Setback to Vijay Mallya, UK High Court asks him to vacate his London home immediately
Newsmen Business Desk -
The Chancery division of the High Court in London has ruled that VijayMallya and his family must leave the house immediately on their own will or will be evicted forcefully by bailiffs, Times of India reported. The lawyer/barrister representing the Bank, Fenner Moeran QC, has said that his client will not delay the repossession process of a house which is worth millions of Pounds. In an application for stay on eviction filed by Rose Capital, High Court of London’s Deputy Master Marsh not only refused to permit it but also precluded the permit to appeal.
Indian banks recover over 7,000 crores from Vijay Mallya by selling his company shares
Newsmen Business Desk -
On June 23, the banks sold 15 per cent of Vijay Mallya's shares in United Breweries to Heineken international and recovered  Rs 5,800 crore. Earlier, the banks had sold Rs 1,357 crore worth of Mallya's shares in United Breweries (UB) and United Spirits Ltd (USL). They are also planning to sell another Rs 800 crore worth of shares by June 25, according to media reports.
Rs 9,371 cr seized assets of Mallya-Choksi-Nirav Modi transferred to banks: ED
The ED in a statement said that Mallya, Nirav Modi and Choksi have defrauded public sector banks by siphoning off the funds through their companies which resulted in total loss of Rs 22,585.83 crore to the banks. The ED has booked the three on the basis of the FIR filed by the Central Bureau of Investigation (CBI).