Mumbai court to hear today plea for non-bailable arrest warrant against Vijay Mallya

Mallya, who is facing the charge of laundering Rs.9,000 crore taken as bank loans for the now-defunct Kingfisher Airlines that he used to head, has refused to appear before the ED on three occasions between in March and April. Mallya left the country for the UK on March 2, the day the consortium of 13 banks that had lent him money moved the Debt Recovery Tribunal.

 

The consortium also later rejected his offer of paying an initial installment of Rs. 4,000 crore and settling the rest of the amount later.

Failing to respond to the ED summons, Mr Mallya had repeatedly sought fresh dates but the agency declined any further relief.

ED  issued fresh summons in the first week of April to  Mallya asking him to appear on April 9 after he sought two extensions from the earlier dates of March 18 and April 2 citing official reasons.

 Mallya has been directed by the Supreme Court to disclose all assets owned by him and his family in India and abroad by April 21.