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About 11 results for "vijay mallyarsquo"

Service tax dept to auction Vijay Mallya's planes: CBEC

Service tax dept to auction Vijay Mallya's planes: CBEC

Total disputed liability of Mallya with respect to service tax to the tune of Rs 535 cr The service tax department might soon auction aircraft owned by liquor baron Vijay Mallya to recover around Rs 535 crore in dues, Central Board of Excise and Customs (CBEC) chairman Najib Shah said on Saturday. “Some properties of Vijay Mallya have been attached. His aircraft are with us. So those are what we are going to auction very shortly,” Shah said at a press conference on the launch of a ..., 2 months ago

1 images for "vijay mallyarsquo"

Business Standard India, 2 days ago

913 wilful defaulters owe Rs 11,486 crore to PNB

The large wilful defaulters, according to the list published by PNB, include embattled businessman Vijay Mallya’s Kingfisher Airlines with an outstanding of Rs 597.44 crore.  The list includes embattled businessman Vijay Mallya's Kingfisher Airlines with an outstanding of Rs 597.44 crore. (PNB), the nation’s second biggest state-run lender, on Tuesday declared a list of 913 wilful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs 11,486 ...
 Rediff.com2 weeks ago

UB board to keep faith in Mallya, for now

The United Breweries board would continue to maintain confidence in UB Chairman Vijay Mallya unless he was convicted or asked to step down to conform with regulatory requirements, said Kiran Mazumdar-Shaw, an old friend of Mallya and an independent board member at UB. “If they are willing to offer me safe passage, I am willing to come and answer all questions,” Mazumdar-Shaw, recalled him as saying. “I feel I’m being victimised, so, right now, I’m in no position to ...
 Rediff.com1 month ago

ED to ask depositories to freeze shares owned by Vijay Mallya

The enforcement agency is looking to ensure that no big deals or transactions, such as the one Mallya struck with Diageo for Rs 500 crore, take place.     The Enforcement Directorate (ED) is working on ways to ensure that transactions such as the one industrialist Vijay Mallya struck with Diageo for Rs 500 crore (Rs 5 billion) don't take place in future. It will shortly ask national depositories to freeze the shares owned by Mallya in listed companies, two persons familiar with the ...
 Rediff.com1 month ago

House panel recommends Mallya's expulsion from RS

Independent member of Parliament and liquor baron Vijay Mallya is all set to face expulsion from Rajya Sabha, with a Parliamentary panel examining the matter related to his alleged loan default of over Rs 9,400 crore rupees, on Tuesday unanimously favouring such action. At the same time, the Ethics Committee of Rajya Sabha headed by veteran Congress leader Karan Singh, decided to give Mallya one week time to explain his conduct, which the members said is a ‘procedural formality’. In ...
 Rediff.com2 months ago

ED attaches UB Holdings, Mallya assets worth Rs 1,411 cr

Enforcement Directorate to approach court to attach industrialist’s properties worth Rs 4,000 crore The Enforcement Directorate (ED) has attached nine assets of beleaguered industrialist Vijay Mallya and United Breweries Holdings Ltd (UBHL) worth Rs 1,411 crore (Rs 14.11 billion) under anti-money laundering laws in connection with the Rs 950-crore (Rs 9.5 billion) IDBI Bank loan fraud case. Mallya owns 52.3 per cent stake in UBHL, both personally as well as through firms such as Watson ...
 Rediff.com2 weeks ago

Interpol questions Red-Corner Notice against Mallya

The enforcement agency had received queries from the Interpol to this effect in May last week. Interpol has sought reasons from the Enforcement Directorate (ED) on why a Red-Corner Notice (RCN) should be issued on liquor baron Vijay Mallya, who is facing a probe related to alleged money laundering in India. An RCN is issued “to seek the location and arrest of wanted persons with a view to extradition or similar lawful action” in a criminal case probe. The enforcement agency had ...
 Rediff.com3 weeks ago

ED to do forensic audit of Mallya's accounts

Probe agency to set up special software to probe money trail in the case. The Enforcement Directorate (ED) will conduct a forensic audit of Vijay Mallya’s and related companies’ accounts, to collect money trail details in connection with the Rs 6,963 crore (Rs 69.63 billion) borrowed by him and his now-defunct Kingfisher Airlines. The ED is formally probing Mallya and Kingfisher Airlines under anti-money laundering laws in connection with a Rs 950 crore (Rs 9.5 billion) loan default ...
 Rediff.com1 month ago

Mallya deportation plea refusal may hit dues

  There have been more than 500 hearings and 180 adjournments so far. Lenders to defunct Kingfisher Airlines fear their legal battle for dues from the carrier and its promoter would face a hurdle, with the UK rejecting India’s plea to deport Vijay Mallya. Public sector bank executives said the recovery and legal processes to bring him back were separate. After lenders rejected Mallya’s repayment offer in the Supreme Court last month, he has not come back with a revised one, ...
 Rediff.com1 month ago

Has Mallya slipped the net of ED and CBI?

Mallya might continue to elude ED, CBI interrogation in the short term but could still be extradited to India It is unlikely that Indian investigating agencies will be able to interrogate industrialist Vijay Mallya on Indian soil anytime soon. The United Kingdom has told New Delhi that its laws do not allow it to deport Vijay Mallya to India. In Mallya’s case, the UK has asked the Government of India to consider requesting mutual legal assistance and initiating extradition proceedings.
 Rediff.com1 month ago
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