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On observing certain irregularities and fraudulent activities, Sebi passed an interim order against the company and its promoters in December 2011 and passed a final order in December 2013.

Loan default: Listed companies get a breather from Sebi

Sebi had asked listed entities to inform exchanges in case it defaulted on payment of interest.

30 Sep 2017 6:18 AM GMT

The scrip of IL&FS Engineering and Construction Company touched its upper circuit limit of Rs 25.32, up 10 per cent.

Saudi-based ICD halts plan for USD 1 billion fund with IL&FS

The ICD is a multilateral development institution that supports the economic development of its 53 member countries.

15 Oct 2018 8:39 AM GMT

The CBI filed its charge sheet in the case in 2016. (Photo: PTI)

CBI files chargesheet against former Canara Bank official over loan...

The accused allegedly cheated the Canara Bank to the tune of approximately Rs 68.38 crore.

19 March 2018 2:50 PM GMT

The government is preparing an action plan to recover revenues from high networth defaulters like Nirav Modi and Vijay Mallya who escaped the law and slipped out of the country.

ED attaches 4.13 crore shares of United Breweries Ltd promoter firms

United Breweries was once headed by fugitive liquor baron Vijay Mallya.

8 May 2018 2:28 PM GMT

Vijay Mallya leaves Westminster Magistrates Court in London after getting bail. (Photo: AP)

India asks UK to ensure early extradition of Vijay Mallya

Mallya, whose now-defunct Kingfisher Airlines allegedly owes more than Rs 9,000 crore to various banks, had fled India...

4 May 2017 8:47 AM GMT

Business tycoon Vijay Mallya

Extradition request for Vijay Mallya certified by UK Secy of state

The development is a step forward towards securing the extradition of Mallya wanted in India for loan default of over Rs...

24 March 2017 12:35 PM GMT

Business tycoon Vijay Mallya

Banks urge SC to force Mallya to deposit $40 mn

A group of 17 public sector banks has alleged Mallya illegaly transfered Diageo deal money outside country.

3 March 2017 11:46 AM GMT

Mallya was arrested by Scotland Yard last month on fraud allegations, triggering an official extradition process in the British courts. (Photo: PTI)

USL to start selling properties previously owned by Mallya

USL parent Diageo had given Mallya a $75-million severance package as part of parting deal.

31 May 2017 3:46 AM GMT

Guilty without fair trial in eyes of Centre, says Vijay Mallya

The court had on Thursday reserved orders on two pleas of banks seeking contempt action against Mallya.

11 March 2017 12:52 AM GMT

Industrialist Vijay Mallya leaves Westminster Magistrates Court in London after getting bail on Tuesday. He was arrested earlier on Tuesday by Scotland Yard on an extradition warrant. (Photo: PTI)

Vijay Mallya gets bail hours after arrest in UK

The CBI had chargesheeted Mr Mallya in January this year for allegedly defaulting in a bank loan case.

18 April 2017 7:38 PM GMT

Industrialist Vijay Mallya leaves Westminster Magistrates Court in London after getting bail on Tuesday. (Photo: AP/PTI)

Mallya gets bail hours after arrest in UK; Indian govt preps for...

The Central Bureau of Investigation (CBI) and the Indian High Commission will start the process of Mallya's extradition.

18 April 2017 3:00 PM GMT