News Details
Trouble mounts for Mallya in India
Vijay Mallya
Force India supremo and entrepreneur Vijay Mallya has run into serious business trouble in his native India.
Amid the decline of his airline Kingfisher, the former billionaire has now been declared a wilful defaulter by the public sector lender the United Bank of India.
India's Telegraph newspaper said it means Mallya will lose his director positions from his companies and be unable to borrow from Indian banks.
An insider explained: 'Any company in which they are directors, those companies would be affected. The idea is to exclude them from the financial sector.' Tweet !function(d,s,id){var...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Force India boss Vijay Mallya trouble in India
Force India boss Vijay Mallya trouble in IndiaPosted On 02 Sep 2014By :...
10y ago from ThisIsF1.com
Ecclestone at loggerheads with German bank
Lawyer Sven Thomas with his client Bernie Ecclestone
Formula 1 supremo...
10y ago from GrandPrix247.com
F1 boss still fighting with German bank
F1 boss still fighting with German bankPosted On 26 Aug 2014By :...
10y ago from ThisIsF1.com
Mallya: Battle for fifth will remain tight
Force India team principal Vijay Mallya believes the battle for fifth...
10y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu shares his ‘biggest dream'...
Following the announcement of Toprak Razgatlioglu's move to MotoGP in...
8h ago from MotorsportWeek.c...
Why Marc Marquez stressed his Ducati is identical to...
No description available...
1d ago from Motorsport.com
The consequences of Toprak Razgatlioglu's arrival in...
No description available...
2d ago from Motorsport.com
Superbike legend Toprak Razgatlioglu signs with Pramac...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin looking to rebound after ‘lowest...
Scott McLaughlin is hopeful that he can quickly bounce back from his...
1d ago from MotorsportWeek.c...
Louis Foster gains new sponsor for rest of IndyCar...
Rahal Letterman Lanigan Racing rookie Louis Foster will sport a new look...
3d ago from MotorsportWeek.c...
AJ Foyt Racing fined $25K, lose championship points...
No description available...
1w ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
13h ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
3d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal make initial approach to sign 25-year-old...
Arsenal have reportedly initiated the first steps to land Lille...
2h ago from SportsKeeda.com
Aston Villa make stance clear on rumoured Arsenal and...
Aston Villa could be in store for a tricky summer because of PSR issues,...
3h ago from CaughtOffside.com
‘It’s not as simple as that' - Jack Wilshere warns...
Former Arsenal midfielder Jack Wilshere reckons the Gunners need more than...
3h ago from SportsKeeda.com
Barcelona gain advantage in race to sign Arsenal and...
Arsenal want to sign a new left winger this summer, but their chances of...
4h ago from CaughtOffside.com
Comments
Hottest News
F1 2025 Canadian Grand Prix – FP1 Results
Max Verstappen clocked the quickest time in the... Read More »
4h ago from MotorsportWeek.com
F1 Results Today: Verstappen misery continues as star...
Max Verstappen endured a miserable FP2 at the... Read More »
1h ago from GPFans.com
LIVE: 2025 F1 Canadian Grand Prix - Free Practice 1
Follow live with all the action from Free... Read More »
6h ago from RacingNews365.com