1. Patiala House Court issues non-bailable warrant against Vijay Mallya for evading repeated summons

Patiala House Court issues non-bailable warrant against Vijay Mallya for evading repeated summons

Earlier in October, Mallya was directed by the Supreme Court to file a detailed affidavit about his entire assets within a month.

By: | Updated: November 4, 2016 12:30 PM
vijay mallya deportation from UK- loan default case The consortium has accused Vijay Mallya of deliberately not making full disclosure of his assets.

After repeated and notices and directions, Delhi’s Patiala House Court on Friday issued a non-bailable warrant against liquor baron Vijay Mallya for evading summons. In August, the court asked Mallya to be present in the court on November 4. It had also asked the Ministry of External Affairs to send a non-bailable warrant to Mallya in London where he is currently staying. Mallya has scant regard for the law of the land and has no intention to return to India, the court said. The court also said Mallya’s claim that he wants to return to India but his passport has been revoked was malafide and abuse of process.

GMR-led Delhi International Airport (DIAL), which operates the capital’s Indira Gandhi International Airport (IGIA), had moved the Patiala House Court after three cheques, each for Rs 7.5 crore, issued by Mallya’s Kingfisher Airlines were not honoured.

Earlier in October, Mallya was directed by the Supreme Court to file a detailed affidavit about his entire assets within a month. The Apex court also added that the next hearing for the case will be held on November 24. This was regarding a plea filed by a consortium of banks led by the State Bank of India(SBI) against Vijay Mallya for the recovery of an amount, that is more than Rs 6,000 crores.

The banks had earlier argued that Mallya had not been completely honest regarding all his assets. Mallya had cited the failure to disclose the severance package he received from Diageo Plc as part of his exit from United Spirits Ltd. Earlier on April 26, the apex court had directed Mallya to discuss his assets to the consortium of the banks. The banks had accused Mallya’s disclosures of being very vague.

The consortium has accused Mallya of deliberately not making full disclosure of his assets. Attorney General Mukul Rohatgi said a disclosure statement of assets submitted by Mallya in April does not contain a “whisper” about the details, forms and locations of his assets. The banks urged that this action of “deliberate” concealment went against the very letter and spirit of the court’s direction to Mallya to disclose all his assets.

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