Decision of Indian Courts against Vijay Mallya is valid and can be enforced against his assets in UK

Must Read

Proof of Infliction of Fatal Injury Not Mandatory for Conviction Under Section 307, IPC: Tripura High Court

In the case of Mamin Miah vs the State of Tripura, a Division Bench consisting of Hon’ble Justice S....

Bombay High Court Pursues Case Alleging Media Trial, Says NBSA Guidelines Must Be Toothed by Centre

Amid the pleas alleging media trials, the Division Bench had been hearing submissions of the News Broadcasters’ Authority (NBA)....

Himachal Pradesh High Court Supports Promotion Based on Seniority of Post Rather Based on the Eligibility Test

In the case of Ramesh Chand Versus State of Himachal Pradesh & Others, the petitioner, reached the court as...

NCDRC Dismisses PIL against Urologist, Holy Family Hospital, Says Mode Of Treatment Or Skill Differs From Doctor To Doctor

The National Consumer Dispute Redressal Commission (NCDRC) dismissed a petition against Holy Family Hospital and a Urologist, alleging negligence...

Himachal Pradesh High Court Disposes Suit for Possession and Permanent Prohibitory Injunction Due To Mutual Consent

In the case of Parveen Kumar vs Smt. Vijay Laxmi and Ors, the Petitioner, Parveen had filed a suit for declaration,...

Supreme Court Appoints Committee To Examine Arbitrariness of Sealing of Resorts in Elephant Corridor, Tamil Nadu

A Full Bench headed by the Chief Justice of India, in the matter of Hospitality Association of Mudumalai V. In...

Follow us

King of good times seems to have run out of good times. A UK court has ruled that judgment of Indian Courts against Mallya can be enforced against his assets in the UK.

Facts of the Case

Liquor baron Vijay Mallya fled to the United Kingdom in 2016 after defaulting on loans taken by him from various banks in India. A United Kingdom High Court dismissed Vijay Mallya’s plea to set aside the order of Indian Recovery Tribunal freezing his accounts worldwide to recover around 1.45 billion. A group of 13 banks led by India’s largest Bank State Bank of India is trying to get a hold on the liquor baron to recover their dues from him. Vijay Mallya is fighting a number of legal battles in various English Courts and it includes an extradition case to India. Westminster’s magistrate court in the UK will deliver the final verdict on extradition on 11th July.

The decision of the Case

Debt Recovery Tribunal of India had issued a freeze order against Mallya, preventing him from selling off his assets from England and Wales up to that value or to in any way dispose of, deal with or diminish the value of his assets in or outside of English jurisdiction, up to the same value. Tuesday’s verdict of commercial court (Queen’s Bench Division) strengthened it further. Partner of law firm TLT Paul Gair who represented the banks said that “Today’s judgment is a very important decision not just for our clients, who want to proceed in this jurisdiction with enforcing the judgment they secured against Mr. Mallya in India, but also for Indian and international banks more generally. Following the decision today, the banks are now considering the enforcement options available to them to recover the sums due from Mr. Mallya under the DRT judgment, which is now enforceable in England and Wales as if it were a judgment given by the English courts.” Decision was given by Judge Andrew Henshaw in favour of consortium of 13 banks which included Bank of Baroda, Corporation Bank, The Federal Bank Limited, IDBI Bank Limited, Indian Overseas Bank, Jammu & Kashmir Bank Limited, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt. Ltd. Moreover, The court also identified that there was an inherent risk of Mallya dissipating his assets by citing the example of how he transferred 40 million dollars to his children’s trust and passed an order to freeze his assets. Mallya is currently receiving an allowance of 5,000 pounds a week which was increased to 20,000 pounds this year. Vijay Mallya feels that he will not be provided a free and fair trial in India trailed by media frenzy and hysteria.

Learning of the Case

From this case, we learn that orders passed by Indian Tribunals have validity in foreign jurisdictions as if they were passed by local courts.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Proof of Infliction of Fatal Injury Not Mandatory for Conviction Under Section 307, IPC: Tripura High Court

In the case of Mamin Miah vs the State of Tripura, a Division Bench consisting of Hon’ble Justice S. Talapatra and Hon’ble Justice S....

Bombay High Court Pursues Case Alleging Media Trial, Says NBSA Guidelines Must Be Toothed by Centre

Amid the pleas alleging media trials, the Division Bench had been hearing submissions of the News Broadcasters’ Authority (NBA). It prayed that severe restrictions...

Himachal Pradesh High Court Supports Promotion Based on Seniority of Post Rather Based on the Eligibility Test

In the case of Ramesh Chand Versus State of Himachal Pradesh & Others, the petitioner, reached the court as he was aggrieved by the...

NCDRC Dismisses PIL against Urologist, Holy Family Hospital, Says Mode Of Treatment Or Skill Differs From Doctor To Doctor

The National Consumer Dispute Redressal Commission (NCDRC) dismissed a petition against Holy Family Hospital and a Urologist, alleging negligence in diagnosing the septicemia and...

Himachal Pradesh High Court Disposes Suit for Possession and Permanent Prohibitory Injunction Due To Mutual Consent

In the case of Parveen Kumar vs Smt. Vijay Laxmi and Ors, the Petitioner, Parveen had filed a suit for declaration, possession and a permanent prohibitory...

Supreme Court Appoints Committee To Examine Arbitrariness of Sealing of Resorts in Elephant Corridor, Tamil Nadu

A Full Bench headed by the Chief Justice of India, in the matter of Hospitality Association of Mudumalai V. In Defence of Environment and Animals...

Madhya Pradesh High Court Rules That Export Ban on N95 Masks & PPE Kits Does Not Violate Fundamental Right of Traders

The Madhya Pradesh High Court held that the formulation and regulation of trade policies were within the subjects of the Central Government. Any reasonable...

Delhi High Court Issues Notice To Two Pleas Filed Praying for Recognition of Same-Sex Marriage

The Court heard two writ petitions which urged that the Special Marriage Act and the Foreign Marriage Act be interpreted to also apply to...

Supreme Court Allows Appeal Challenging Allahabad High Court Order Granting Interim Bail on Medical Grounds

An appeal was filed before the Supreme Court, challenging the Judgment & Order of the Allahabad High Court in the matter of State of U.P...

Bombay High Court Allows Petition Seeking Lawyers and Legal Clerks To Travel in Local Trains

The present hearing arose out of a batch of Public Interest Litigations that was filed in the Bombay High Court to permit the members...

More Articles Like This

- Advertisement -