Vijay Mallya’s Plea by SC to imposeexpropriation of Propertieson Friday

On Monday the Supreme Court admitted to hearing on August 2 regarding the case of fugitive economic offender Vijay Mallya challenging the confiscation of assets relating to the companies owned by him and his family members.

A court-supervised by Chief Justice Ranjan Gogoi held a note of the submission of F S Nariman, appearing for Mallya, that the new plea is heard along with the pending one on the legitimacy of the law and the action to seize the properties.

The superior lawyer solicited a deferment of hearing on the petition questioning the confiscation of properties. The bench has now posted the subject for hearing this Friday. Mallya had pleased the apex court on June 27 seeking a hold on the seize of properties owned by him and his relatives.

In the appeal, Mallya has said that no other assets other than that of Kingfisher Airlines facing crises of claimed irregularities should be attached. The Bombay High Court on July 11 had declined to give a stay on proceedings before a special court on confiscation of Mallya’s properties.

The division bench of the court had declined an appeal filed by Mallya last month, soliciting a hold on the proceedings before the special court hearing cases about the Prevention of Money Laundering Act (PMLA).

On January 5 of this year, the special PMLA court here listed Mallya as a runaway economic offender. The court then began procedures for the seizing of his properties. Mallya, who is presently in the UK, has been entrusted by the Enforcement Directorate of defaulting on bank loans to the extent of Rs 9,000 crore. He is also facing an extradition case in the UK.

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