As part of the first action initiated against the absconding businessman
Vijay Mallyaunder the newly enacted fugitive economic offenders law –
The Fugitive Economic Offenders Act, 2018, (Act), the Mumbai special court is set to hear the case today.
As per the official sources, it is certain that Mallya may not appear in person as he is contesting an Indian extradition case in London, however, it is expected that his authorised legal representative may submit a reply to the court of
Special PMLA Judge M S Azmi as part of his official response to the notice. Earlier, on June 30, 2018, the court had issued a notice to Mallya to appear before it today, that is, August 27, 2018, after the Enforcement Directorate (
ED) charged the liquor baron under the new Act.
Plans to Bring Vijay Mallya to India by Secret Extradition Proceedings: Center to SC
Executive
Oct 06, 2020
Meghna Mishra
(
Editor: Ekta Joshi
)
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The Supreme Court was informed by the Centre that a “secret” extradition process was in the works to bring runaway businessman and former millionaire Vijay Mallya to India. On Monday, i.e. October 5h, 2020, the Centre also informed the SC that they were unaware of the status of these proceedings and informed the Apex Court that Centre was not a party to these proceedings. A Bench comprising of Hon’ble Justices U Lalit and Ashok Bhushan questioned Mallya’s counsel about the...
'Not Case Where Company Needs to be Wound Up as Assets Exceed Outstanding Liability', SC in Vijay Mallya case
Judiciary
Oct 01, 2020
Rocky Das
(
Editor: Ekta Joshi
)
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Vijay Mallya, the owner of Kingfisher Airlines has been declared a fugitive for several years on the charge of being a defaulter for not paying his loans taken from several banks. The total estimated loan taken by him from IDBI and SBI as well was estimated at 14000cr rupees. With the ongoing investigation, his assets and properties were seized by the ED to date. The bench of Justices U.U. Lalit, Vineet Saran, and Ravindra Bhat of the Hon’ble Supreme Court deferred the challenge of...
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