Showing posts with label Dr Vijay Mallya Gets Bail Three Hours After Arrest. Show all posts
Showing posts with label Dr Vijay Mallya Gets Bail Three Hours After Arrest. Show all posts

Tuesday, 18 April 2017

Dr Vijay Mallya Gets Bail Three Hours After Arrest

Dr Vijay Mallya Gets Bail Three Hours After Arrest 
स्कॉटलैंड यार्ड पुलिस ने Dr विजय माल्या को Westminster में गिरफ्तार किया  

According to television reports,  Liquor baron Dr Vijay Mallya has been Arrested in London by Scotland Yard.  Dr Vijay Mallya will be produced at the UK’s Westminster Magistrates’ Court later on Tuesday. Dr Vijay Mallya  now also faces extradition, “specifically on India’s request. The extradition process from the UK involves a number of steps including a decision by the judge whether to issue a warrant of arrest. In case of a warrant, the person is arrested and brought before the court for preliminary hearing followed by an extradition hearing, before a final decision is taken by the Secretary of State.  
The wanted person has a right to appeal to the higher courts against any decision, all the way up to the Supreme Court.
Mallya is wanted in India for a loan default of over INR  9000 Cr.  Earlier in March, the British Government certified India’s request to extradite Dr Vijay Mallya and sent the request to a district judge for further action.  The Central Bureau of Investigation [ CBI ] will likely make its way to the UK in relation to the case.

Time line of the Dr Vijay Mallya Case
In 2016 a consortium of 16 Banks moved the Debt Recovery Tribunal to hear a July 2013 petition to recover dues of Rs 9,081 crore, including interest, that was loaned to Mallya’s now defunct Kingfisher Airlines.

Dr Mallya left India on 2 March 2016 for London.

Dr Mallya offered to negotiate with the banks for a one-time settlement of dues and sought the Supreme Court’s intervention.

Banks had previously shot down Mallya’s offer of INR 6868 Crore in April 2016 to settle the dues.

A formal extradition request by the MEA in respect to Dr Vijay Mallya was handed over to the British High Commission vide our note verbale dated 8 February 2017.

The UK Home Office, London, vide their note verbale dated 21 February 2017 conveyed that the request has been certified by the Secretary of State and sent to Westminster Magistrates’ Court

Delhi Court Issues a Non-Bailable Warrant Against Dr Vijay Mallya on 12 April 2017.

Setting in motion the process of extradition, the British government certifies India’s request and sends it to a district judge for further action in March 2017.

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