Gulf Times - Kingfisher-Airlines
Indian tycoon Mallya prepared to settle debts: FT

Indian tycoon Mallya prepared to settle debts: FT

Former Indian airline boss Vijay Mallya said he is prepared to settle millions of dollars owed to banks after the collapse of his firm, in an interview published in the Financial Times on Friday.

Indian investigators want Britain to deport Mallya

Indian investigators want Britain to deport Mallya

India's financial crimes agency is seeking the deportation of former airline boss Vijay Mallya from Britain, after he left the country owing more than $1bn.

Indian foreign ministry suspends Vijay Mallya's passport

Indian foreign ministry suspends Vijay Mallya's passport

India's government said it had temporarily suspended the passport of beleaguered tycoon Vijay Mallya, after he failed to appear before financial crime investigators in connection with a money laundering probe.

Indian tycoon Mallya offers to repay $603mn of loans

Indian tycoon Mallya offers to repay $603mn of loans

Embattled Indian tycoon Vijay Mallya has proposed to repay ?40bn ($603mn), less than half of what his defunct Kingfisher Airlines owes to creditor banks.

India regulator gets tough on 'wilful defaulters'

India regulator gets tough on 'wilful defaulters'

India's market regulator Saturday announced a clampdown on "wilful defaulters" as the government tackles mounting bad bank loans, days after tycoon Vijay Mallya left the country owing more than $1 billion.

Tycoon Mallya denies 'fleeing' India, Delhi left red-faced

Tycoon Mallya denies 'fleeing' India, Delhi left red-faced

Tycoon Vijay Mallya, under pressure from banks to repay more than $1bn owed by his collapsed airline, refuted claims he had fled India as politicians traded recriminations over how he was able to fly to Britain unhindered.

Indian tribunal halts $75mn payout to Vijay Mallya

Indian tribunal halts $75mn payout to Vijay Mallya

An Indian tribunal halted a $75mn severance payout from spirits giant Diageo to Vijay Mallya, a beleaguered liquor baron accused of defaulting on hundreds of millions of dollars in loans.