Mallya: GK, General Studies and Current Affairs

Banks recover Rs.1000 crore from sale of Mallya’s shares

March 28, 2019

The Enforcement Directorate has said that consortium of banks which is led by the State Bank of India, have recovered over one thousand crore rupees from the sale of shares of fugitive offender Vijay Mallya. The amount was recovered by Bangalore based Debt Recovery Tribunal by the sale of over 74 lakh shares held by Mallya ..

Delhi Court orders attachment of Vijay Mallya’s properties

March 23, 2019

Delhi court has issued an order of the attachment of fugitive Vijay Mallya’s properties in Bengaluru in a case relating to FERA, Foreign Exchange Management Act violations by 10th July, next date of hearing. The court has declared Mallya a proclaimed offender for evading summons in a violation case after noting that he had ..