Vijay Mallya founded Kingfisher Airlines in 2005; it was grounded in 2012. He left India in March 2016. The UK ordered his extradition in 2018, but a confident…
Vittal Mallya died on 13 October 1983. His son, 27, became chairman of the United Breweries Group.
Mallya was elected to the Rajya Sabha from Karnataka in 2002 and again in 2010. He resigned in May 2016.
A premium airline with new Airbus jets, named after the group's beer brand.
UB bought 26% of Air Deccan for about Rs 550 crore. Force India and RCB followed in 2008.
From beer baron to airline owner.
IDBI Bank lent Rs 900 crore as losses deepened. The CBI later alleged it was cleared despite weak finances.
After a lockout and strike, the DGCA suspended the flying permit on 20 October 2012. It lapsed on 31 December.
An SBI-led consortium of 17 banks sued at the debt tribunal. Wilful defaulter tags followed from 2014.
He flew to the UK on 2 March 2016. When banks went to the Supreme Court a week later, he had gone.
Losses, unpaid salaries and a grounded airline.
The tribunal let banks recover Rs 6,203 crore principal, plus 11.5% interest from July 2013.
Arrested on India's extradition warrant, then bailed the same day on GBP 650,000.
Judge Emma Arbuthnot found a case to answer. Home Secretary Sajid Javid signed the order in February 2019.
A special court made him India's first Fugitive Economic Offender under the 2018 Act.
The UK High Court rejected his appeal on 20 April and refused a Supreme Court route on 14 May.
Won in court, still not carried out.
A High Court judge made him bankrupt on a petition by 13 Indian banks over a debt of more than GBP 1 billion.
The Supreme Court sentenced him in absence and ordered US$40 million returned with interest.
The government said assets worth Rs 14,131.6 crore had gone back to banks.
The figures measure different things.
A tribunal order released money for former Kingfisher employees, ahead of the banks.
The court gave him a last chance to say if he will return to fight his fugitive tag.
The ED said banks recovering money does not end the money-laundering case.
CBI, ED, FEO, extradition, bankruptcy and contempt are separate tracks.
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