Vijay Mallya Moves To Supreme Court To Seek Stay Against Confiscation Of Properties

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Vijay Mallya has moved to the Supreme Court to seek a stay against the confiscation of properties and said has said in the petition that no other properties apart from Kingfisher Airlines should be attached

Written By Koushik Narayanan | Mumbai | Updated On:

Vijay Mallya, the fugitive economic offender and Rs 9000-worth scamster moved to the Supreme Court to seek a stay against the confiscation of properties owned by his family and himself. He has said in the petition that no other properties apart from Kingfisher Airlines, facing cases of alleged irregularities, should be attached. The Supreme Court will hear Mallya's plea on Monday, 29 July.    

Pronounced 'offender'

On July 11, the Bombay High Court had refused to grant a stay on proceedings on a decision pronounced by a special Court on confiscation of his properties. The division bench of the court had dismissed an application filed by him last month seeking a stay on the proceedings before the Special Court hearing cases pertaining to the money laundering act. 

On 5 January, a Special Prevention of Money Laundering Act (PMLA) court had declared Mallya as a fugitive economic offender and then began proceedings to confiscate his properties. The liquor baron, currently in the UK, has been charged by the Enforcement Directorate (ED) for defaulting bank loans worth Rs 9000 crores and is also battling extradition.  

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Battling extradition:

Vijay Mallya was permitted to file an appeal against the UK Home Secretary's order to extradite him to India to face trial in alleged fraud and money laundering charges involving Rs 9,000 crore. A two-member bench of Justices George Leggatt and Andrew Popplewell of the Administrative Court division of the Royal Courts of Justice granted him permission to appeal against the order signed off by Home Secretary Sajid Javid.

Meanwhile, Vijay Mallya has continued to make a series of interventions on social media to offer 100 per cent payback to state-owned Indian banks to cover his now-defunct Kingfisher Airlines' debt. He remains on bail on an extradition warrant executed by Scotland Yard in April 2017, involving a bail bond worth 650,000 pounds and other restrictions on his travel.

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