38.6c New Delhi, India, Wednesday, April 17, 2024
Judiciary

Non-Bailable warrant issued against Vijay Mallya

By LawStreet News Network      21 June, 2018 12:00 AM      0 Comments

A special court in Mumbai on Wednesday (June 20th, 2018) issued a non-bailable warrant against fugitive liquor baron Vijay Mallya for his involvement in a case of money laundering and cheating a consortium of banks.

After the Enforcement Directorate (ED) on Monday (June 18th, 2018) filed a fresh charge sheet, Special Judge MS Azmi issued a non-bailable warrant for Mr. Mallya’s arrest.

The court also issued summons against Mr. Mallya’s firms, Kingfisher Airlines (KFA) and United Breweries Holdings Ltd. (UBHL) and fixed the date of hearing on July 30th, 2018.

Earlier, the Enforcement Directorate filed its first charge sheet against Vijay Mallya in Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case.

The fresh charge sheet was filed under the provisions of the Prevention of Money Laundering Act, 2002 in pursuance of a complaint received from State Bank of India (SBI) on behalf of the association of banks for causing loss of Rs 6,027 crore to them by not keeping repayment commitments of the loans taken during 2005-10.

Mallya is currently facing a trial in the UK Court to rule if he can be extradited to India to face charges in the money laundering case.



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

to-uphold-presumption-of-guilt-under-section-29-pocso-act-foundational-facts-must-be-proved-reiterates-delhi-hc
Trending Judiciary
To uphold presumption of guilt under Section 29 POCSO Act, foundational facts must be proved, reiterates Delhi HC [Read Judgment]

Delhi High Court reiterates that to uphold the presumption of guilt under Section 29 of the POCSO Act, the prosecution must prove the ‘foundational facts’ beyond reasonable doubt.

16 April, 2024 12:54 PM
baba-ramdev-acharya-balkrishna-offer-to-make-public-apology-in-sc-for-misleading-advertisements
Trending Judiciary
Baba Ramdev, Acharya Balkrishna offer to make public apology in SC for misleading advertisements

Baba Ramdev and Acharya Balkrishna offer public apology in SC for misleading ads, court deliberates acceptance.

16 April, 2024 01:57 PM

TOP STORIES

sc-sets-aside-judgment-upholding-arbitral-award-against-dmrc
Trending Business
SC sets aside judgment upholding arbitral award against DMRC [Read Judgment]

Supreme Court overturns arbitral award favoring Reliance Infrastructure subsidiary against DMRC, citing grave miscarriage of justice.

11 April, 2024 11:43 AM
delhi-hc-rejects-third-plea-for-arvind-kejriwals-removal-as-delhi-cm-blasts-petitioner-for-abuse-of-judicial-process
Trending Political NEWS
Delhi HC rejects third plea for Arvind Kejriwal's removal as Delhi CM, blasts petitioner for abuse of judicial process [Read Judgment]

Delhi High Court dismisses the third PIL plea before it seeking Aam Aadmi Party leader Arvind Kejriwal’s removal as Chief Minister of Delhi, imposes Rs. 50,000 cost on petitioner.

11 April, 2024 03:29 PM
use-of-social-media-to-interfere-with-administration-of-justice-needs-serious-consideration-sc
Trending Judiciary
Use of social media to interfere with administration of justice needs serious consideration: SC [Read Judgment]

Supreme Court warns against social media misuse in legal matters, cautions against prejudicial posts interfering with justice.

11 April, 2024 05:44 PM
two-day-conference-on-april-on-technology-and-dialogue-between-sc-and-singapore
Trending Legal Insiders
Two-day conference on April 13-14 on Technology and Dialogue between SC and Singapore

Explore AI's role in law at the India-Singapore Supreme Court conference on technology, enhancing judicial processes and access to justice, April 13-14, 2024.

12 April, 2024 06:16 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email