The ED has been wanting Vijay Mallya to join the probe in the case “in person” and had issued multiple summonses to him but could not get success as the businessman, who is in the Britain, never deposed before it.
We made a request, but now it’s for British authorities to take further action, said MEA.
The judge said the assets of the respondent company cannot be left under the control of UBHL and could be handed over to official liquidator to achieve the winding up process as per the law.
The CBI in its charge-sheet last week accused Mallya’s Kingfisher Airlines of diverting Rs 263 crore from Rs 900 crore IDBI loan for “personal use”.
The investigative agency in its chargesheet had last week accused Mallya’s Kingfisher Airlines of diverting Rs 263 crore from Rs 900 crore IDBI loan for “personal use”.
In its chargesheet, the CBI has listed a total of 59 instances of diversion of the loan amount sanctioned to Vijay Mallya.
“CBI alleges diversion of funds OUT of Kingfisher Air. SEBI alleges diversion of funds from USL INTO Kingfisher Air. What joke is this?,” Mallya tweeted.
On Monday, CBI arrested former chairman of IDBI Bank Yogesh Aggarwal along with four other former officials in connection with the same case.
Vijay Mallya, who is in London since March 2, 2016, owes Kingfisher Airlines’ 17-bank consortium over Rs 6,000 crore.
From Jallikattu protests to Etah bus accident to Vijay Mallya — here are the top stories for the afternoon bulletin on January 19.
Vijay Mallya, moved to Britain in March last year. He owes Rs 6,000 crore in loans and debts acquired by Kingfisher Airlines to a consortium of 17 banks.
All the people who made headlines in Delhi courts in 2016.
Vijay Mallya had left India on March 2, 2016 following the heat from banks to which he owes over Rs 9,000 crore in loans.
This will be the third time that the department is going for e-auction of the plane as it failed both the times in the past.
Sushma Swaraj said the two cases in question remain an issue under discussion between the governments of India and the UK and referred to the Joint Statement issued during the recent visit of British Prime Minister Theresa May to India.