United Bank says lost hope to recover money from Kingfisher Airlines

Last Updated: Sunday, May 24, 2015, 11:39

United Bank of India has become the first of the 17 lenders to publicly admit that it no longer expects to recover its dues from the beleaguered Kingfisher Airlines.

HC defers hearing on Mallya's plea in cheque bounce cases

Last Updated: Friday, May 8, 2015, 17:59

Justice Sunil Gaur also exempted Mallya from personal appearance before the trial court.

United Spirits snubs BSE too on Vijay Mallya probe report

Last Updated: Thursday, May 7, 2015, 13:21

Engaged in a boardroom battle with its Chairman Vijay Mallya, United Spirits has refused to share with the BSE its inquiry report on alleged fund diversion to UB Group firms, after rejecting a similar demand from another stock exchange NSE to make the report public.

NSE asks USL to make Vijay Mallya probe report public; company refuses

Last Updated: Wednesday, May 6, 2015, 21:46

Taking forward its probe into the entire matter, the National Stock Exchange had asked United Spirits Ltd (USL) to provide a detailed report on its inquiry for "the public dissemination purpose".

NSE asks USL to make public fund diversion to Vijay Mallya's UB Group

Last Updated: Wednesday, May 6, 2015, 20:57

Alleging fund diversions, United Spirits' new own Diageo had recently asked Vijay Mallya to step down at the Chairman and Director of the Indian liquor firm.

USL may have to restate a/c; investor groups slam Diageo role

Last Updated: Sunday, May 3, 2015, 14:59

Facing a multi-agency scrutiny, Diageo-owned United Spirits may have to restate its financial accounts, even as some investor groups have begun to question the UK-based parent's long silence on allegations against the erstwhile main promoters, Vijay Mallya-led UB Group.

Mallya-USL row: ICAI seeks details from Sebi on auditors' role

Last Updated: Friday, May 1, 2015, 20:45

The ICAI has powers to initiate disciplinary action against auditors if they are found to have indulged in malpractices.

Kingfisher Airlines ordered to pay ex-pilot Rs 52 lakh in dues

Last Updated: Tuesday, April 28, 2015, 18:09

The Delhi High Court has directed the now defunct Kingfisher Airlines to pay over Rs 52 lakh to a female ex-pilot, on her plea seeking outstanding salary for a period of 21 months.

Vijay Mallya escalates war on USL board; Diageo pores over 'contract'

Last Updated: Monday, April 27, 2015, 22:23

Upping the ante to retain Chairmanship at United Spirits, embattled Vijay Mallya Monday said majority owner Diageo has "contractual obligations" to support his position, even as the British liquor giant said the contract was valid only if there were no "defaults".

UB entities, others under multi-agency scanner

Last Updated: Monday, April 27, 2015, 20:37

As Vijay Mallya fights it out with United Spirits to retain his Chairmanship, the role of some top executives, auditors and promoter entities linked to the UB Group have come under scanner of multiple regulatory agencies for alleged irregularities between 2010 and 2013.

Vijay Mallya: From bad to worse for 'King of Good Times'

Last Updated: Monday, April 27, 2015, 19:11

Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.

Vijay Mallya's boardroom battle casts shadow on USL, UB Group shares

Last Updated: Monday, April 27, 2015, 18:03

Amid a boardroom battle at Diageo- owned United Spirits to oust Chairman Vijay Mallya, shares of the company as also that of various UB Group firms including long-grounded Kingfisher Airlines fell sharply Monday.