Ace defaulter Vijaya Mallya flown out of India

March 09, 2016 11:56
Ace defaulter Vijaya Mallya flown out of India

The Supreme Court bench of Justice Kurian Joseph and Justice Rohinton Fali Nariman issued notice on today to the ace defaulter Vijaya Mallya, as Attorney General Mukul Rohatgi told the court that Mallya left the country soon after they moved applications on March 2 before Bengaluru based Debt Recovery Tribunal to restrain Diageo from paying him $75 million.

The notice will be issued to him personally, through his company, through his lawyers who appeared for him in the Karnataka High Court and in DRT and through the Indian High Commission in London. The notice will also be served on him on his official Rajya Sabha email ID.

Rohatgi said that the secured assets which Mallya has pledged are not even 1/15th of more than Rs.9,000 crore which he had taken for his now defunct Kingfisher Airlines. The court asked, how the banks could advance such a huge loan without matching securities.

By Premji

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