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United Breweries Receives Tax Demand Of Over Rs 263.70 Crore
United Breweries Ltd on Friday said it has received a tax demand of over Rs 263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax Department.
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Tribunal Stays Rs 873 Crore Penalty Order On UBL, Other Beer Makers
Passing an interim order, a two-member NCLAT bench has directed parties, including United Breweries Ltd, to deposit 10 per cent of the penalty amount by way of Fixed Deposit Receipt' within three weeks.
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Big Blow To Vijay Mallya, Court Orders Winding Up Of United Breweries Holdings
"This court has come to a conclusion that the respondent company UBHL deserves to be wound up for failure to discharge their duties to pay up their creditors," Justice Vineet Kothari said in his order allowing petitions by banks and aircaft lessors.
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Vijay Mallya Case: Start Process To Recover Rs 9,000 Crore, Says Tribunal To Banks
The tribunal allowed the banks to recover the amount from Mr Mallya, Kingfisher Airlines, United Breweries Holdings Limited (UBHL) and Kingfisher Finvest.
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Will Cut Price To Auction Kingfisher Villa Again, Says PNB Official
The villa was owned by United Breweries Holdings, one of the Vijay Mallya group companies, and mortgaged by the now-grounded Kingfisher Airlines (KFA) to the consortium of banks to secure loans in 2010.
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Yes Bank Invokes Rs 156-Crore United Breweries Shares
United Breweries Ltd (UBL) on Wednesday said Yes Bank has invoked 19 lakh of its shares worth Rs 156 crore which were pledged by McDowell Holdings, a unit of Vijay Mallya-led UB Group.
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Vijay Mallya In 'Full Control' Even After Moving To UK: UB Group
UB group holding firm United Breweries Holdings Ltd has said that Vijay Mallya remains in "full control" even after relocating to the UK, and disclosed his remuneration totalling Rs 1.6 crore.
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UB Holdings Seeks Nod To Buy Rs 150-Crore Goods
Vijay Mallya-promoted UB Holdings Ltd (UBHL) is seeking approval of its shareholders for a transaction of up to Rs 150 crore towards purchase of goods, including beer, from group firm United Breweries Ltd.
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United Breweries Down Over 2% On Vijay Mallya Exit Talks
The shares of United Breweries Ltd, where the UB Group no more has majority stake but remains a co-promoter along with global giant Heineken group, slumped 2.11 per cent to settle at Rs 745.35 on BSE.
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Vijay Mallya's Legal Proceedings In India Now Troubling His US Beer Firm
Legal proceedings in India against beleaguered businessman Vijay Mallya have now come to haunt his US-based brewery firm, which is banking on a $1-million bridge loan promised by his holding firm for survival.
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United Breweries Withholds Dividend Payment To Vijay Mallya
Liquor firm United Breweries Ltd has withheld dividends payable to its beleaguered chairman Vijay Mallya for financial year 2015-16 following directions of the Debt Recovery Tribunal.
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In Bad Times, Vijya Mallya's Luxury Jet Awaits A Buyer
Waiting to be auctioned off by tax authorities for recovery of their dues, the erstwhile 'King of Good Times' Vijay Mallya's private luxury jet is reminiscent of his high-flying days -- interspersed with plush sofas, a cushioned bed, bars, showers and even a bathrobe.
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Fresh Trouble For Mallya Over MCFL Investments In UB Group Firms
In fresh troubles for embattled businessman Vijay Mallya, a forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
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Vijay Mallya's Passport Revoked By External Affairs Ministry
Liquor baron Vijay Mallya's passport has been revoked by the External Affairs Ministry. The 60-year-old businessman had left the country for London early last month while owing nearly a billion dollars to banks.
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UB Group Denies Kingfisher Airlines Loans Funded Offshore Property
Embattled tycoon Vijay Mallya's UB Group has denied allegations that it used Rs 430 crore ($65 million) of bank loans to now-defunct Kingfisher Airlines to buy property overseas.
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United Breweries Receives Tax Demand Of Over Rs 263.70 Crore
United Breweries Ltd on Friday said it has received a tax demand of over Rs 263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax Department.
-
Tribunal Stays Rs 873 Crore Penalty Order On UBL, Other Beer Makers
Passing an interim order, a two-member NCLAT bench has directed parties, including United Breweries Ltd, to deposit 10 per cent of the penalty amount by way of Fixed Deposit Receipt' within three weeks.
-
Big Blow To Vijay Mallya, Court Orders Winding Up Of United Breweries Holdings
"This court has come to a conclusion that the respondent company UBHL deserves to be wound up for failure to discharge their duties to pay up their creditors," Justice Vineet Kothari said in his order allowing petitions by banks and aircaft lessors.
-
Vijay Mallya Case: Start Process To Recover Rs 9,000 Crore, Says Tribunal To Banks
The tribunal allowed the banks to recover the amount from Mr Mallya, Kingfisher Airlines, United Breweries Holdings Limited (UBHL) and Kingfisher Finvest.
-
Will Cut Price To Auction Kingfisher Villa Again, Says PNB Official
The villa was owned by United Breweries Holdings, one of the Vijay Mallya group companies, and mortgaged by the now-grounded Kingfisher Airlines (KFA) to the consortium of banks to secure loans in 2010.
-
Yes Bank Invokes Rs 156-Crore United Breweries Shares
United Breweries Ltd (UBL) on Wednesday said Yes Bank has invoked 19 lakh of its shares worth Rs 156 crore which were pledged by McDowell Holdings, a unit of Vijay Mallya-led UB Group.
-
Vijay Mallya In 'Full Control' Even After Moving To UK: UB Group
UB group holding firm United Breweries Holdings Ltd has said that Vijay Mallya remains in "full control" even after relocating to the UK, and disclosed his remuneration totalling Rs 1.6 crore.
-
UB Holdings Seeks Nod To Buy Rs 150-Crore Goods
Vijay Mallya-promoted UB Holdings Ltd (UBHL) is seeking approval of its shareholders for a transaction of up to Rs 150 crore towards purchase of goods, including beer, from group firm United Breweries Ltd.
-
United Breweries Down Over 2% On Vijay Mallya Exit Talks
The shares of United Breweries Ltd, where the UB Group no more has majority stake but remains a co-promoter along with global giant Heineken group, slumped 2.11 per cent to settle at Rs 745.35 on BSE.
-
Vijay Mallya's Legal Proceedings In India Now Troubling His US Beer Firm
Legal proceedings in India against beleaguered businessman Vijay Mallya have now come to haunt his US-based brewery firm, which is banking on a $1-million bridge loan promised by his holding firm for survival.
-
United Breweries Withholds Dividend Payment To Vijay Mallya
Liquor firm United Breweries Ltd has withheld dividends payable to its beleaguered chairman Vijay Mallya for financial year 2015-16 following directions of the Debt Recovery Tribunal.
-
In Bad Times, Vijya Mallya's Luxury Jet Awaits A Buyer
Waiting to be auctioned off by tax authorities for recovery of their dues, the erstwhile 'King of Good Times' Vijay Mallya's private luxury jet is reminiscent of his high-flying days -- interspersed with plush sofas, a cushioned bed, bars, showers and even a bathrobe.
-
Fresh Trouble For Mallya Over MCFL Investments In UB Group Firms
In fresh troubles for embattled businessman Vijay Mallya, a forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
-
Vijay Mallya's Passport Revoked By External Affairs Ministry
Liquor baron Vijay Mallya's passport has been revoked by the External Affairs Ministry. The 60-year-old businessman had left the country for London early last month while owing nearly a billion dollars to banks.
-
UB Group Denies Kingfisher Airlines Loans Funded Offshore Property
Embattled tycoon Vijay Mallya's UB Group has denied allegations that it used Rs 430 crore ($65 million) of bank loans to now-defunct Kingfisher Airlines to buy property overseas.
