Lessons from the failure of some of India's biggest business names.

When asked if he is still interested in settling his dues with PNB, Choksi said, \"My brand value has come to zero. Everything I have has been seized. They can sell off my assets and pay whoever has to be paid.\"

Other than convincing the RBI and bankers to back the road projects, Jaitley will also have to work with the central bank to develop financial institutions.

Earlier, the Westminster court, which is hearing Vijay Mallya's extradition case in the UK, had asked the Indian authorities to submit a video of the Arthur Road Jail where they planned to keep liquor baron after extradition.

On November 4, 2016, the oil ministry had slapped a demand of $1.47 billion on the RIL-BP-Niko consortium for \"unfairly\" producing natural gas belonging to ONGC.

Vijay Mallya is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 9,000 crores. If extradited, he could be kept in the Arthur Road jail.

A Boston Consulting Group report reveals that economies like US, UK, Singapore, Hong Kong, Germany and Japan have a recovery rate of 80% and a resolution time frame of under one-and-half years. India has posted a sub-par recovery rate of 26.4% and an average resolution time of 4.3 years.

The development comes weeks after a special court summoned Vijay Mallya to appear before it on August 27 on the ED's plea seeking action against him under the fugitive economic offenders ordinance.

On July 5, a UK High Court judge issued an enforcement order in favour of a consortium of 13 Indian banks allowing them to enter, search and seize goods from Mallya's current location. However, most of the Mallya's assets are not in his name, and hence won't be of any use to the recovery officials. Watch BusinessToday.In video on what India can and can't seize from fugitive Vijay Mallya.

SBI is the leader of the consortium of 13 banks that lent about Rs 9,000 crore to Mallya's now defunct Kingfisher Airlines. The state-run lender has appointed a valuer to assess the value of Vijay Mallya's assets. 

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.

ED initiates extradition process against Nirav Modi under MLATWith the permission of special PMLA Court, the Enforcement Directorate (ED) has begun the extradition process against diamantaire Nirav Modi in $2-billion PNB loan fraud case under PMLA. Till now, the extradition has been sought from UK, Belgium and a few other countries. But that's not all. The agency is also working on another strategy, i.e. MLAT. Sources told Indiatoday.in that the agency is also making a request for...

The Delhi High Court today sought the Centre's response to a plea by Vodafone challenging an order that the high court has jurisdiction to entertain a plea against the international arbitration initiated by the company against India in connection with a tax demand of Rs 11,000 crore.

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.

Vijay Mallya claimed that the value of his assets currently is much more than what it was in 2016.

Mallya said in a statement from the UK that he had written this letter way back on April 15, 2016 to both Prime Minister Narendra Modi and Finance Minister Arun Jaitley, but he didn't receive any response from them.

The 47-year-old has been on the run since January for masterminding the over $2 billion PNB fraud; he has since been spotted in Dubai, Hong Kong, Belgium, New York and London.

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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.

Under the Insolvency and Bankruptcy Code, the sale process has almost been completed in three cases -- Bhushan Steel, Electrosteel Steels and Monnet Ispat and Energy. There is less clarity in the other cases when the 270 day timeframe for resolution ends around now.