Vijay Mallya has to pay a whopping 9,000 crore of loan taken from a consortium of 17 banks
61-year-old liquor baron has been living in self-imposed exile in Britain since last year
Move follows poor track record of India in extraditing offenders from Britain
61-year-old liquor baron, who has been living in self-imposed exile in Britain since last year
It is likely that the govt would cite both developments as its success in taking to task Big Money
After the bail, Mallya tried to play it down, calling it 'usual Indian media hype'
Vijay Mallya - The poster boy of India's bank default problem
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given
A few weeks before, UK set in motion the process of extradition of the industrialist
India had applied to extradite Mallya to face trial after he was charged with conspiracy and fraud
Last month the British government certified India's request for extradition
The court has put up the matter for next hearing on November 8
Regulator gave 21 days for USL to provide information on steps taken by the company to recover funds
India, on February 8 handed over a formal extradition request to British govt to bring back Mallya
MEA said UK Home office had forwarded extradition plea to court to secure warrant against Mallya
In the last five-year, only Samirbhai Vinubhai Patel, has been extradited from the UK
Banks had reported Rs 8,191 crore as loan outstanding against Mallya as on December 31, 2016
The court also issued an NBW against Sanjay Agarwal, erstwhile CEO of Kingfisher Airlines
Loan of Rs 8,040 cr was declared non-performing assets in 2009 and it was restructured in 2010
Banks had previously shot down Mallya's offer of Rs 6,868 crore in April 2016