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 »
11y 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 :...
11y ago from ThisIsF1.com
Ecclestone at loggerheads with German bank
Lawyer Sven Thomas with his client Bernie Ecclestone
Formula 1 supremo...
11y ago from GrandPrix247.com
F1 boss still fighting with German bank
F1 boss still fighting with German bankPosted On 26 Aug 2014By :...
11y ago from ThisIsF1.com
Mallya: Battle for fifth will remain tight
Force India team principal Vijay Mallya believes the battle for fifth...
11y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
1d ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
2d ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
3d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
1d ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
2d ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
2d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg dominates to claim...
No description available...
3h ago from Motorsport.com
Oliver Solberg crowned the youngest ever Rallye Monte...
Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...
2h ago from MotorsportWeek.c...
WRC Monte Carlo: Drivers, fans and Liam Lawson enjoy...
No description available...
16h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg survives with healthy...
No description available...
21h ago from Motorsport.com
Popular On GunnersToday.com
'Gutted to see him starting again', 'Sets us back' -...
Manchester United fans have expressed their dissatisfaction at the...
52m ago from SportsKeeda.com
Arsenal v Man Utd – live blog
Join us for live blog coverage of our Premier League clash at home to Man...
52m ago from Arseblog.com
'Makes a lot of sense', 'Most hilarious script we will...
Arsenal fans are delighted to see Gabriel Jesus starting against...
32m ago from SportsKeeda.com
Arsenal v Manchester United: Premier League – live
Updates from 4.30pm GMT fixture at Emirates...
1h ago from TheGuardian.com
Comments
Hottest News
Aston Martin set to face key F1 delay ahead of Barcelona...
Aston Martin is understood to be facing a key... Read More »
42m ago from RacingNews365.com
Ferrari announce FIA update over 2026 F1 engine row
A Ferrari F1 chief has revealed there will be an... Read More »
3h ago from GPFans.com
Charles Leclerc switches sports ahead of 2026 F1 season...
There's nothing a millionaire can do that's more... Read More »
1h ago from GPFans.com
