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HDFC Bank opposes SBI's plea to liquidate 6.6 million USL sharesThe special PMLA (Prevention of Money Laundering Act) court did not take up the petition and fixed April 2 for the next date of hearing.- NCLT blocks sale of UB assets after SBI’s pleaUnder section 213 of the Companies Act, 2013, there is a provision for a shareholder or creditor or any other person to apply to the NCLT a...
- Start recovery of Rs 6,203 crore Kingfisher loan from Vijay Mallya: Debt Recovery Tribunal to banksKingfisher, once the country's second-biggest airline and controlled by Vijay Mallya, stopped flying in Oct 2012, leaving creditors, suppli...
- DRT allows bankers' plea on lifting of corporate veil, passes two other ordersBankers had filed the IA seeking lifting of corporate veil to pierce the protection against personal liablity enjoyed by individuals contro...
- DRT to pass orders on interlocutory applications in Vijay Mallya case tomorrowDutch beer major Heineken had filed an application before the Debt Recovery Tribunal, seeking to be impleaded in the case to enjoy Right of...
- SBI seeks DRT certificate to recover debts from Vijay MallyaHe made the plea while making a submission on its original application seeking recovery of debts from Mallya and his companies before DRT P...
- HDFC invokes 35000 USL shares pledged by Kingfisher FinvestIn a communication to BSE, Kingfisher Finvest India said it had pledged certain shares in USL to HDFC to secure loan given to United Brewer...
- Vijay Mallya case: Tribunal to take up 7 IAs for final hearingThe doctrine of Lifting of Corporate Veil means disregarding the corporate personality and looking behind the persons controlling the compa...
- Cornered Vijay Mallya hikes bank settlement offer to Rs 6,868 croreThe fresh offer was being made "in the interest of overall settlement" though the validity of the corporate guarantee of UB Group and his p...
- Sidhartha Mallya steps down as UBHL director"In terms of the provisions of Section 167(b) of the Companies Act, 2013, Mr Sidhartha V Mallya, a Non-Executive, Non-Independent Director ...
- UB Group stocks gain up to 12%, UBHL shinesShares of United Breweries (Holdings) zoomed 12.20 per cent to settle at Rs 20.70 on BSE. During the day, it jumped 15.71 per cent to Rs 21...
- United Spirits minority shareholders reject 9 proposals at EGMShareholders at the November 28 EGM rejected approval to a loan agreement dated July 3, 2013 between United Spirits Ltd (USL) and United Br...
- Mallya's stake in United Spirits Limited declines as Kingfisher Airlines’ lenders invoke sharesUSL said lender IDBI Trusteeship Services invoked 3.14 million pledged shares held by United Breweries Holdings (UBHL) in USL, now a Diageo...
- Lender invokes United Spirits' pledged sharesLiquor firm United Spirits Ltd today said that four lakh shares pledged by one of its promoters Kingfisher Finvest India has been invoked b...
- Two Kingfisher promoters release 5.64 crore pledged sharesGrounded carrier Kingfisher Airlines today said promoters United Breweries Holdings and Kingfisher Finvest India have released about 5.64 c...
- MCFL posts net loss of over Rs 12 crore in June quarterUB group firm Mangalore Chemicals and Fertilisers Ltd (MCFL) today reported a standalone net loss of Rs 12.04 crore for the quarter ended J...
- UB Group raises stake in Mangalore Chemicals by about 1%The UB Group has raised its stake in MCFL, a firm being eyed by rivals Deepak Fertilisers & Petrochemicals Corp and Zuari Fertilisers.
- ICICI files caveats against Vijay Mallya and Kingfisher Airlines group companiesPrivate sector lender ICICI Bank has filed three caveats at the Company Law Board, Mumbai anticipating litigation from Kingfisher Airlines.
- Kingfisher board approves debt recast; interest cost to come downKingfisher Airlines, India’s second-largest private carrier, has received preliminary approval from lenders for a debt recast plan to help ...
- United Spirits promoters pledge 33% stake; stock up 2.5%Liquor manufacturer United Spirits said its promoters have pledged over 3.28 crore shares or 32.82 per cent stake in the company for an und...
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