Big shock to Vijay Mallya, Appeal Against Extradition To India
Fugitive liquor businessman Vijay Mallya has received a setback from a London court. In the High Court of London, Mallya had appealed against his extradition to India, in which he has lost. The 64-year-old former head of Kingfisher Airlines appealed to the High Court against his extradition to India in February this year, on which the verdict has come today. In London Royal Court, a two-member bench of Lord Justice Stephen Irwin and Justice Elizabeth Ling dismissed Mallya’s appeal.
Meanwhile, sources in the investigating agency were quoted as saying that according to London’s judicial system, Vijay Mallya can appeal against the HC order in SC within 14 days. If he does not appeal within the stipulated period, we will start the extradition process.
Earlier, on 10 April, while granting relief to liquor baron Vijay Mallya, the High Court in London adjourned the hearing on the petition of the SBI-led group of Indian banks seeking to declare a debt-ridden businessman insolvent. Was done so that debt of about 1.145 billion pounds could be recovered from it.
While granting relief to Mallya, Judge Mike Briggs of the High Court’s insolvency branch said that he should be given time until his petitions in the Supreme Court of India and his proposal for settlement before the Karnataka High Court are settled. Judge Briggs of the ‘Chief Insolvency and Company Court’ had said in his judgment that at this time there is no reason to give banks a chance to pursue such action.
Let me tell you that a group of Indian public sector banks under the leadership of State Bank of India have requested to declare Mallya bankrupt so that the outstanding debt of about 1.145 billion pounds can be recovered on him.