Vijay Mallya extradition case: SC to listen to liquor baron’s plea difficult confiscation of properties on 2 August


New Delhi: The Supreme Court on Monday agreed to listen to on Friday the plea of fugitive financial offender Vijay Mallya difficult the confiscation of properties belonging to the businesses owned by him and his members of the family.

A bench headed by Chief Justice Ranjan Gogoi took observe of the submission of F S Nariman, showing for Mallya, that the contemporary plea be heard together with the pending one on the legality of the regulation and the motion to confiscate the properties.

The senior lawyer sought adjournment of listening to on the petition questioning the confiscation of properties.

The bench has now posted the matter for listening to on 2 August.

File picture of Vijay Mallya. PTI

Mallya, who’s at present within the UK, has been charged by the Enforcement Directorate (ED) of defaulting on financial institution loans to the tune of Rs 9,000 crore. He can also be dealing with an extradition trial within the UK.

On Saturday, Mallya moved the Supreme Court looking for a stay on the confiscation of properties owned by him and his kin.

In his plea, Mallya has stated that he wished attachment of solely these properties associated to Kingfisher Airlines dealing with circumstances of alleged irregularities.

On July 18, Mallya’s enchantment within the UK High Court in opposition to his extradition order had been listed for a three-day listening to from 11 February subsequent yr, the UK courtroom stated.

The 63-year-old former Kingfisher Airlines boss had received a reprieve earlier in July when a two-judge panel on the Royal Courts of Justice in London granted him permission to enchantment in opposition to the extradition order of a decrease courtroom to face fraud and cash laundering fees amounting to an alleged Rs 9,000 crores in India.

In April this yr, Mallya had did not persuade a UK High Court to dismiss an order associated to cash in one among his London financial institution accounts, dealing a blow to the embattled liquor tycoon’s efforts to forestall a consortium of Indian banks gaining access to almost 260,000 kilos.

In one of many many authorized circumstances being confronted by the 63-year-old liquor tycoon within the UK, Master David Cook dominated that an interim debt order in favour of State Bank of India (SBI) and different banks looking for entry to funds within the ICICI UK checking account “should remain in force” however that the applying to make it ultimate must be adjourned till after the listening to of Mallya’s pending chapter petition.

With PTI inputs

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