The million-dollar question that continues to reverberate even after years of speculations is -- when will fugitive businessman Vijay Mallya be extradited to India? There has always been a buzz around it.
Even as feverish speculations continue to circulate on fugitive businessman Vijay Mallya's extradition, the reality is that the process may take more time. It is safe to say that Mallya's extradition is not happening anytime soon, as also echoed by the UK government.
British High Commission on Thursday hinted at one more hurdle that can be faced by the Indian authorities before fugitive businessman Vijay Mallya's extradition.
The London High Court on Thursday rejected fugitive liquor baron Vijay Mallya's plea seeking to challenge his extradition to India before the UK Supreme Court.
Chief Insolvency and Company Court judge Briggs, in his verdict delivered Thursday, said there is no obvious advantage to the banks to pursue this class action at this point in time.
The CBI claimed investigation of cases filed against Mallya is at a crucial stage in the London High Court and parting information at this stage would impede the probe, hence it should be exempted under Section 8(1)(h) of the RTI Act.
Vijay Mallya, who has been on bail in the UK on an extradition warrant since his arrest in April last year, had been fighting extradition to India on charges of fraud and money laundering allegedly amounting to around Rs 9,000 crores.
London's Westminster Magistrates Court on Monday ordered extradition of embattled liquor tycoon Vijay Mallya to India.
Vijay Mallya is scheduled to return to the Westminster Magistrates' Court in London on Monday when his extradition trial is listed for a judgment hand-down.
The 5-seater Airbus Eurocopter B155 choppers are 10-year-old.
The 61-year-old, wanted in India on charges of fraud and money laundering amounting to around Rs 9,000 crores, was in the dock at Westminster Magistrates' Court for his defence, headed by barrister Clare Montgomery.
The CPS detailed "three chapters of dishonesty" by the former Kingfisher boss -- the first being misrepresentations to various banks to acquire the loans, then how he misused the money and finally his conduct after the banks recalled the loans.
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