April 18, 2017: Mallya arrested in London by Scotland Yard police
Acting on an extradition request sent by the CBI in connection with the IDBI Bank scam and a service tax case, UK's Scotland Yard arrested Mallya and produced him in a court. It released him on conditional bail on stiff conditions until May 17 when a senior district judge will start the extradition hearing.
March 25, 2017: Extradition request for Mallya certified by UK secy of state
The development is a step forward towards securing the extradition of the fugitive businessman wanted in India for loan default of over Rs 9,000 crore.
January 23, 2017
: CBI charges Vijay Mallya with fraud, criminal conspiracy.
Vijay Mallya is among the 11 people named in CBI’s charge sheet regarding Kingfisher Airlines’s unpaid loans to IDBI Bank. CBI arrested a former chairman of IDBI Bank Ltd, three other bank officials and four Kingfisher Airlines executives in an alleged money laundering case involving Vijay Mallya.
March 2016: Vijay Mallya leaves India despite lookout notice
Vijay Mallya left the country about a week ago despite a lookout notice against him being sent to all airports, CBI sources said.
December 10, 2015: CBI questions Vijay Mallya in loan default case
Vijay Mallya was examined by the Central Bureau of Investigation in connection with its probe into the alleged loan default of Rs. 900 crore taken from IDBI bank.
October 11, 2015: CBI searches Vijay Mallya's residence in Rs 900 crore loan default case
Tightening the noose around liquor baron Vijay Mallya, the Central Bureau of Investigation (CBI) conducted searches in the Mumbai, Bengaluru, Goa offices of Mallya and his now defunct Kingfisher AirlinesBSE 3.03 % in connection with a case concerning loan given to the company by IDBI Bank.
July 9, 2015: Sold! Kingfisher now belongs to Heineken, bought at Rs 872 crore
August 9, 2014: IDBI Bank's Kingfisher Airlines loan under CBI scanner
March 2012: The Income-Tax department started freezing KFA bank accounts as it was unable to pay all the dues as per schedule. KFA was meant to pay Rs one crore per working day. It reportedly missed the deadline set by the board and could not pay the dues until the evening on February 29.
CBI will investigate IDBI Bank’s Rs 950-crore loan to Kingfisher Airlines, despite the airline’s negative net worth and credit rating at the time it was sanctioned.
January 2013: Finally grounded: Kingfisher Airlines loses flying permit
Kingfisher was saddled with a loss of Rs 8,000 crore and a debt burden of another over Rs 7,524 crore.
April 2012: By now, pilots and engineers had struck work at least a dozen times due to nonpayment of salaries on time. Mallya had a series of meetings with his staff only to assure that he will pay salaries on time and the staff should stand by him in times of crisis.
Jan 2012: SBI declared KFA, as NPA (Non-performing asset)
SBI, with an exposure of Rs 1,457.78 crore, is the largest creditor and leads the consortium of banks in the DRP (Debt Recast Package).
December 2011: SBI Caps, which the airline had hired to assess its business and recapitalisation needs, pegged KFA’s working capital requirements at Rs 680 crore. The lenders curtly told the airline to clear all its dues before seeking fresh loan. The arrears estimated by banks till the end of December were Rs 260-280 crore. That time KFA had debts of about Rs 7000 crore.
December 2011: CBEC de-freezes Kingfisher, Air India bank a/cs
December 8, 2011: We are flying, without salary, say Kingfisher pilots to passengers.
December 01, 2011: Pay and fly, Mumbai international airport tells Kingfisher
Mumbai International Airport sent a notice to cash-strapped Kingfisher Airlines to pay the Rs.90-crore outstanding dues.
November 29, 2010: Mallya, well known for his flamboyance, bought the “best house in Cape Town”, South Africa, located at the posh Nettleton Road, for $8.4 million (Rs 38.4 crore). The local estate agents described the mansion, which has hosted movie stars, singers and royalty, as “the best house in Cape Town”.
November 16, 2010: Kingfisher Airlines posts Rs 175 cr operating profit on aviation revival
June 2007: Vijay Mallya's KFA acquires Deccan Airlines
Vijay Mallya back then was turning out to be the latest czar of acquisitions. After gobbling up global spirits giant Whyte & Mackay, Mallya's UB Groupbought a strategic 26 per cent stake in Deccan Aviation that runs the low-cost airline Air Deccan. The deal size, worth Rs. 550 crore at Rs. 155 per share, was expected to strengthen the networth of Deccan Aviation, while the funding will help Deccan meet capital expenditure for further expansion.
June 30, 2005: Becomes the first and only Indian carrier to order the Airbus A380. Orders five A380s (cancelled subsequently), five A350-800s and five A330-200s for over $3 billion.
May 9, 2005: Kingfisher Airlines’ maiden flight takes off. Alex Wilcox, CEO of Kingfisher, said the airline would not adopt the low-cost, no-frills model but chart the middle course.
: Kingfisher Airlines was set up in 2003.