champions Trophy match.

06 Jun 2017


Defiant Mallya says he intends to watch all ICC matches

While the presence of absconder Vijay Mallya at the ICC Champions Trophy match created quite a stir in the media and social media, Mallya was unfazed.

09 Mar 2017


Qatar Airways to launch India's first fully foreign-owned airline

Sources have confirmed that Qatar Airways seeks to launch India's first fully foreign-owned domestic airline.

21 Nov 2016


Karnataka High Court directs closure of Kingfisher Airlines

After mounting debts and losses, India's Kingfisher Airlines was asked to wind up in an order issued by the Karnataka High Court.