United Kingdom court declared Indian businessman Vijay Mallya bankrupt. This will pave the way for a consortium of State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by Vijay Mallya’s now-defunct Kingfisher Airlines by seizing his Indian assets.
Tag: Supreme Court
Chief Justices of India, Singapore feature in virtual mediation summit
The inaugural India – Singapore Mediation Summit (ISMS2021) featured the Chief Justice of India and the Chief Justice of Singapore, among other luminaries, who took the stage to share their views on mediation.
India challenges Vodafone arbitration verdict in Singapore High Court
India has challenged an international arbitration tribunal’s verdict that overturned its demand for SGD 4.03 billion (INR 22,100 crore) in back taxes from Vodafone Group Plc in the Singapore High Court, the Indian Parliament was informed.
Vijay Mallya can’t be extradited until UK legal matter resolved, Indian Supreme Court told
Vijay Mallya is wanted back in India under charges of financial fraud. He defaulted on repayment of loans taken by the now-defunct Kingfisher Airlines from several Indian banks.
UK says it is trying to resolve Vijay Mallya’s extradition issue
The United Kingdom yesterday said it was trying to resolve Vijay Mallya’s “confidential” legal matter as early as possible so that India’s request for his extradition can be acted upon.
US court asks ISRO’s commercial arm to pay USD 1.2 bn to Bengaluru startup
A United States court has asked Antrix Corporation, the commercial arm of the Indian Space Research Organisation (ISRO), to pay compensation of USD 1.2 billion to a Bengaluru-based startup Devas Multimedia for cancelling a satellite deal in 2005.
Kamala Harris, Nancy Pelosi condemn Senate confirmation of Amy Coney Barrett as US Supreme Court Justice
Democratic candidate for the post of US Vice President Kamala Harris condemned the confirmation of Amy Coney Barrett as a Supreme Court Justice, stating it was an “illegitimate process”.
INR 3,600 crore recovered from Mallya so far, SBI-led banks’ consortium tells Supreme Court of India
The State Bank of India (SBI)-led consortium of banks has told the Supreme Court of India that around INR 3,600 crore had been recovered from fugitive businessman Vijay Mallya so far.
Harris attacks Trump, Republicans in opening statement during Barrett nomination hearings
Democrat Vice-Presidential nominee Senator Kamala Harris called on the Senate to hold off on confirming Amy Coney Barrett to the US Supreme Court “until after Americans decide who they want in the White House”.
Kamala Harris among senators to watch US Supreme Court nominee Amy Coney Barrett hearings
Indian-origin United States Senator Kamala Harris, Joe Biden’s running mate in the presidential election, will again be in the spotlight as Democrats question a Trump nominee for the Supreme Court.
