Despite phenomenal growth, Indian aviation has been a mixed bag with many lost opportunities
The Asian Development Bank (ADB) on Wednesday trimmed its forecast for India's economic growth in 2019-20 to 5.1 per cent saying consumption was affected by slow job growth and rural distress
He was arrested in London in April 2017 after 17 banks accused him of willfully defaulting on more than Rs 91 billion
IDBI Bank has informed and cautioned the public through the notice that "no person shall deal with any of the properties of the borrower/guarantor as huge dues are to be recovered from them".
Mallya had previously taken to Twitter to draw parallels between his situation and that of VG Siddhartha
In his plea, Mallya has said that he wanted attachment of only those properties that are related to Kingfisher Airlines
This strong assertion came on a day a UK court said Mallya's appeal in the UK High Court against his extradition order has been listed for a three-day hearing
The 63-year-old former Kingfisher Airlines boss told reporters outside the Royal Courts of Justice in London that he has always maintained that the charges against him were fabricated
The 63-year-old former Kingfisher Airlines chief faces alleged fraud and money laundering charges amounting to Rs 9,000 crore in India
A two-member bench of the Royal Courts of Justice comprising Justices George Leggatt and Andrew Popplewell made the conclusion after hearing the arguments
The judges are likely to reserve their judgment in the case and hand down their ruling in the coming weeks
Over and above the $135 million, Mallya is liable to pay interest incurred at a commercial rate as well as 200,000 pounds towards legal costs
Mallya made the statement through his counsel Amit Desai before a bench of justices Ranjit More and Bharati Dangre
Mallya is wanted in India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores
Mallya is wanted in India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores
He repeated his own offer to repay all the money he owes to India's public sector banks
Justice Clare Moulder ruled against the 63-year-old businessman's application to seek a delay in the full hearing in the case scheduled for May 23
Mallya has living in the UK since March 2016 and remains on bail on an extradition warrant executed by Scotland Yard in April 2017.
Mallya, who added a portfolio of real estate, yachts, Scotch whisky and Formula 1 racing to his United Breweries Ltd. business over the last two decades, continues to live a 'lavish lifestyle'
Mallya remains on bail on an extradition warrant executed by Scotland Yard in April 2017