Embattled businessman Vijay Mallya believes Indian banks pursuing bankruptcy proceedings against him in the English courts have assumed an unreal quality in the wake of Union Finance Minister Nirmala Sitharaman's recent statement in Parliament and has instructed his lawyers to pursue an annulment application. It emerged as Justice Anthony Mann reserved judgment, to be handed down at a later date after hearings of three interlinked appeals related to Mallya's bankruptcy order concluded at the High Court in London this week. The judge heard a set of complicated arguments involving a consortium of banks led by the State Bank of India (SBI) seeking repayment of an estimated judgment debt of around GBP 1.05 billion owed by the 69-year-old businessman's now-defunct Kingfisher Airlines. From Dr Mallya's perspective, these English bankruptcy proceedings have an unreal quality, Leigh Crestohl, Managing Partner of Zaiwalla and CoMallya's recently appointed lawyers, told PTI. Evidence has now
Embattled businessman Vijay Mallya's attempt to overturn a bankruptcy order imposed on him by the High Court in England over three years ago has returned for appeal hearings in London this week. During a hearing at the Chancery Division in London on Wednesday, Justice Anthony Mann ruled against an adjournment petition by Mallya who was not present and represented in court by recently appointed Zaiwalla & Co lawyer Kartik Mittal and barrister Mark Watson-Gandy. The judge then went on to hear a set of interlinked appeals related to the 69-year-old businessman, separately wanted in India on fraud and money laundering charges. The appeals this week relate to a consortium of Indian banks led by the State Bank of India (SBI) seeking the repayment of an estimated judgment debt of around GBP 1.05 billion owed by his now-defunct Kingfisher Airlines. I find no good reason to adjourn pending the outcome of Indian proceedings, Justice Mann said, noting that significant appeal time had ...
Vijay Mallya was declared a fugitive under the Fugitive Economic Offenders Act in 2019. The recent non-bailable warrant has been issued for a Rs 180 crore loan default
The lawyer of fugitive businessman Vijay Mallya on Thursday told the Supreme Court that he was not receiving any communication from him and sought to be discharged from the case as a counsel. A bench of Justices D Y Chandrachud and Hima Kohli allowed the discharge of advocate E C Agrawala from the case and asked him to furnish the e-mail ID of the liquor baron along with his present residential address in the United Kingdom to the apex court registry. "Counsel seeking discharge the case because in spite of communication from his end, no instruction is forthcoming," the bench said and asked the lawyer to follow the process of discharge. Agrawala told the top court, "I want to be discharged from this matter as I am not receiving any instructions from my client. I am not able to establish contact with him. He is incommunicado for a long time." The top court discharged the lawyer from the two petitions filed by Mallya against the October 5, 2018 and September 13, 2019 orders of the ...
The UB Group chair is accused in a bank loan default case estimated at over Rs 9,000 crore involving his now-defunct Kingfisher Airlines.
A bench of Justices U.U. Lalit and S. Ravindra Bhat said the court has found Mallya guilty of contempt and punishment has to be imposed
The fugitive Kingfisher tycoon Vijay Mallya is facing the prospect of a humiliating eviction from the luxury Central London home he currently occupies
As 2021 draws to a close, the Narendra Modi governments efforts to extradite Indian businessmen from Britain for alleged fraud against Indian banks are yet to materialise.
Vijay Mallya on Wednesday lost an appeal to gain further access to court-held funds to cover his costs for legal proceedings in India
The UK noted the urgency and desire on the part of India to extradite people accused of corruption
In the last five years, India managed to bring only about 20 fugitive offenders including AgustaWestland deal middleman Christian Michel James
Vijay Mallya, who is due to be extradited to India, has applied for 'another route' to be able to stay in the UK
Mallya is accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines from United Kingdom
Vijay Mallya denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India (SBI)
We strongly underlined our interest in seeing the early, expeditious extradition of Vijay Mallya, also Nirav Modi, said Foreign Secy
The top court after a brief hearing in the matter adjourned the case to the third week of January. Stay tuned for Latest LIVE news
The Centre had on October 5 told the apex court that Mallya cannot be extradited to India until a separate "secret" legal process in the UK, which is "judicial and confidential in nature is resolved"
The UK top court's decision marked a major setback to the 64-year-old businessman as it came weeks after he lost his high court appeal in April against an extradition order to India
The Centre said that it is not aware of the secret ongoing proceedings against Mallya in the United Kingdom, as the government of India is not party to the process
Government tells court that it was not a party to the proceedings against fugitive businessman.