India. Hyderabad court issues NBW against Vijay Mallya

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A Hyderabad magistrate court has issued a non-bailable warrant (NBW) against UB Group chairman Vijay Mallya and A Raghunathan, chief financial officer of defunct Kingfisher Airlines, in an alleged cheating case. (more…)

India. Keeping a watch on Mallya crisis: Heineken

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Dutch beer giant Heineken said it was “following developments” its Indian partner Vijay Mallya is embroiled in but will not comment right now. Speculation has been gaining ground that Heineken might hasten the move to take full control of United Breweries, makers of Kingfisher beer, of which Mallya remains chairman. (more…)

India. Why only Vijay Mallya?

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Everyone wants a piece of Vijay Mallya, who left India even as a consortium of banks and investigative agencies were tightening the noose to recover money his company owed and see whether there were any irregularities in how these loans were issued and what the money was used for. (more…)

India. SBI Seeks Vijay Mallya’s Arrest, Seizure Of Passport

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Top state-run lender State Bank of India (SBI) has sought arrest of Vijay Mallya, and also impounding of his passport, as the bank approached Debt Recovery Tribunal (DRT) seeking action against the UB Group promoter for defaulting on loans. (more…)