The court said, Vijay Mallya has scant regard for the law of the land and has no intention to come to India. For allegedly evading summons in a FERA violation case, On Friday A Delhi court issued a non-bailable warrant against founder-owner of kingfisher Airlines and liquor baron Vijay Mallya. “He needs to come back to India however his passport has been revoked was malafide and abuse of process,” the court also said Mallya’s claim that.
The ED counsel also opposed Mallya’s plea seeking exemption from personal look on the ground of lack of passport. “Mallya will be given travel documents, even if he has no passport,” showing for the ED, Advocate N K Matta, also told the court that under the provisions of law. The Supreme Court had earlier asked the liquor baron to look before it in a case of allegedly evading summons in the FERA violation matter.
A bench of Justices Rohinton F Nariman and Kurian Joseph asked him to furnish complete details of his assets abroad in four weeks, Expressing displeasure at Vijay Mallya not coming back clean on disclosure of all his assets as well as the money that he reportedly received from Diageo. The Supreme Court had also last week directed Mallya to abduce details of $40 million, that he had allegedly received from British firm Diageo in February.
On August twenty three, the ED registered a fresh case against Mallya and kingfisher for loan default of Rs 6,027 cr. The ED has attached Mallya’s properties value over Rs 8,000 crore under PMLA after the agency expanded its probe into the case. Currently, kingfisher owes over Rs 9,000 crore to seventeen banks including the Punjab and Sind Bank, Federal Bank , Indian Overseas Bank, Corporation Bank, UCO Bank, central bank, United Bank of India, Bank of Baroda, BoI, SBI, PNB, IDBI Bank, Axis Bank among others.
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