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...
9y ago from F1i.com
Force India ‘delighted' to reach target
Force India are revelling in their best-ever finish in the Constructors'...
9y ago from PlanetF1.com
Celis Jr joins Force India as Development Driver
Mexican teenager Alfonso Celis Jr has been signed by Sahara Force India...
9y ago from TheCheckeredFlag....
Hülkenberg hails fifth for Force India
– Nico Hülkenberg says that Force India securing fifth place in...
9y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Honda confirms Jorge Martin ‘an option’ for 2026...
Honda Team Manager Alberto Puig has reiterated its interest in signing...
2d ago from MotorsportWeek.c...
Liberty Media completes 4.3 billion takeover of...
Two weeks on from receiving unanimous EU approval, Liberty Media...
2d ago from MotorsportWeek.c...
Liberty Media completes its purchase of MotoGP
No description available...
2d ago from Motorsport.com
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
1w ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Alex Palou chooses to view costly Mid-Ohio mistake as...
Alex Palou was not the winner of Sunday’s IndyCar event from Mid-Ohio,...
9h ago from MotorsportWeek.c...
Scott Dixon capitalizes on Alex Palou’s mistake to...
The beginning of a busy stretch for IndyCar got under way on Sunday, with...
10h ago from MotorsportWeek.c...
IndyCar Mid-Ohio – Race Results
IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...
10h ago from MotorsportWeek.c...
Winners and Losers from the IndyCar Mid Ohio 200
No description available...
9h ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg goes Rally1 – Sebastien Ogier enters...
After dominant victories in WRC2 in Rally Sweden, Portugal and most...
2d ago from MotorsportWeek.c...
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
3d ago from Motorsport.com
New WRC 2027 regulations draw interest from tuners and...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
All the best photos of Martin Zubimendi signing for...
Arsenal have completed the high-profile signing of Spanish midfielder...
27m ago from FreshArsenal.com
Viktor Gyokeres is willing to make big sacrifice in...
Viktor Gyokeres is so determined to join Arsenal this summer that he has...
1h ago from CaughtOffside.com
Zubimendi official at last : A striker decision made...
Welcome to a brand new week. Sunday is supposed to be a day of rest, but...
1h ago from Arseblog.com
Report: Arsenal ask for player + £10m to part with...
The transfer window always throws up some questionable things – but...
7h ago from FreshArsenal.com
Comments
Hottest News
F1 News Today: McLaren star FURIOUS as Lando Norris...
Lando Norris was caught in a freak accident... Read More »
1h ago from GPFans.com
British Grand Prix: Teams and Drivers report from...
Lando Norris won the drama-packed British Grand... Read More »
57m ago from GrandPrix247.com
How the F1 paddock reacted to Nico Hulkenberg’s first...
Nico Hulkenberg’s long-awaited first F1 podium... Read More »
37m ago from MotorsportWeek.com
