At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK

Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya's French luxury property Le Grand Jardin

Last month, India strongly underlined its interest in the liquor baron's expeditious extradition during talks between Foreign Secretary Harsh Vardhan Shringla and UK Home Secretary Priti Patel in London

Developers are leaving no stone unturned to make the rich feel good, while customers are seeking nothing but the best for their home experience

Vijay Mallya has now exhausted all legal options against his extradition to India; this ruling will be sent back for re-certification and the process of extradition would be triggered within 28 days

Cabinet approves amendments to streamline Insolvency and Bankruptcy CodeThe Union Cabinet has approved certain amendments to the Insolvency and Bankruptcy Code (IBC) during its meeting on Wednesday. The changes in bankruptcy law are meant to help investment in troubled sectors, protect corporate debtors, and to prevent ill-thought-out triggering of bankruptcy proceedings. The amendments also ensure that the foundation of a corporate debtor's business remains safeIndian banks seek ...

Is the truce between the warring co-founders of IndiGo for real?

The US Food and Drug Administration (FDA) inspected UBL's Panvel plant in Mumbai last August and filed an Establishment Inspection Report (EIR) that listed concerns such as birds faeces on packages of beer cans and potential contamination sources

Judge Simler indicated that she has noted that Modi does possess the means to flee the UK and that factor must be a feature in a case involving such sizeable funds.

If and when he is extradited, Nirav Modi will share a room measuring 15 feet by 20 feet with Vijay Mallya at the Arthur Road Jail in Mumbai

The judges ruled that the bail security offered was insufficient and that there was 'substantial risk' that he would fail to surrender.

Jet Airways' lenders have worked out a survival plan. Will it work?

ED's probe shows that Mallya, UBHL and others promoters of Kingfisher Airlines held shares of various public listed companies but did not use these instruments to clear the outstanding dues.

As company strategies are evolving fast in sync with a fast-paced economy, new-age boards need to evaluate these for effectiveness and governance issues.