High Court in London grants access to around 1.1 million pounds from court-held funds to meet living expenses and legal costs to Embattled liquor tycoon Vijay Mallya

Acting on a petition by Pune-based RTI activist Vihar Durve, the panel directed the central agency to cite regulations under which look out circulars were issued in October and November, 2015

SBI mega property e-auction: The State Bank of India will carry out the e-auction to sell the mortgage assets of loan defaulters to recover the dues

The State Bank of India (SBI) has put up the mortgage assets of loan defaulters to recover the dues through this e-auction and has published the advertisement in the leading newspapers along with its social media handles - Facebook, Twitter, Instagram etc

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

SBI senior counsel Mukul Rohatgi, informed the apex court that Mallya is facing bankruptcy proceedings in the UK, besides extradition proceedings

An Letter of Request (LoR) is a formal communication sent in writing by a court to a foreign court or concerned judicial authority in cases where probe or judicial proceedings are pending

Central Bureau of Investigation has said 38 people involved in financial irregularities with banks fled from India between January 1, 2015, and December 12, 2019, Anurag Thakur said

The top court also rejected his appeal seeking review of the 2017 ruling which held him guilty of contempt for transferring $40 million to his children's accounts in contravention of court orders

The Supreme Court on Monday rejected a petition by fugitive liquor baron Vijay Mallya seeking review of its 2017 verdict holding him guilty of contempt of court for transferring $40 million to his children

Mallya, who is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is presently in the United Kingdom.

India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit

Contrary to popular belief, private sector efficiency vis-a-vis public sector is a neoliberal construct for which there is little evidence or lived experience but is pushed, nevertheless, for private gains

CBI inquiry revealed the firms associated with Videocon colluded with the consortium of banks for undue gains causing loss to the banks

India overtakes UK, becomes 4th worst-hit country from COVID-19 virusIndia has overtaken the United Kingdom in terms of coronavirus cases to become the fourth worst-hit country with a caseload of 2,97, 205. India is now at the fourth spot, only behind the US (20,76,495 cases), Brazil (7,87,489) and Russia (5,02,436), as per Worldometer figures.India asks UK govt to not consider Vijay Mallya's asylum requestIndia has asked UK authorities to not consider absconding liquor baron Vijay ...

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

Earlier this month, Mallya had filed an appeal in the UK Supreme Court after losing an appeal in the London High Court against an extradition order to India on alleged charges of fraud and money laundering related to unrecovered loans to Kingfisher Airlines

The CBI had recently booked Ram Dev International and its directors Naresh Kumar, Suresh Kumar and Sangita, for defrauding Rs 414 crore

According to the 14th Finance Commission, the fiscal deficit targets of the states will be anchored to an annual limit of 3 per cent of Gross State Domestic Product (GSDP)