Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

When Will You Return and Face the Law? Bombay High Court Asks Vijay Mallya

Mallya was declared as fugitive following a plea filed by the Enforcement Directorate (ED) in the special FEOA court.

PTI

Updated:March 1, 2019, 7:45 PM IST
facebookTwitterskypewhatsapp
When Will You Return and Face the Law? Bombay High Court Asks Vijay Mallya
File photo of Vijay Mallya. (PTI)
Loading...

Mumbai: The Bombay High Court on Friday asked fugitive businessman Vijay Mallya when would he return to India and face the ongoing legal proceedings against him.

A division bench of Justices Indrajit Mahanty and Sarang Kotwal was hearing a petition filed by Mallya against a city court's January 5 order declaring him as 'fugitive' under the newly enacted Fugitive Economic Offenders Act (FEOA).

Mallya's lawyer Amit Desai said declaring him a fugitive and thereby permitting his assets to be confiscated would only harm the interests of his lenders.

Mallya had volunteered to repay the loans of thousands of crores of rupees which he had taken from banks, he said.

Desai called the FEOA Act "draconian".

"Prima facie this (the fugitive tag) is unconstitutional...this allows the Centre to confiscate everything, irrespective of whether a property has been bought from the proceeds of crime or not," the lawyer said.

At this, the judges said, "But this tag will go away as soon as your client comes back and faces the proceedings. The property too will be released....So, when is that happening?" Desai said.

Mallya wants to return, but a British court has prohibited him from leaving the UK without its permission.

The bench pointed out that it was only a protective order as Mallya had challenged his extradition proceedings.

"You can volunteer to return. Have you ever gone to this English court and said you want to return (to India) and face pending proceedings?" the judges asked.

Mallya was declared as fugitive following a plea filed by the Enforcement Directorate (ED) in the special FEOA court.

The next hearing on ED's application before the special court, seeking permission to start confiscation proceedings, is scheduled for March 13. Desai said most of Mallya's properties were already attached by "some agency or another", and the confiscation "will only mean no proceeds from such properties can be used to pay off the lenders and banks".

The bench directed ED lawyer Hiten Venegaonkar to file reply to Mallya's plea by March 8.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results