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October 27, 2018
The company said there are delays/defaults in repayments of substantial dues to lender. Its current liabilities exceeded its current assets and its net worth has also been eroded as at September 30, 2018.

October 27, 2018

New Delhi, October 25, 2018
Forensic auditors say over Rs 100 crore was diverted to a company -- GauriSuta InfrastructuresPvt Ltd -- by one of the group firms and there were 'variousmalfunctionings' by statutory auditors, who have totally failed in theirduties.

October 19, 2018

October 18, 2018
The London High Court recently issued an order stating that the court's enforcement officers are \"at liberty to sell\" six of the 62-year-old's posh cars to pay off the Rs 10,000 crore debt he owes to the consortium of 13 lenders.

Chennai, August 30, 2018
The SBI submitted that by effecting the provisional attachment order, the ED had scuttled the frantic efforts of the banks from realising public money.

New Delhi, July 6, 2018
SBI Managing Director Arijit Basu says Indian banks are working closely with various agencies, including in the UK, to recover the maximum possible assets owned by Mallya.

New Delhi, July 5, 2018
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London. It permits the officer and his agents entry to Ladywalk and Bramble Lodge in Tewin, Welwyn, where Mallya is currently based.

June 26, 2018
A week after he became the first person to be tried under India's new Fugitive Economic Offenders Ordinance, the former King of Good Times Vijay Mallya took to Twitter this afternoon to put forth his side of things.

June 16, 2018
The court's assessment of costs is a separate process, which ends with another court hearing before a specialist costs judge in the UK. But in the meantime, Mallya must pay 200,000 pounds towards this legal costs liability.

May 9, 2018
The victory for the banks, which claimed the businessman had wilfully defaulted on the loans accessed from them, will enable them to enforce the Indian judgment against Mallya's assets in England and Wales.

March 12, 2018

February 14, 2018

December 14, 2017
Vijay Mallya, who is undergoing an extradition trial in a UK court over Rs 9,000-crore fraud and money laundering charges, will face next year a parallel litigation brought by 13 Indian banks to freeze nearly $1.5 billion of his assets.

Monish Panda & Amit Kumar Bhattacharyya
New Delhi, December 12, 2017
With the advent of the code, there have been unprecedented changes in the landscape of insolvency laws in India, most importantly the inclusion of the concept of corporate insolvency resolution process.

Anand Adhikari
New Delhi, November 1, 2017
This is the big fear among banks, which are now making a last ditch effort through the new bankruptcy code, to get their money back.

Ramesh Vaidyanathan
New Delhi, July 31, 2017
Insolvency resolution took 4.3 years on an average, which was much longer than the global average of 1.5 years. India stood 136th in World Bank's ranking on resolving insolvency.

Dipak Mondal
April 25, 2017
These are early days for insolvency professionals and nobody knows what fate they could meet in the future. Will they be as effective as touted, or poor implementation would result in this law facing the same fate as the previous ones?

January 20, 2017
The ED today said it has arrested city-based financer Kishore Bhajiawala on money laundering charges and for allegedly using 1,000 fake IDs to illegally convert Rs 1 crore in old notes into new post demonetisation.

January 19, 2017
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.

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