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Mallya loan default case News
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According to court documents submitted at the UK High Court, the claim brought by 13 Indian banks against the 61- year-old businessman will come up for a hearing in April next year.
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The case against him centres on a series of loans Kingfisher obtained from Indian banks, especially state-owned lender IDBI.
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Vijay Mallya is wanted in India on charges of Rs 9,000 crores fraud.
Mallya watched the proceedings from behind a glass-windowed dock.
He has been out on bail since Scotland Yard executed an extradition warrant in April this year.
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The 61-year-old businessman, who has been in self-imposed exile in the UK since March 2016 when he left India, is wanted in India on charges relating to his defunct Kingfisher Airlines defaulting on loans from various Indian banks amounting to Rs 9,000 crore.
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The Westminster Magistrates' Court in London will be told that it is the duty of the state to ensure security of prisoners and Mallya's apprehension about threat to his life is "misleading".
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With a detailed assessment of security cover given to prisoners in Mumbai's Arthur Road jail and Delhi's Tihar jail, the Indian government will tell the UK court that when extradited, Mallya may be lodged in Arthur Road jail where he will get full security cover as an undertrial prisoner, the official said.
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While 62 fugitives have been extradited to India from a foreign country between 2002 and 2016, 110 fugitives are yet to be extradited though a formal request has been made by India, according to an answer to the Lok Sabha on December 6, 2016, Factly reported.
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Ahead of the next hearing in the fugitive liquor baron Vijay Mallya extradition case on May 17, India said on Thursday that it was in touch with the government in the UK, where an internal legal process is on in the matter.
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The Supreme Court today adjourned liquor baron Vijay Mallya`s loan default case to March 3.
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In what could further tighten Vijay Mallya's position, Diageo has submitted the settlement agreement to debt recovery tribunal (DRT).
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Auction of the KFA headquarters - Kingfisher House -got over on Thursday without getting any bidders at a base price of Rs 150 crore.
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The property, with a built-up area of over 17,000 sq ft in Vile Parle area, is being auctioned by SBICAPS Trustee, a subsidiary of SBI Caps through an e-auction.
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The house, which served as Kingfisher headquarters, would be sold through e-auction.
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After writing to Prime Minister Narendra Modi seeking his intervention in safeguarding their interest, employees of Vijay Mallya`s now defunct Kingfisher Airlines are set to file a case in the Supreme Court in order to get their dues from the company.
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The Debt Recovery Tribunal (DRT) on Monday ruled that Vijay Mallya cannot withdraw from USD 75 million severance package that he will be getting for quitting Diageo-owned United Spirits (USL) as its chairman.
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