New Delhi, July 27
Embattled liquor tycoon Vijay Mallya today approached the Supreme Court, seeking a stay on the confiscation of properties owned by him and his relatives.
In the petition, Mallya has said that no other properties other than that of Kingfisher Airlines facing cases of alleged irregularities should be attached.
On July 11, the Bombay High Court had refused to grant stay on proceedings before a special court on confiscation of Mallya's properties.
The division Bench of the court had dismissed an application filed by the embattled liquor baron last month, seeking a stay on the proceedings before the special court hearing cases pertaining to the Prevention of Money Laundering Act (PMLA).
On January 5 this year, the special Prevention of Money Laundering Act court here declared Mallya a fugitive economic offender. The court then started proceedings for confiscation of his properties.
Mallya, who is currently in the United Kingdom, has been charged by the Enforcement Directorate (ED) of defaulting on bank loans to the tune of Rs 9,000 crore.
The liquor baron is also facing an extradition trial in the United Kingdom. — PTI
from The Tribune https://ift.tt/2YbhCA0
via Today’s News Headlines
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