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Mallya's plea challenging confiscation of properties to be heard on Friday

India's Supreme Court on Monday(29) agreed to hear the plea of fugitive economic offender Vijay Mallya challenging the confiscation of properties belonging to the companies owned by him and his family members.

A bench headed by chief justice Ranjan Gogoi took note of the submission of FS Nariman, appearing for Mallya, that the fresh plea be heard along with the pending one on the legality of the law and the action to confiscate the properties.


The senior lawyer sought adjournment of hearing on the petition questioning the confiscation of properties.

The bench has now posted the matter for hearing on August 2.

Mallya, who is currently in the UK, has been charged by the Enforcement Directorate (ED) of defaultin2g on bank loans to the tune of Rs 9,000 crore (£1 billion). He is also facing an extradition trial in UK.

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London poised to capitalise on AI and fintech hiring boom, as vacancies surge

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London poised to capitalise on AI and fintech hiring boom, as vacancies surge

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  • London vacancies up 9 per cent in Q3 2025, with fintech roles already surpassing all of 2024’s recruitment.
  • AI positions offer salaries 20 per cent higher than non-AI roles, reflecting fierce competition for skilled professionals.
  • Near-shoring boosts junior roles in Belfast and Glasgow, but London dominates senior, strategic appointments.

Jobs soar

Artificial intelligence and financial technology are driving job growth in London’s financial sector, with vacancies up 9 per cent year-on-year in Q3 2025, according to Morgan McKinley’s latest Employment Monitor.

Mark Astbury, director at Morgan Mckinley , noted that fintech roles have proved particularly resilient, with companies advertising 6,425 positions already exceeding the entirety of 2024’s recruitment activity. Banks, consumer finance organisations, and ambitious startups are prioritising senior and strategic appointments, particularly in AI strategy, corporate finance, and technology leadership roles.

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