Indian Court Order On Vijay Mallya’s Plea Against ED Likely Next Week


An Indian court is expected to release its order on October 30 on a petition filed by business tycoon Vijay Mallya seeking to stay the proceedings started by the country’s law enforcement and economic intelligence agency Enforcement Directorate (ED) to declare him a fugitive economic offender (FEO). The special court witnessed extensive arguments on Friday (26) by the lawyer representing Vijay Mallya and later adjourned its order for October 30. Business tycoon, Mallya, accused of defaulting on loan repayments to the banks and money laundering, who moved out of India in 2016 and currently residing in the UK. The former Kingfisher…

You do not have access to this content. You need to subscribe.