Kingfisher Airlines Limited    
24 May 2017
Business Today
CBI sources said recently the Interpol has sent a fresh letter seeking more information about the wilful defaulter of Rs 9,000 crore to the banks.
Kingfisher Airlines Limited    
19 May 2017
Business Today
The property, spread across 17 acres, was provisionally attached by the agency last year in September under the provisions of the Prevention of Money Laundering Act (PMLA).
Kingfisher Airlines Limited    
18 May 2017
Business Standard
To bring economic offenders like Vijay Mallya under the long arm of Law, the Central government today proposed a stringent legislation to confiscate properties of "fugitive economic offenders".The draft, 'The Fugitive Economic Offenders Bill, 2017,'seeks to deter economic offenders from evading the process of Indian Law by remaining outside the jurisdiction of Indian Courts. The provisions of the proposed Fugitive Economic Offenders Bill, 2017, once passed by Parliament, will override other legislations dealing with economic offences.It provides for setting up of special courts under Prevention of Money Laundering Act (PMLA) to declare a person a fugitive economic offender. "It is widely felt that the specter of high-value economic offenders absconding from India to defy the legal process seriously undermines the rule of law in India," the finance ministry said in a statement."It is, therefore, felt necessary to provide an effective, expeditious and constitutionally permissible...
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Kingfisher Airlines Limited    
18 May 2017
Business Standard
If the liquor baron is replaced before his term is over, India will lose its seat
Kingfisher Airlines Limited    
13 May 2017
Business Today
Vijay Mallya, the 61-year-old chief of the erstwhile Kingfisher Airlines who owes over Rs 9,000 crore to various Indian banks, has been living in self-imposed exile in Britain since March last year.
Kingfisher Airlines Limited    
10 May 2017
Economic Times
Home Ministry to ensure Vijay Mallya's presence: SCThe apex court has held Vijay Mallya guilty of contempt of court for disobeying its orders by not disclosing full particulars of his assets.
Kingfisher Airlines Limited    
10 May 2017
ED to base Vijay Mallya extradition case on money laundering charges
ED to base Vijay Mallya extradition case on money laundering charges
livemint
The Enforcement Directorate (ED) will file a supplementary request Vijay Mallya extradition from the UK and will base its case on evidence of money laundering
Kingfisher Airlines Limited    
08 May 2017
Business Standard
India will try to convince the British judiciary to get him Vijay Mallya back to India
Kingfisher Airlines Limited    
04 May 2017
Business Today
India today is vehemently demanding the extradition of not a gangster but an ex-industrialist and liquor baron - Vijay Mallya.
Kingfisher Airlines Limited    
04 May 2017
Business Standard
Proxy firm Stakeholders' Empowerment Services (SES) has raised concerns over the board composition of Sanofi India, where two former Kingfisher Airlines directors AK Ravi Nedungadi and Subash Gupte are serving as independent directors along with former RBI deputy governor Usha Thorat. "SES reiterates that there is no legal violation as far as board members are concerned. However, shareholders would be interested to know boardroom chemistry between an ex Regulator (Dr. Usha Thorat) and an ex-director of a company declared wilful defaulter," the firm said in a note ahead of the pharma major's annual general meeting on Friday. Kingfisher Airlines (KFA) has been declared as a willful defaulter by several banks after being grounded in October 2012 and its promoter Vijay Mallya is facing several proceedings including one to extradite him from UK. Nedungadi, who was a director of KFA till April 2014, had been associated with various Mallya businesses since the 1990s. Gupte, a former Air...