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25 May 2019

Diageo wins $135 mn claim against Mallya in UK court

Diageo is seeking a total of USD 175 million from the 63-year-old businessman and was successful in one aspect of that claim as it was awarded a "summary judgment" by Justice Robin Knowles, who dismissed Mallya's reliance on an alleged oral promise from Diageo dating back to February 2016.

10 Jul 2016

More trouble for Vijay Mallya: SEBI steps up probe; to seek overseas help

In mounting troubles for embattled Vijay Mallya, markets regulator SEBI has stepped up its probe into alleged fund diversion from his erstwhile listed group firms to other entities, including some abroad and his various sport ventures.

Kingfisher Airlines

11 May 2016

North Goa collector allows banks to take over Kingfisher Villa

In a major setback to liquor baron Vijay Mallya, revenue officials in Goa Wednesday allowed the lenders to Kingfisher Airlines to take physical possession of `Kingfisher Villa' in Candolim.

13 Apr 2016

SBI-led consortium files counter to UBHL claim of Rs 594 crore

A consortium of banks led by State Bank of India Wednesday filed counter objections against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of USL equity shares by lenders at 'cheaper rate'.

05 Apr 2016

Vijay Mallya Case: Diageo Plc files objections against DRT Order

British liquor giant Diageo and two of its subsidiaries today filed their objections in the Debt Recovery Tribunal here against its last month order barring liquor baron Vijay Mallya from withdrawing USD 75 million exit payout by it under a sweetheart deal till the disposal of SBI's case against him over loan default.

23 Mar 2016

Will retire from Chairmanship of Sanofi India: Vijay Mallya

Beleaguered liquor baron Vijay Mallya Wednesday announced he will retire as Chairman of Sanofi India and will not seek reelection as a director of the drug maker, nearly a month after he signed a sweetheart deal with Diageo to step down as Chairman of United Spirits Ltd.

11 Mar 2016

Diageo to 'review' DRT order, says $40 million paid to Vijay Mallya

As part of their agreement Diageo agreed to pay Mallya, USD 75 million for stepping down as Chairman of United Spirits and for entering into a non-compete pact.

09 Mar 2016

Have already paid $40 million to Vijay Mallya as part of $75 million deal: Diageo

Asked about the Debt Recovery Tribunal`s (DRT) March 7 order to it not to pay Mallya any part of the severance package till its next hearing on March 28, King said the company was yet to receive such an order.

07 Mar 2016

'Sweetheart deal' turns sour: DRT bars Vijay Mallya from withdrawing $75 mn Diageo money

The tribunal ordered that the amount be attached till the disposal of the original application filed by State Bank of India in 2013.

03 Mar 2016

Vijay Mallya has only one regret: Kingfisher Airlines not flying

With banks going after him to recover unpaid loans given to long-grounded Kingfisher Airlines, beleaguered businessman Vijay Mallya remains defiant.

28 Feb 2016

Vijay Mallya's USL exit: Kingfisher Airlines lenders to move DRT

The consortium of 17 lenders to the long grounded Kingfisher Airlines have decided to move the Debt Recovery Tribunal (DRT) against the airline Chairman Vijay Mallya to stake claim on the USD 75 million severance package he will be getting for quitting United Spirits (USL).

28 Feb 2016

Vijay Mallya exits USL but over 2 lakh investors still stuck in KFA

In an irony of sorts, over two lakh investors are estimated to be stuck with shares of long- grounded Kingfisher Airlines even as its lenders are now eyeing the Rs 515-crore bounty sealed by main promoter Vijay Mallya as part of a 'sweetheart deal' to exit United Spirits.

26 Feb 2016

Vijay Mallya's 'sweetheart deal' with Diageo, United Spirits faces SEBI scrutiny

Vijay Mallya's Rs 515-crore 'golden parachute' to exit United Spirits faces an extensive scrutiny by markets regulator SEBI, which has begun looking into possible violations of corporate governance and other norms because of this deal.

26 Feb 2016

USL to pursue recovery of Rs 1,337 cr loan from UB Holdings

Diageo-controlled United Spirits Friday said it will continue to pursue recovery of loans worth Rs 1,337 crore from its erstwhile promoter group firm United Breweries Holdings through "dialogue or other legal means".

25 Feb 2016

Vijay Mallya exits United Spirits Limited: Interesting facts

In a deal that puts him on the winning side, Vijay Mallya on Thursday resigned as the chairman of United Spirits Limited but not before pocketing a cool Rs 515 crore.

25 Feb 2016

Vijay Mallya quits as United Spirits chairman; to pocket Rs 515 crore from Diageo

Mallya, who along with his group firms is fighting 'wilful defaulter' tags given by various lenders in relation to loans taken by long-defunct Kingfisher Airlines, said he would now "spend more time in England" closer to his children.

25 Feb 2016

Vijay Mallya exits United Spirits Limited; Diageo to pay him $75 mn over 5 years

According to reports, Mallya said he was pleased to reached a mutual release with United Breweries group and Diageo, the owner of United Spirits.

United Spirits Limited

16 Jan 2016

United Spirits to sell stake in its Nepalese subsidiary

Liquor firm United Spirits plans to divest its entire stake in subsidiary United Spirits Nepal Pvt Ltd, to an existing invetsor, for Nepalese Rs 34.14 crore.

09 Nov 2015

Cash-strapped Mohun Bagan to sue principal sponsor USL

It's reliably learnt that USL has not paid a single penny to Mohun Bagan from November 2014 to March 2015.

United Spirits Limited

23 Aug 2015

United Spirits, Kingfisher Airlines face axe for listing violations

More than 100 listed companies, including United Spirits Ltd and long-grounded Kingfisher Airlines, have been slapped penalties for violating the Listing Agreement provisions set forth by SEBI and exchanges.

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