Vijay Mallya lost an appeal against a bankruptcy order made by London's High Court over a more than 1 billion-pound ($1.28 billion) debt to...

Mallya will have to fork out £375,000 (Rs 3.3 crore) in total in legal costs for the banks in this case.

Denying all previous reports, he stated there is no question of money laundering. The Indian businessman stands accused of defrauding a con...

Mallya added that he has "humbly obeyed every single court order without exception" and "seems as if government is bent on holding me guilt...

Mallya is currently facing arrest over allegations of defaulting bank loans of over Rs 9,400 crore. India is trying to bring Mallya back in...

"Although we are not leader of the consortium, we want him to pay the full amount," PNB MD Usha Ananthasubramanian said.

CPI today demanded apology from BJP for "having had elected" Vijay Mallya to Rajya Sabha and asked if Prime Minister Narendra Modi will rea...

The IIM-A professors are mulling over project 'The Liquor Baron's debt fiasco' as a case study for the business school students.

Resolution of debt and financial disputes take a long time in the country due to lack of a bankruptcy law, Mazumdar-Shaw said.

Vijay Mallya has vowed to settle his dues with regard to Kingfisher Airlines by this fiscal end and the deal will give him cash to settle a...

A consortium of 17 banks, which had collectively lent over Rs 7,000 crore to the crisis-ridden airline, have initiated recovery proceedings.

The firm has advised United Spirits Ltd's (USL) shareholders to vote against the proposal to re-appoint Mallya as director on the board.

In a statement, the Vijay Mallya-owned company said, "KFA and its directors will vigorously challenge the decision of UBI."

Currently, Mallya through various group companies holds 27.78% stake in USL. Of that 18.03% is held by United Breweries Holdings, which is ...

United Spirits, India’s second-largest maker of alcoholic drinks by market value, said it resumed talks with British drinks giant Diageo fo...

Negotiations are underway to structure a deal that would arm Mallya with enough cash to revoke pledges on shares of United Spirits, the fla...

Noting that IndiGo was making profits, he said other airlines have to learn a lesson from that carrier and "take it forward".