On 14th May 2020, Vijay Mallya lost his application to appeal to extradition in the UK Supreme Court.
On 20th April 2020, Mallya filed an application to Appeal in the London High Court. The appeal was against an order for extradition on charges of fraud and money laundering. The charges were against the unrecovered debts to Kingfisher Airlines. After the judgment, he had 14 days to file this application to seek permission to move the Higher Court.
The UK Crown Prosecution Services (CPS) said that they rejected his appeal on all three counts. The grounds were oral submissions, the grant of a certificate on the drafted question, and permission for an appeal to SC.
As this was the last resort, Mallya has exhausted all his legal options. The UK Home Secretary Priti Patel will take a final call.
Last week, the Indian Government submitted its response to the appeal application. A few hours ago, he proposed to repay 100% of his loan dues and requested the Government to close the case against him. Recently, congratulating the Indian Govt. over the Rs. 20 l crore economic package, he complained that it ignored his repeated offers to repay his dues.
The leave to appeal to the Supreme Court is of general public importance. According to experts, the leave to appeal to the Supreme Court is a very tough approach that is rarely met.
About Vijay Mallya
Vijay Mallya is a 64-year-old businessman who owes 17 Indian banks an estimated Rs. 9,000 Crores, and stands accused of fraud and money laundering in the country. Mallya is the former chairman of United Spirits, United Breweries Group, Sanofi India and Bayer CropScience. He is also a former Rajya Sabha member.
Mallya became a part of Kingfisher Beer because of his father and turned it into one of India’s biggest spirits maker. It turned out not as successful as his other businesses and failed in 2012. A burgeoning debt burden made it impossible for the airline to continue operations.
Of all his business, he is largely associated with the now-defunct Kingfisher Airlines.
On 2nd March 2016, a group of Public-Sector Banks moved the Debt Recovery Tribunal against him. On the same day, he fled the country.
In January 2019, the Government declared him as a fugitive offender under the Fugitive Economic Offenders Act. It made all the efforts to extradite Vijay Mallya from the UK.
Since he lost his appeal application from both the courts of the UK, it will extradite him to India within 28 days.
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