Friday, October 13, 2017

Cheque bouncing case: Airports Authority of India moves Mumbai court against Vijay Mallya

The Airports Authority of India (AAI) has moved a Mumbai court seeking a proclamation against Vijay Mallya, chairman of UB Group, in connection with two cases of cheque bouncing of over Rs 100 crore.
AAI’s lawyer Anil Kathuria and Neeraj Aarora in a statement said the application was filed against Mallya’s Kingfisher Airlines Ltd and others under Section 138 of The Negotiable Instruments Act.
Earlier, the court had directed Mallya to appear before it on July 16, 2016, in connection with the cheque bouncing case. Subsequently. the court issued a non-bailable warrants (NBW) against Mallya for failing to appearing in
According to the AAI statement, the NBWs issued were not executed on account of remark “received back unexecuted as the accused is not residing at the address mentioned in the warrant and it was further reported to have fled to United Kingdom”. Mallya, according to AAI, owes over Rs 250 crore to the authority.
Mallya has already been declared as a proclaimed offender by a Prevention of Money Laundering Act, (PMLA) Court. Kingfisher owes over Rs 9,000 crore to at least 17 lenders including SBI, IDBI Bank, Punjab National Bank, Bank of India, Bank of Baroda and United Bank of India.
13/10/17 Indian Express
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