Vijay Mallya Receives Non-Bailable Warrant In Rs 180 Crore Loan Default Case
New-Delhi: A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a ₹180-crore loan default case linked to Indian Overseas Bank (IOB).
The NBW was issued against Mr. Mallya on June 29 by special CBI court judge S.P. Naik Nimbalkar and a detailed order was made available on July 1.
“The present case is of multiple loans amounting to nearly Rs180 crores given by Indian overseas Bank between 2007-2012 to Vijay Mallya and his company. There are a total of 10 accused in this case including Vijay Mallya and the FIR was registered in this case in August 2016,” the court observed.
“All accused have been issued summons to appear, but for Vijay Mallya, the special CBI court has issued a non-bailable warrant also,” the court said.
He is currently residing in London, Mallya faces extradition requests from the Indian government. The NBW issued pertains to a cheating case registered by the CBI, accusing Mallya of diverting loans obtained by Kingfisher Airlines from IOB between 2007 and 2012.
