Free Press Journal
  • Lenders cut reserve prices of KFA properties for March 6 auction

    Mumbai : The 17-lender consortium to the defunct Kingfisher Airlines (KFA) has once again put on block Kingfisher House in the city and Kingfisher Villa in Goa, with a 10 per cent reduction in the reserve prices.

  • Mumbai: 6 accused in Mallya loan default case granted bail

    Mumbai: A special court on Friday granted bail to six accused who were arrested by the Central Bureau of Investigations (CBI) in connection with the Vijay Mallya’s loan default case of Rs 900 crores. The court has also rejected the bail pleas of former Kingfisher Airlines (KFA) Chief Financial Officer (CFO) and former Chairman of the IDBI bank.

  • India hands over Mallya extradition request to Britain

    New Delhi: India today handed over to the UK an extradition request for absconding businessman Vijay Mallya who is facing cases of loan default and other financial irregularities.

  • I am the football in NDA versus UPA match: Vijay Mallya

    New Delhi: With the government planning to frame a law to prevent loan defaulters from fleeing the country, beleaguered liquor baron Vijay Mallya has likened himself to a “football” being kicked around by “two fiercely competitive teams” NDA and UPA.

  • Government, Congress spar over Vijay Mallya

    New Delhi: The BJP on Monday alleged former Prime Minister Manmohan Singh and then Finance Minister P. Chidambaram favoured industrialist Vijay Mallya in getting huge loans for bailing out the now defunct Kingfisher Airlines. Both the Congress leaders rejected the allegations and asserted that the letters from the liquor baron were a routine affair.

  • BJP, Congress spar over “help” extended to Mallya

    New Delhi: BJP and Congress today traded charges over “help” extended to Vijay Mallya in securing loans and fleeing the country, with the two parties hurling accusations at each other for coming to the aid of the beleaguered businessman.

  • How IDBI bank hastily disbursed loan to Vijay Mallya

    New Delhi: Two initial tranches of loan worth Rs 350 crore were hastily disbursed by IDBI bank to Kingfisher Airlines after a “holiday” meeting between liquor baron Vijay Mallya and the then bank CMD as both organisations “criminally conspired” to clear the entire deal despite weak financials of the airline, the ED has said.

  • Govt Bailed Out Air India , Not Kingfisher: Vijay Mallya

    Bengaluru : Beleaguered industrialist Vijay Mallya said on Saturday that the  government preferred to help the loss-making Air India and not his Kingfisher Airlines. “Government bailed out Air India, but did not bail out KFA. So much for favours,” recalled Mallya in a series of tweets.

  • Mallya plays ‘innocence’ card, talks of ‘witch-hunt’

    New Delhi : Beleaguered liquor baron Vijay Mallya has claimed “innocence” in the alleged funds diversion related to the now-defunct Kingfisher Airlines (KFA), saying nothing has come out finally against him from a court. “Till this minute, there is no final judicial determination on what KFA owes to banks and what I may owe in my personal capacity after trial,” Mallya tweeted.

  • Vijay Mallya plays ‘innocence’ card, talks of ‘witch-hunt’

    New Delhi: Beleaguered liquor baron Vijay Mallya has claimed “innocence” in the alleged funds diversion related to the now-defunct Kingfisher Airlines (KFA), saying nothing has come out finally against him from a court.

  • Sebi bars Vijay Mallya, six others from securities market

    New Delhi : Cracking the whip, regulator Sebi on Wednesday barred beleaguered businessman Vijay Mallya and six others from the securities market in a case related to alleged fund diversions from United Spirits Ltd.

  • CBI sleuths visit UB Group offices

    Bengaluru : A team of CBI officials on Monday visited the offices of the UB Group led by Vijay Mallya, who is facing the process of recovery of Rs 6,203 crore from banks in the Kingfisher case and has been declared a proclaimed offender by a court.

  • Vijay Mallya loan default case: Ex-IDBI Bank chairman among 8 arrested

    New Delhi : CBI on Monday arrested a former chairman and three other ex-officials of IDBI Bank along with four former executives of Kingfisher airlines in connection with the Vijay Mallya loan default case. Those arrested include the then Chairman of IDBI Bank Yogesh Aggarwal and former CFO of now-defunct Kingfisher Airlines A Raghunathan, CBI sources said.

  • Bombay HC okays auction of Vijay Mallya’s plane

    Mumbai : The Bombay High Court on Thursday directed the Service Tax Department to complete the auction process of the private luxury airbus of former liquor baron Vijay Mallya. The HC also granted a total of 10 weeks time to the department for completing the auction.

  • DRT orders banks to start recovery of loans from Mallya

    Bengaluru : In yet another blow to ‘wilful defaulter’ Vijay Mallya, Debt Recovery Tribunal on Thursday ordered the SBI-led consortium of banks to start the process of recovering over Rs 6,203 crore, at 11.5 per cent annual interest rate, from the embattled tycoon and his companies in the Kingfisher Airlines case.