The AAI moved the court against Mallya and his now- defunct Kingfisher Airlines (KFA) after two cheques, adding up to Rs 100 crore, issued by the airline towards 'landing, parking and terminal navigation' charges were dishonoured.
With the Serious Fraud Investigation Office (SFIO) submitting a detailed report on the misdoings at Kingfisher Airlines, which went belly up in 2012, the government, regulators and banks are set to initiate strict actions to zero in on the guilty.
The visiting officials of the two central probe agencies will also submit the charge-sheet filed by the Enforcement Directorate in the case last month in Mumbai, said a senior official in the Mallya probe team.
Mallya is wanted in India for Kingfisher Airlines' default on loans worth nearly Rs 9,000 crores, has been living in the UK since March 2016.
The agency came out with a statement after reports that Crown Prosecution Service told a London court that it will require three-four weeks time to receive evidence from India.
ED has filed its first chargesheet against Vijay Mallya and 8 others, including IDBI Bank officials for alleged money laundering in the IDBI-KFA bank loan case.
The Enforcement Directorate (ED) and Central Board of Investigation (CBI) have unearthed these companies - around the globe including Singapore and London - used to divert loan money from the country.
India will press for early extradition of fugitive liquor baron Vijay Mallya from the UK when Home Secretaries of both the countries will meet here next month.
The minister further said Mallya's extradition is part of the "judicial process" in the UK. "It's part of the judicial process in that country and the judicial process functions on certain considerations," he said in response to queries regarding Mallya's extradition.
In its dossier, the ED has also made a case against KFA and Mallya regarding the sale of a land of 264 acres in Coorg, the proceeds of which have been laundered overseas
While a conditional bail has been granted, Vijay Mallya is said to have been directed to stay confined at his property near London and refrain from applying for any travel documents.
Bankers among the 17 consortium of lenders to Mallya-owned now defunct Kingfisher Airlines are happy that he was undergoing the legal trial in the United Kingdom where is escaped last year in March to avoid being arrested in India.
Mallya, who has been declared a willful absconder in India, is likely to be extradited and a team from the Central Bureau of Investigation (CBI) will visit the United Kingdom soon.
Liquor baron Vijay Mallya received a major blow from the Karnataka High Court yesterday when it ordered winding up of the United Breweries Holdings Limited (UBHL), the holding company of UB Group for recovery of defunct Kingfisher Airlines losses owed to consortium of bank led by State Bank of India.
The pioneer of low-cost travel in India has returned to his roots after nearly a decade with Air Deccan being authorised to fly to far-flung areas as part of the government's regional connectivity scheme.
The UK has conveyed to India that its request for extradition of industrialist Vijay Mallya, who has been declared a proclaimed offender, has been certified by the secretary of state.
This skyscraper is being built under a joint venture between United Breweries Holdings Ltd (UBHL) and Prestige Estates Projects Ltd. In this agreement UBHL owns 55 percent stake and the developer have 45 percent.
Over the last 22 months, SpiceJet has been reporting load factors—industry speak for passenger capacity utilisation—in excess of 90 percent
"Public sector banks have policies for one-time settlements. Hundreds of borrowers have settled. Why should this be denied to us? Our substantial offer before the honourable Supreme Court was rejected by banks without consideration. (I) am ready to talk settlement on fair basis," Mallya said in a tweet.
In a bid to save the company, United Breweries Holding Limited (UBHL) has filed an appeal in the Karnataka High Court seeking to set aside the winding up order against it, sources say.
Bankers to the defunct Kingfisher Airlines have, for the fourth time, failed to find any takers for the Kingfisher House and third unsuccessful attempt to auction the Kingfisher Villa in Goa.
While Kingfisher House will be put under the hammer for the fourth time after three failed attempts, Kingfisher Villa is being put on sale for the third time. The reserve prices for both the properties owned by Mallya have been lowered after the earlier attempts of the 17-lender consortium failed to attract bidders.
Kingfisher Airlines' two prime assets, Kingfisher House in the city and Kingfisher Villa in Goa, will be auctioned tomorrow by banks to recover their loans to the long-defunct airline started by defaulter businessman Vijay Mallya.
A group firm of Pratt & Whitney has been sued for supplying defective engines to Kingfisher Airlines, Mallya said amid aviation regulator DGCA ordering detailed inspection of P&W engines powering some Airbus 320 neo planes being operated in India.
The Supreme Court today will hear Vijay Mallya‘s loan default case. Earlier, a special CBI court had issued a non-bailable warrant against Mallya in the loan default case after the investigative agency moved an extradition plea against the liquor baron.