Wednesday, July 06, 2016

Vijay Mallya Cheque Bounce Case: Hyderabad Court Adjourns Order Till August 4

Hyderabad: A Hyderabad court today adjourned till August 4 its order on quantum of punishment in the two cheque bounce cases filed against beleaguered businessman Vijay Mallya by GMR Hyderabad International Airport Ltd.
Third Special Court Magistrate M Krishna Rao had on April 20 convicted Mr Mallya and others in connection with bouncing of two cheques of Rs. 50 lakhs each under relevant sections of the Negotiable Instruments Act.

The order on the quantum of punishment was adjourned for the fourth time as Mr Mallya was not present in the court which posted the matter to August 4 as the complainant also did not appear before the magistrate.

The matter relates to cheques issued by Kingfisher Airlines Ltd to GMR Hyderabad International Airport Ltd (GHIAL), which operates the Rajiv Gandhi International Airport in Delhi, towards charges for using the facilities at the airport for Kingfisher Airlines flights.

The court had earlier issued non-bailable warrants against Kingfisher Airlines, its chairman Vijay Mallya and A Raghunathan, a senior official of the company on ground of dishonouring the two cheques.
05/07/16 PTI/NDTV
To Read the News in full at Source, Click the Headline