News Details
Force India co-owner Mallya cited as 'wilful defaulter'
XPB Images
Force India team co-owner Dr Vijay Mallya is facing mounting business problems at home after being declared a 'wilful defaulter' in a First Information Report issued by the State Bank of India, the largest lender to Mallya's now-defunct airline Kingfisher which has been grounded since October 2012 and whose assets are in the process of being auctioned off. According to The Times of India and the International Business Times, the bank's grievance redressal committee has rejected arguments made by legal representatives for Mallya, the airline and its holding company United Breweries Holdings. The committee ruled that Mallya's lawyers could not satisfactorily present a...
Full Story »
Full Story »
You May Also Be Interested In...
Force India ‘delighted’ to secure P5 in...
XPB Images
Force India deputy team principal Bob Fernley says...
10y ago from F1i.com
Force India ‘delighted' to reach target
Force India are revelling in their best-ever finish in the Constructors'...
10y ago from PlanetF1.com
Celis Jr joins Force India as Development Driver
Mexican teenager Alfonso Celis Jr has been signed by Sahara Force India...
10y ago from TheCheckeredFlag....
Hülkenberg hails fifth for Force India
– Nico Hülkenberg says that Force India securing fifth place in...
10y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Spanish GP: Alex Marquez ends Aprilia’s...
No description available...
1h ago from Motorsport.com
Alex Marquez completes dominant Spanish MotoGP victory
Alex Marquez produced a dominant performance to claim a second successive...
1h ago from MotorsportWeek.c...
Marc Marquez shrugs off controversy over pitlane entry...
No description available...
22h ago from Motorsport.com
Marc Marquez wins chaotic Jerez MotoGP Sprint despite...
Marc Marquez crashed but made the right strategy calls to prevail in the...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar to limit entries to those holding a charter
The NTT IndyCar Series has confirmed that future races will be limited to...
43m ago from MotorsportWeek.c...
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
1d ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
4d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
WRC Canary Islands: Oliver Solberg crashes out of...
No description available...
2h ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
3h ago from MotorsportWeek.c...
WRC Canary Islands: Sebastien Ogier claims first win...
No description available...
33m ago from Motorsport.com
Sebastien Ogier hangs on to Rally Islas Canarias lead...
Sebastien Ogier started Saturday with a relatively handy lead of 8.9...
20h ago from MotorsportWeek.c...
Popular On GunnersToday.com
‘He's struggling in the games' – Neville...
Mikel Arteta might be breathing a massive sigh of relief today, but the...
2h ago from CaughtOffside.com
Declan Rice sets target for Arsenal after win over...
Arsenal midfielder Declan Rice has called for his teammates to work hard...
2h ago from SportsKeeda.com
'This could be a cracking deal for them' - Pundit tips...
Pundit Angelina Kelly has urged Arsenal to sign Manchester United loanee...
3h ago from SportsKeeda.com
Arteta issues Havertz injury update ahead of Premier...
Just as Arsenal fans thought their injury curses were finally lifting, the...
4h ago from CaughtOffside.com
Comments
Hottest News
London Marathon Results: F1 legend Sebastian Vettel breaks...
F1 legend Sebastian Vettel produced a fantastic... Read More »
53m ago from GPFans.com
Toto Wolff reminds Mercedes F1 drivers of 'responsibility'...
Will George Russell and Kimi Antonelli listen to... Read More »
33m ago from RacingNews365.com
Ex-F1 boss backs Gianpiero Lambiase for early McLaren switch
Former Formula 1 team boss Guenther Steiner has... Read More »
53m ago from MotorsportWeek.com
