Free Press Journal
  • Banks looking at bilateral pact to sell Kingfisher House

    Mumbai : Lenders are considering making a fresh attempt to sell Kingfisher House here to recover their dues from Vijay Mallya, adopting a model followed in recent sale of the defaulter businessman’s posh Goa villa.

  • Vijay-Mallya

    7 statements by Vijay Mallya that prove he is the ‘King of quotes’!

    Liquor baron Vijay Mallya who is ‘wanted’ in India for defaulting on loans worth crores was arrested in London on April 18. Within 10-minute of his arrest and hearing at the Westminster Magistrates’ Court he was granted bail. Indian media was full of reports about his arrest and possibilities of Mallya to be brought in India soon. But minutes after his bail he made fun at ‘Indian media hype’ over his arrest. He tweeted,“Usual

  • Vijay Mallya

    Vijay Mallya’s luxurious jets, cars, islands & villas which are yet not auctioned!

    The ‘King of good times’ Vijay Mallya is today ‘wanted’ for defaulting on over Rs 8,000 crore in bank loans. It is his lavish lifestyle that is a matter of curiosity for more than a decade now. Lenders are eagerly waiting for him to return to India and put his valuable assets under the hammer to clear all the dues of the Kingfisher Airlines. There are plenty of items on the list such as

  • Vijay Mallya

    The fake New York based Ferrari story that touted Vijay Mallya as a legend

    Several reports are doing the rounds after ‘The King of good times’, Vijay Mallya got accused for a default loan of Rs 9,000 crore. One such story is about Mallya getting cheap parking for his car by using bank collateral. Well, the story might be real or fake but is an interesting quick read. On February 28, 2016, a video was posted on social media that claimed Indian millionaire Vijay Mallya using his Ferrari

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    Vijay Mallya’s extradition: All you need to know about it

    Businessman Vijay Mallya was produced in magistrate court on Tuesday and was released within three hours of his arrest on bail, though many would believe it is a positive and successful move by the government in trying to bring Mallya back. But the story ahead could be way different.

  • vijay mallya

    Government was committed from day one on Mallya’s arrest: BJP

    New Delhi: Asserting that the government of India left no stone unturned in trying to arrest liquor baron Vijay Mallya, the Bharatiya Janata Party (BJP) on Wednesday said it was committed from day one in the matter.

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    Parties squabble over Vijay Mallya’s arrest

    New Delhi/Mumbai : A beleaguered Vijay Mallya may have walked free on bail within hours of his arrest but the event, which he nonchalantly dismissed as “usual Indian media hype”, had rival parties claiming credit for it and engaging in recrimination.

  • Vijay Mallya

    Vijay Mallya and his love of ‘wives’: 3 women you should know about!

    There was a time when Vijay Mallya was the ‘King of good times’, he was the living avatar of the adage ‘Work hard, party harder’. But the cruel twist of fate in his life has converted him to the ‘Monarch of loan defaulters’. And that brought him a non-bailable warrant in the Rs 720-crore IDBI bank loan default case. Mallya’s airlines owes about Rs 9,000 crore to various banks and this was the reason

  • Vijay Mallya-091216

    Vijay Mallya, Who Fled India In 2016, Arrested In London By Scotland Yard

    Liquor baron Vijay Mallya has been arrested by Scotland Yard police from London on Tuesday. According to the initial reports, he will be taken into Westminster court. As per the reports, the flamboyant businessman is likely to be extradited to India. A CBI team will visit the United Kingdom soon. Vijay Mallya fled India in 2016 amid attempts by the group of bankers to recover the pending loans.

  • Bizman takes possession of Mallya’s villa in Goa

    Panaji: Businessman-cum-actor Sachiin Joshi on Monday took possession of Kingfisher Villa, earlier owned by troubled liquor baron Vijay Mallya, which he had purchased from a consortium of banks recently. Joshi, the promoter of the Viking Ventures Private Limited, took possession of the sprawling property after opening the gates of the villa in afternoon.

  • Liquor baron’s Kingfisher villa may be renamed

    PANAJI:  Formerly owned by disgraced liquor baron Vijay Mallya, the iconic Kingfisher villa in North Goa’s upscale Candolim beach village may undergo a name change. Speaking to IANS during the unveiling of the three-acre property, its new owner, actor-businessman Sachiin Joshi, who is the promoter of Viiking Ventures Pvt. Ltd., said that a change of name was an eventuality, but he also hinted that no name has been finalised for the palatial

  • Kingfisher Villa

    Sold at last! Guess who finally purchased Vijay Mallya’s Kingfisher Villa!

    As the Indian government is making efforts to bring back defaulter businessman Vijay Mallya, the banker consortium has been able to sell his house in Goa, finally, and recover Rs 73 crore. After several failed attempts to auction Mallya House, actor Sachiin Joshi eventually bought the Kingfisher Villa. The Goa property was once owned by disgraced businessman Vijay Mallya but was taken over by lenders after he failed to repay the loans he took

  • UK judge to consider India extradition plea for Mallya

    New Delhi : Setting in motion the process of extradition of industrialist Vijay Mallya, who has been declared a proclaimed offender, the British government has certified India’s request and sent it to a district judge for further action.

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    Less than 2% loan outstanding against Mallya recovered so far

    New Delhi: Public sector banks have been able to recover only a fraction of the more than Rs 8,000 crore loan outstanding against embattled businessman Vijay Mallya, Parliament was informed today. Banks had reported Rs 8,191 crore as loan outstanding against Mallya as on December 31, 2016, Minister of State for Finance Santosh Kumar Gangwar said in a written reply in the Rajya Sabha. “As reported by PSBs, amount of Rs 155

  • 2 IDBI officials get bail in Mallya case

    Mumbai : The Bombay High Court on Friday granted bail to the two IDBI bank officials who were booked in the Rs 900 crore loan default case of Vijay Mallya.

  • `8,040 cr loan given to Mallya in 2004, declared NPA in 2009

    New Delhi :  Loans totalling over Rs 8,000 crore were given to absconding industrialist Vijay Mallya during the tenure of the previous UPA government at the Centre, Parliament was informed on Friday.