Vijay Mallya case: Court reserves order on ED plea seeking non-bailable warranthttps://indianexpress.com/article/business/companies/vijay-mallya-loan-fraud-case-enforcement-directorate-order-non-bailable-warrant-reserved-latest-news-2756522/

Vijay Mallya case: Court reserves order on ED plea seeking non-bailable warrant

A non-bailable warrant was issued against Mallya after he refused to return to India to appear before the ED on three different occasions.

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Vijay Mallya. (Source: Reuters)

A special PMLA court in Mumbai on Saturday reserved its order on Enforcement Directorate’s plea for non-bailable warrant against businessman Vijay Mallya for April 18.

A non-bailable warrant was issued against Mallya after he refused to return to India to appear before the ED on three different occasions on investigations related to a money laundering case against him. This after Mallya failed to appear before the probe agency on April 9, despite being summoned three times by the ED.

Watch Video: What Does Issuing Of Non-Bailable Warrant Against Vijay Mallya Mean?

The agency had issued fresh summons to Mallya after he sought two extensions from the earlier dates of March 18 and April 2 citing official reasons.

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Kingfisher Airlines has defaulted on bank loans of over Rs 7000 crore. Kingfisher owes over Rs 9000 crore to 17 banks in the country.  Mallya and his firm have come under the scanner of multiple investigating agencies in the country such as the CBI, SFIO and the service tax department for alleged violations of norms.