Vijay Mallya

Mallya challenged this before the London High Court, which dismissed it on April 20, 2020. He then moved the HC seeking leave to appeal to the Supreme Court. However, the high court rejected the request on May 14, 2020.

Fujitive businessman Vijay Mallya who escaped from the country with thousands of crores of banks has received a severe blow from the Supreme Court of India.

Ex-businessman and fugitive Vijay Mallya has suffered a major setback. The UK High Court has rejected Vijay Mallya's petition.

Fugitive Businessman Vijay Mallya has suffered a major setback from the British High Court. The court has rejected his appeal filed against his extradition case in India. 

A bench headed by Chief Justice S A Bobde passed the order after the Centre told the top court that Mallya used pendency of his plea to stall the UK court from delivering verdict in insolvency proceedings.

A special court here has permitted a consortium of 15 banks led by the State Bank of India (SBI) to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt.

Courts cracked the whip on Mallya and Nirav Modi - accused in separate cases of financial crime - who have fled the country, by declaring them fugitive economic offenders under a new law.

"The appellant (Mallya) has five business days to apply for oral consideration. If a renewal application is made, it will be listed before a High Court judge and dealt with at a hearing," the spokesperson said.