Vijay Mallya has been based in the UK since March 2016 and remains on bail on an extradition warrant executed by Scotland Yard in April 2017.
A UK court rules that Vijay Mallya may be extradited
A magistrate’s court in London decided Monday that the former owner-promoter of the defunct Kingfisher Airlines will be repatriated back to India to face economic offence charges including alleged fraud.
On February 4, the UK Home Office has signed an order approving the extradition of Mallya to India.
In a major boost to India's efforts to bring back Vijay Mallya, who is wanted for loan default worth around Rs 9,000 crore to a consortium of 13 banks led by SBI, a UK court on Monday ordered his extradition.
Vijay Mallya is wanted in India for alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores.
In a ruling in May, a UK High Court judge had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court’s ruling that the consortium of 13 Indian banks were entitled to recover funds...
Mallya had tweeted on Wednesday that he is ready to pay back “100% of the principal amount” he owes to various banks.
Mallya left India in 2016 after banks got together to initiate legal proceedings against him to recover an outstanding amount of more than Rs 9000 crores.
The bank has sought repossession of the property at Cornwall Terrace, overlooking Regent's Park in central London, over the non-payment of a 20.4-million...
Mallya has been declared a proclaimed offender by the court on January 4 for evading its summons in the case.
Sceptics and those close to the absconding businessman hope that he may beat the charges and come out unscathed from what has turned into one of the biggest...
Gandhi's tweet came days after Mallya claimed that he had met Jaitley before leaving the country in March, 2016.
The BJP leader was responding to Rahul Gandhi's demand for a probe into Mallya's claim that he had met Finance Minister Arun Jaitley before leaving India.
Mallya, 62, is fighting numerous lawsuits in the UK and back home over fraud and money-laundering allegations as well as an extradition to India.
Recently, a UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by the...
Mallya said the CBI and ED have filed charge sheets against him "with various untenable and blatantly false allegations acting at the behest of the Government...
Nautilus International said the 95-metre vessel named 'Indian Empress' was "arrested" to recover over $330,000 unpaid wages and other costs on behalf of its...
