VIjay Mallya approaches SC against confiscation of properties

On July 11, the Bombay High Court had refused to grant stay on proceedings before a special court on confiscation of Mallya's properties.

Published On Jul 28, 2019 at 10:00 AM IST

<p>Indian business man Vijay Mallya leaves the high Court for a lunch break as he appeals against extradition to India to face fraud charges at the Royal Courts of Justice in London, Tuesday, July 2, 2019. Mallya, whose business empire once included Kingfisher beer, left India two and a half years ago after defaulting on debts of more than a billion dollars linked to a failing venture, Kingfisher Airlines.Photo/Alastair Grant)</p> — Indian business man Vijay Mallya leaves the high Court for a lunch break as he appeals against extradition to India to face fraud charges at the Royal Courts of Justice in London, Tuesday, July 2, 2019. Mallya, whose business empire once included Kingfisher beer, left India two and a half years ago after defaulting on debts of more than a billion dollars linked to a failing venture, Kingfisher Airlines.Photo/Alastair Grant)

NEW DELHI: Embattled liquor tycoon Vijay Mallya on Saturday approached the Supreme Court seeking a stay on the confiscation of properties owned by him and his relatives. In the petition, Mallya has said that no other properties other than that of Kingfisher Airlines facing cases of alleged irregularities should be attached.

On July 11, the Bombay High Court had refused to grant stay on proceedings before a special court on confiscation of Mallya's properties.

The division bench of the court had dismissed an application filed by Mallya last month, seeking a stay on the proceedings before the special court hearing cases pertaining to the Prevention of Money Laundering Act (PMLA).

On January 5 this year, the special PMLA court here declared Mallya a fugitive economic offender. The court then started proceedings for confiscation of his properties.

Mallya, who is currently in the UK, has been charged by the Enforcement Directorate (ED) of defaulting on bank loans to the tune of Rs 9,000 crore.

He is also facing an extradition trial in UK.

Published On Jul 28, 2019 at 10:00 AM IST

Be the first one to comment.

Comment Now

VIjay Mallya approaches SC against confiscation of properties

COMMENTS

All Comments

Find this Comment Offensive?

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App