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 “secret” proceedings that would extradite the former business tycoon. However, the counsel for Mallya, Advocate Ankur Saigal, feigned ignorance and said, “I have knowledge that my request against extradition has been rejected” The Bench further questioned Advocate Saigal about Mallya’s whereabouts and asked him to brief the court on the status of the “secret” proceedings and when Mr. Mallya would appear before the court.
The counsel for the Centre, Advocate Rajat Nair, also informed the court that request for extradition was made on the directions and approval of the Court. He further elaborated, “Some secret extradition proceedings are going on to which we are not a party. Extradition proceedings have been upheld by the highest court of UK but it has not been happening as of now”. Earlier, the Top Court while dismissing Mallya’s plea that sought review of the 2017 verdict that held him guilty ordered him to appear before the court on October 5th, 2020. Currently, the former Kingfisher Airlines owner is an accused in a bank loan default case of over INR 9,000 Crore and is situated in the United Kingdom. In June, the SC inquired about the whereabouts of Mallya and requested its registry to provide an explanation as to the lack of listing of Mallya’s review before the court for the last three years. The 2017 order came as a result of a consortium of banks that were led by the State Bank of India. The plea stated that Mallya allegedly transferred USD 40 million that was received from Diageo, a British firm. He transferred these funds to his children, which was a “flagrant violation of various judicial orders” He was also accused of allegedly concealing facts and sending money to his daughters Leanna Mallya and Tanya Mallya and his son Siddharth Mallya. This was in violation of the orders that were passed by the Karnataka High Court. In May, Mallya lost an application that sought leave to appeal for his extradition to India in the UK Supreme Court. “The UK top court's decision marks a big legal setback to the 64-year-old flamboyant businessman, who had earlier lost his high court appeal against an extradition order to India on charges of alleged fraud and money laundering related to unrecovered loans to his now-defunct Kingfisher Airlines.” Mallya has been living in the UK since 2016. He is currently on bail on an extradition warrant that was executed three years ago by Scotland Yard in 2017.
'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
)
4 Shares
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...
Vijay Mallya to be Appear Before the SC on 5th October, SC directs MHA to ensure his Presence
Judiciary
Sep 02, 2020
Bakul
(
Editor: Ekta Joshi
)
8 Shares
Vijay Mallya, who is in the United Kingdom, was accused in a bank loan default case of over Rs. 9,000 crores, involving his now-defunct Kingfisher Airlines. On 9th May 2017, he was held guilty of contempt for transferring $ 40 million to his children in violation of court’s orders in a petition filed by the Consortium of Creditors (COC) led by the State Bank of India (SBI). Vijay Mallya filed a plea seeking a review of the verdict which held him guilty stating that the court had made an...
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