Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «mallya»

27 July, 2017 3:56 PM Return $40 mn, Diageo tells Mallya

British liquor giant Diageo said on Thursday it had asked beleaguered businessman Vijay Mallya to return $40 million paid to him as part of the $75 million (₹515 crore) sweetheart deal for his exit from United Spirits Ltd. Diageo has stopped payment of $7 million a year to Mallya as part of the deal and sought compensation for the losses incurred by the company 26

27 July, 2017 2:51 PM Diageo asks Mallya to return USD 40 million, seeks compensation

Diageo has paid USD 40 million of the total USD 75 million after signing an agreement on February 25, 2016, while the balance USD 35 million was to be paid in equal instalments of USD 7 million a year over five years. British liquor giant Diageo today said it has asked beleaguered businessman Vijay Mallya to return USD 40 million paid to him as part of the USD 75 million 34

14 July, 2017 1:16 PM Supreme Court defers hearing on quantum of punishment for Vijay Mallya

NEW DELHI: The Supreme Court on Friday deferred hearing on the quantum of punishment to be awarded to liquor baron Vijay Mallya till the government produces him before it. Mallya has been held guilty of contempt of the top court for not appearing before it and not making full disclosure of assets held by him and his family as ordered earlier 47

14 July, 2017 12:06 PM We do not wish to oversee government's efforts to bring Mallya back, says Supreme Court

Even as there is still no sign of businessman Vijay Mallya, the government assured the Supreme Court on Friday that it is taking steps to extradite him from the United Kingdom. The extradition hearing there is scheduled for December 4, 2017. As Attorney-General K.K. Venugopal detailed India's extradition request made in February 2017 before the U.K. government 46

14 July, 2017 10:42 AM SC adjourns Vijay Mallya contempt case; says his presence a must for any action

In what can be perceived as a little relief to businessman Vijay Mallya, the Supreme Court on Friday adjourned the hearing on contempt case proceeding against the loan defaulter and further added that the hearing in case will be proceeded further only when Vijay Mallya is produced before it. Taking a note over the extradition process of Mallya, the court 56

14 July, 2017 9:16 AM Mallya Calls The Extradition Case A 'Witch Hunt', Says 'Not Missing India'

Vijay Mallya, the businessman fighting India’s high profile extradition request in $1.4 billion loan case, says he is not missing India. In a recent interview with a news agency, the business tycoon said, “There's nothing to miss”, he went on to explain, “All my immediate family is either in England or the US. Nobody in India at all. As far as my step-siblings 23

10 July, 2017 4:53 AM Contempt of court case: SC to pronounce quantum of punishment against Vijay Mallya today

The apex court in May had held Mallya guilty of contempt of court for disobeying its orders by not disclosing full particulars of his assets and also violating the orders of Karnataka High Court by transferring USD 40 million received from British firm Diageo, to his three children.    New Delhi: The Supreme Court on Monday is set to pronounce the quantum 72

10 July, 2017 4:08 AM Supreme Court to pronounce sentence against Vijay Mallya in contempt case today

The Supreme Court will on Monday pronounce the quantum of punishment against wanted tycoon Vijay Mallya in a contempt case. The top court had on May 9 held the liquor baron guilty of contempt of court for transferring $40 million to his children in violation of its order. The court had also directed Mallya, who fled to the UK last year, to appear before 54

15 June, 2017 3:05 AM Vijay Mallya, Kingfisher Airlines indulged in money laundering, criminal activities, says ED

Liquor baron Vijay Mallya was an active participant in money laundering and his Kingfisher Airlines pvt Ltd had indulged in criminal activities, the Enforcement Directorate has informed a special anti money laundering court in Mumbai. The ED has said this in its 57-page charge sheet or prosecution complaint in connection with Rs 900 crore IDBI-KFA bank loan case probe 99 1

14 June, 2017 10:18 PM Day after UK court relief, ED charges Vijay Mallya, others

MUMBAI: A day after a London court granted Vijay Mallya relief till December in an extradition case, the Enforcement Directorate (ED) on Wednesday submitted a chargesheet in a Mumbai special court against the businessman and six others in a Rs 900-crore money laundering case. The directorate will send a copy of the chargesheet, which runs into over 5,000 pages 56