United Spirits, Kingfisher Airlines face axe for listing violations

Last Updated: Sunday, August 23, 2015, 18:14

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.

Kingfisher Airlines' company secretary leaves

Last Updated: Tuesday, August 4, 2015, 22:53

Grounded Kingfisher Airlines Tuesday said Bharath Raghavan has ceased to be its company secretary and compliance officer from July 31.

Kingfisher Airlines caused Rs 290 crore loss to AAI, says CAG

Last Updated: Thursday, July 30, 2015, 21:20

Bogged down by mounting debt and operational issues, the Vijay Mallya-owned KFA was grounded in 2012 after aviation regulator DGCA cancelled its licence.

UBI ''serious'' to recover money from Kingfisher Airlines

Last Updated: Tuesday, June 23, 2015, 19:11

In the recent AGM of the Kolkata headquartered bank, managing director and CEO P. Srinivas said: "We are fighting a legal battle against them (Kingfisher Airlines) beyond the consortium and we have already declared their corporate guarantor as willful defaulter."

UTI-IAS acquires Mallya' 3.97% UBL voting rights after default

Last Updated: Wednesday, June 10, 2015, 17:03

Post this development, Mallya's voting rights in the company remain just 0.06 per cent.

Kingfisher Airlines loan recovery not possible in near-term: United Bank to BSE

Last Updated: Monday, May 25, 2015, 22:47

State-run lender United Bank of India Monday informed the BSE that it does not expect to recover Rs 400 crore it had lent to the grounded Kingfisher Airlines in the short-run but hoped the recovery could be possible in the long-run.

BSE seeks clarification from United Bank over Kingfisher Airlines loan

Last Updated: Monday, May 25, 2015, 21:05

State-run United Bank of India Monday said the BSE has sought clarifications from it on reports that it does not expect to recover Rs 400 crore loan to the grounded carrier Kingfisher Airlines.

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.

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.

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".

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.