Another blow to Mallya: Govt refuses to re-appoint him Kingfisher CMD

December 1, 2014

New Delhi, Dec 1: In a fresh blow to UB Group chief Vijay Mallya, the government has rejected an application by Kingfisher Airlines to re-appoint him as Managing Director.

mallya

Kingfisher, which had to be grounded in October 2012 due to severe financial crunch, had sought the Corporate Affairs Ministry's approval for Mallya's re-appointment for a period of fiver-year beginning October 16, 2013 "without remuneration".

The company has already faced actions by stock exchanges for non-compliance to listing agreement as it has failed to submit financial results for the past few quarters and to make other mandatory disclosures.

The airline said in a regulatory filing that its application has been rejected for re-appointing Mallya as MD.

No specific reason could be immediately ascertained for the rejection.

The disclosure comes on a day, when another UB Group firm Mangalore Chemicals and Fertilizers announced Mallya's resignation as a director without giving any reason.

Besides, minority shareholders of United Spirits had last week rejected several proposals including those about dealings of the company with Mallya, whose group has sold controlling stake to British liquor giant Diageo.

Mallya is already engaged in legal tussle with several lenders who are trying to recover their loans amounting to thousands of crores of rupees from Kingfisher and some of them have also declared the UB Group chairman as a wilful defaulter.

The Group has sold stakes in some other ventures as well including brewery business and a sports venture.

Kingfisher shares incidentally today rose by about five per cent to Rs 1.34. The company currently commands a market value of about Rs 100 crore, as against a high of over Rs 10,000 crore before troubles began at the airline in late 2012.

Mallya is Chairman and Managing Director of the airline, while it has been without a CEO ever since Sanjay Agarwal left the company early this year.

The airlines is already under regulatory scanner for alleged accounting lapses.

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News Network
December 16,2025

Mangaluru, Dec 16: The Mangaluru City police have significantly escalated their campaign against drug trafficking, arresting 25 individuals and booking 12 cases under the Narcotic Drugs and Psychotropic Substances (NDPS) Act between November 30 and December 13. The crackdown resulted in the seizure of a substantial quantity of illicit substances, including 685.6 grams of MDMA and 1.5 kg of ganja.

The success of this recent drive has been significantly boosted by the city’s innovative, QR code-based anonymous reporting system.

"The anonymous reporting system has received an encouraging response. Several recent arrests were made based on inputs received through this system, helping police tighten the noose around drug peddlers," said the City Police Commissioner.

The latest arrests contribute to a robust year-to-date record, underscoring the police's relentless commitment to combating the drug menace.

Up to December 14 this year, the police have registered a total of 107 cases of drug peddling, leading to the arrest of 219 peddlers. Furthermore, they have booked 562 cases of drug consumption, resulting in the arrest of 671 individuals.

The scale of the seizure for the year reflects the magnitude of the problem being tackled: police have seized 320.6 kg of ganja worth ₹88.7 lakh and 1.4 kg of MDMA valued at ₹1.2 crore. Other significant seizures include hydro-weed ganja worth ₹94.7 lakh and cocaine worth ₹1.9 lakh, among others.

The Commissioner emphasized a policy of rigorous enforcement: "We ensure that peddlers are caught red-handed so that they cannot later dispute the case or claim innocence."

To counter the rising trend of substance abuse among youth, the Mangaluru City police have rolled out uniform guidelines for random drug testing across educational institutions.

As part of the drive, tests were conducted in approximately 100 institutions, screening an estimated 5,500 to 6,000 students in the first phase. 20 students tested positive for drug consumption during the initial screening.

Students who tested positive have been provided counselling and are scheduled for re-testing in the second quarter. The testing will also be expanded to students not covered in the first phase. In a move to ensure strict implementation, police personnel were deployed in mufti in some institutions. Reiterating a zero-tolerance stance, the Commissioner confirmed that random testing will continue, and colleges have also been instructed to conduct drug tests at the time of admission to deter substance abuse from an early stage.

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