Request to extradite Mallya certified by UKs secy of state
The Dollar Business Bureau The United Kingdom (UK) has informed India that the request for extraditing liquor baron Vijay Mallya, declared as a proclaimed offender in a loan default case, has been approved by the UK’s secretary of state. “The UK Home Department on February 21 conveyed that the request of India for extradition of Mallya has been certified by the secretary of state and sent to the Westminster Magistrates' Court for a district judge to consider the issue of releasing of warrant," said Gopal Baglay, Spokesperson, Ministry of External Affairs. This latest development is a major step ahead towards extraditing the fugitive industrialist, who is wanted in India in a loan default case of more than Rs.9,000 crore. Baglay also pointed out that a ...
No bidders for Mallyas Kingfisher, trademarks
Source: PTI Auction of brands and trademarks of Kingfisher Airlines turned out to be a damp squib today as lenders failed to attract a single bidder for sale of these pledged assets at a reserve price of Rs 366.70 crore in their efforts to recover unpaid loans from beleaguered Vijay Mallya. This is the second failed attempt by the 17—bank consortium led by state—run behemoth SBI to recover some money from Mallya, after an earlier auction of Kingfisher House — the erstwhile headquarters of the long-defunct airline — met with a similar fate, with no bidder coming forward. The items on sale during today’s e—auction included the the Kingfisher logo as also the once-famous tagline ‘Fly the Good Times’ The other trademarks on ...
How the IndiGo IPO leads us to the question of right foreign investments in the aviation industry
Steven Philip Warner | The Dollar Business For those hopefully expecting an Indigo Airlines IPO in the last few days of this month, here’s an insider leak – the IPO won’t be out until late-July. Last fourteen days of July 2015 is when the window has been decided. The IndiGo management for now isn’t sure of the date either. Whatever the uncertainties over India’s largest carrier going public, one thing’s for sure – the market definitely expects IndiGo to get this one right too! We’re not just talking of the euphoria over a ‘healthy airline’ (much of an oxymoron these days in India) being listed. Speculations are rife about what IndiGo will do to get engaged with foreign investors – be ...
