On Monday a British court granted a bankruptcy order against fugitive Indian business tycoon Vijay Mallya.
'We have got positive signals from the UK govt,' a senior official tells Outlook.
‘We have been given to understand that there is a process in place and that the British side is working on his (Mallya) extradition based on that process,’ Foreign Secretary Harsh Vardhan Shringla said
The total assets attached by the ED are worth Rs 18,170.02 crore.
According to an official of lead bank SBI, symbolic possession of properties mentioned in the order would be taken by lenders after following due legal process.
The fugitive Indian businessman had lost his appeals in the British Supreme Court in May last year against his extradition to India.
Nirav Modi was arrested on an extradition warrant on March 19, 2019, and has appeared via videolink from Wandsworth Prison for a series of court hearings in the extradition case.
It is likely that the reference is to an asylum route which, according to legal experts, would depend upon whether Mallya applied for asylum prior to the extradition request or after.
On November 2, last year, the top court had asked the Centre to file a status report in six weeks on the confidential legal proceedings pending in the UK on extradition of Mallya to India.
Acting on a petition filed by a Pune based RTI activist, the Central Information Commission has asked CBI to cite rules under which it issued LOC to Vijay Mallya
Property seized under the anti-money laundering law.
Extradition of economic offenders was one of the key issues discussed in the Foreign Secretary's recent visit to the UK.
UK court accepts evidence by Indian authorities as "broadly admissible", next hearing on January 7 and 8.
Bench refuses to accept the plea of Mallya advocate seeking discharge from the case.
The spokesperson of Sahara Group said the series has wrongly mentioned that Sahara is in the business of chit fund.
The centre had informed the Supreme Court that it was unaware of the ongoing legal proceedings taking place against Mallya in the UK as the Indian government is not party to the process.
A spokesperson in the UK High Commission said the issue is 'confidential' and added: 'we cannot estimate how long this issue will take to resolve.'
The 64-year-old businessman had 14 days to file this application to seek permission to move the higher court on the High Court judgment from April 20
In this file image, Punjab Cabinet Minister of Tourism and Cultural Affairs Charanjit Singh Channi addresses the foundation stone laying ceremony of a memorial for those killed in Jallianwala Bagh massacre, at Anand...PTI Photo
Congress supporters outside Governor's residence after Charanjit Singh Channi, was announced as the next CM of Punjab, in Chandigarh.PTI Photo
Former union minister and sitting MP Babul Supriyo during interaction with media, in the presence of TMC Rajyasabha MP Derek O'Brien (R) and TMC leader Saugata Roy (L) at a city hotel in Kolkata.PTI Photo/Swapan Mahapatra
UP Chief Minister Yogi Adityanath being garlanded on his visit to Dr. Ram Manohar Lohia Avadh University in Ayodhya.11
The Indian Coast Guard (ICG) team at Mandapam have seized two tonnes of banned sea cucumber.PTI Photo
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