Mumbai Special Court issues non-bailable warrant against Vijay Mallya

Quick Summary:

Vijay Mallya was declared a fugitive under the Fugitive Economic Offenders Act in 2019.

Given Mallya’s repeated absence, the court deemed it appropriate to issue an open-ended non-bailable warrant to ensure his attendance in court proceedings.

The CBI court issued summons against Mallya and five other individuals involved in the case after considering the chargesheet details.

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Category: BusinessFinance

Markets: IndiaUnited Kingdom

Topics: Wrongful loss to Indian Overseas Bank Mumbai special court Loan default case Cheating case London residence Enforcement Directorate Sanjay Bhandari Extradition of Vijay Mallya 17 Indian banks Nirav Modi Indian government extradition request CBI chargesheet Restructuring agreement Kingfisher Airlines Consortium of 18 banks Fugitive Economic Offenders Act 2018 Rajya Sabha member Non-bailable warrant against Vijay Mallya Indian Overseas Bank Loan diversion allegations News agency ANI National Investigation Agency Kingfisher Airlines loan default Special CBI court Judge SP Naik Nimbalkar Financial losses CBI investigation Money laundering charges Rs 9 000 crore loan default

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 17:42:05 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21460499

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