News Details

Trouble for Mallya in India

Force India supremo 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."
Full Story »
7mo ago from GrandPrix.com 0
Share

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 :...
7mo ago from ThisIsF1.com

Trouble mounts for Mallya in India

Vijay Mallya Force India supremo and entrepreneur Vijay Mallya has run...
7mo ago from GrandPrix247.com

Mallya: Battle for fifth will remain tight

Force India team principal Vijay Mallya believes the battle for fifth...
7mo ago from PlanetF1.com

Mallya: Monza should suit our car

Force India team principal Vijay Mallya believes the Monza circuit will...
7mo ago from RichlandF1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Espargaro Retains Practice Lead in Argentina

Aleix Espargaro kept Suzuki at the top of the MotoGP practice timesheets...

Rossi: “The big issue is the tyres”

Movistar Yamaha’s Valentino Rossi completed the first day of practice...
11h ago from MotoGP.com

MotoGP bosses announce massive cash boost for teams

MotoGP will pay for all satellite bikes as part of a huge investment
1h ago from BikeSportNews.com

Espargaro dominates day one in Argentina

Team Suzuki Ecstar’s Aleix Espargaro showed how competitive the new...
1h ago from SuperSport.com

Popular On IndyCarToday.com

IndyCar: Long Beach gallery - Friday

Sights from day 1 IndyCar action at the Toyota Grand Prix of Long Beach....
3h ago from Racer.com

Alesi takes double pole on car racing debut

Giuliano Alesi, the 15-year-old son of former Ferrari Grand Prix star...
13h ago from Motorsport.com

Moran to replace Huertas at Long Beach

Dale Coyne Racing has announced that Carlos Huertas will not be competing...
14h ago from Crash.net

IndyCar: Will Power tops tight battle in FP2 at Long...

Don't miss a thing at the 41st Toyota Grand Prix of Long Beach. Get the...
8h ago from Racer.com

Popular On TotalWRC.com

Rally Argentina: Event timetable

Complete event timetable for Rally Argentina, the fourth round out of 13...
19h ago from Crash.net

Lappi heads Skoda WRC 2 challenge

European champion Esapekka Lappi will step up to head the Czech...
21h ago from WRC.com

Hyundai brings paddles to Argentina

And they'll get to use them a lot, in those water splashes. Now, after...
23h ago from WorldRallyBlog.c...

Bryan Herta Autosport expands into GRC

Former IndyCar driver will field two teams with Sandell and Dyne as...
1d ago from Motorsport.com

Popular On GunnersToday.com

Mikel Arteta: I'm desperate to stay at Arsenal and...

GIMME FIVE: Arteta says it will take minutes to sort out his new contract...
3h ago from DailyStar.co.uk

Alexandre Lacazette & nine of Europe's finest we wish...

Arsenal, Manchester United, Liverpool, and Newcastle look set to give up...
3h ago from CaughtOffside.com

Ramsey: 'Last year's FA Cup trophy win has eased the...

Arsenal midfielder Aaron Ramsey has admitted that the club's triumph in...
3h ago from SportsMole.co.uk

Arsenal told the three signings that could bring...

Arsenal could make just three big signings to help them to Premier League...
57m ago from CaughtOffside.com

Comments

comments powered by Disqus

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.