SBI in talks with SBI Caps to sell shares via block deals
Vijay Mallya on Wednesday lost an appeal to gain further access to court-held funds to cover his costs for legal proceedings in India
A consortium of Indian banks led by the State Bank of India (SBI) on Tuesday moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines
At a virtual summit with UK PM, Modi said economic offenders should be sent back to India at the earliest for trial, says Ministry of External Affairs
Sitharaman said that fugitive businessmen Vijay Mallya, Nirav Modi and Mehul Choksi are "coming back to India" to face the law
In the last five years, India managed to bring only about 20 fugitive offenders including AgustaWestland deal middleman Christian Michel James
Before the Nirav Modi win, the Centre has stated in an RTI reply that of the 72 absconding economic offenders it has managed to bring only two in the past nearly six years
The shares were sold in the stock markets and the proceeds will be used to retire part of bank dues
Vijay Mallya, who is due to be extradited to India, has applied for 'another route' to be able to stay in the UK
It is likely that the reference is to an asylum route which, according to legal experts, would depend upon whether Mallya applied for asylum prior to the extradition request or after
Mallya's lawful group has said that the banks are "made sure about loan bosses" and subsequently ought not bring liquidation procedures
Vijay Mallya denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India (SBI)
Mallya has been denied access by a UK court to a significant chunk of his cash held by the UK court funds office as part of bankruptcy proceedings against him launched by a consortium of Indian banks
A UK court refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya
A consortium of Indian banks led by the State Bank of India returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya
Investigations under the Prevention of Money Laundering Act revealed that a large amount was remitted abroad from the bank account of Kingfisher Airlines for creation of the asset.
The UK on Tuesday said Vijay Mallya cannot be extradited to India till the resolution of a confidential legal matter and that it is trying to resolve the issue as quickly as possible.
Book review of The Meltdown: India Inc's Biggest Implosions
The Centre had on October 5 told the apex court that Mallya cannot be extradited to India until a separate "secret" legal process in the UK, which is "judicial and confidential in nature is resolved"
The top court after a brief hearing in the matter adjourned the case to the third week of January. Stay tuned for Latest LIVE news