Government's move to hire UK arbitrator follows poor track record of India in extraditing offenders from Britain The government is planning to get on board a UK-based “independent arbitrator” to appear on behalf of Indian authorities and put up a strong case of extradition against absconding liquor baron Vijay Mallya, an Enforcement Directorate (ED) official said. India to build watertight case Failed extradition attempts in the past can be attributed to lack of paperwork and ... Rediff.com, 1 week ago
Centre assessing all options to bring Mallya back - Rediff.com, 1 week ago
In a major jolt to liquor baron Vijay Mallya, the Karnataka high court on Tuesday ordered the winding up of United Breweries (Holdings) Ltd (UBHL), the parent company of UB Group, for recovering dues payable by the UBHL-promoted defunct Kingfisher Airlines Limited. “This court has come to a conclusion that the respondent company UBHL deserves to be wound up for failure to discharge their duties to pay up their creditors,” Justice Vineet Kothari said in his order allowing petitions ...Rediff.com, 2 months ago
United Breweries says sales could fall by 40% following court ban. United Breweries Ltd, India’s largest beer maker and majority-owned by Dutch firm Heineken, has said that its sales of the alcoholic beverage could drop by 40 per cent once the Supreme Court ban on liquor shops on highways comes into effect in April. The estimates were arrived at after mapping the liquor outlets and sales in these stores, executives of the company said on Thursday. On December 15, the court, on a ...Rediff.com, 2 months ago
The department of economic affairs is said to be in discussions with various probe agencies, including the income tax department and the Enforcement Directorate, and bankers in drafting the final rules. Image: The move is triggered by beleaguered businessman Vijay Mallya, who is in the UK for nearly a year, being declared a ‘wilful defaulter’ by lenders for non-payment of loans over Rs 9,000 crore by his now-defunct Kingfisher Airlines. Photograph: Reuters. The government is ...Rediff.com, 2 months ago
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