The 62-year-old former Kingfisher Airlines boss has been on bail since his arrest on an extradition warrant in April last year.
Vijay Mallya's is a fall that is both tragic and symptomatic of the excesses of our times.
Mallya is currently in United Kingdom on bail on an extradition warrant. His tweets came hours after Christian Michel, the alleged middleman in the AgustaWestland deal was extradited to India by the UAE
In a ruling by Justice Phillips in the court's Business and Property division on Wednesday, the 13 Indian banks were given permission to use certain information disclosed in court as part of a worldwide freezing order (WFO) against the 62-year-old businessman in an unrelated case involving the sale of a luxury superyacht believed to be previously owned by Mallya before he abandoned it last year.
The move comes against the backdrop of defaults by Vijay Mallya, Nirav Modi and Mehul Choksi and thereafter, fleeing the country.
The ED had filed an application before a special Prevention of Money Laundering Act (PMLA) court seeking the 'fugitive' tag for Mallya under the Fugitive Economic Offenders' Act, 2018.
The property was referred to in the UK High Court as a "high class home for Dr Vijay Mallya and his family members and United Breweries Group corporate guests".
In response to an RTI application filed by Pune-based Vihar Durve, the agency has cited section 8(1)(h) of the act to deny the information.
Special judge M S Azmi rejected Mallya's plea and said the court will hear arguments on the main ED plea to declare the beleaguered industrialist an FEO on November 22.
The ED has sought that Mallya, who is currently in the UK, be declared an FEO and his properties be confiscated and brought under the control of the Union government as per provisions of the new FEO Act.
In an enforcement order dated October 11, Justice Sara Cockerill had granted an order for a High Court Enforcement Officer to sell the six cars "by private treaty at a price not less than 404,000 pounds plus VAT".
Vijay Mallya has been declared a proclaimed offender by the court on January 4 for evading its summons in the case.
Chief Metropolitan Magistrate Deepak Sherawat issued fresh directions after the Bengaluru Police, through ED's special public prosecutor N K Matta and advocate Samvedna Verma, sought more time to execute its earlier order.
This property, overlooking the Regent Park, was used by Mallya as his family home.
A company needs the flexibility to operate and make decisions on its own based on ever-changing market scenarios. Till now, Air India was denied this freedom.
Russian fertiliser group Uralkali said it had set out an extremely generous offer to acquire Force India's business, assets and goodwill, which included a cash consideration between 101.5 million and 122 million pounds.
Sources tell Moneycontrol that the ED is not keen on selling equity fearing volatility in stock prices.
Mallya, who is currently in the United Kingdom, has been charged by the ED of defaulting on bank loans to the tune of Rs 9,000 crore.
The bank did not act on the legal advice they had received to restrain Mallya when he flew back to London
Congress' communications in-charge Randeep Surjewala claimed that the CBI shifted its stance on the Mallya case thrice, and asked who in the PMO had nudged the investigation agency.
The first circular needed modification as Mallya had been cooperating with the agency, the evidence were still being collected, he was a sitting MP and there was no warrant against him, the sources said.
This would be first charge sheet in the case pertaining to loans of over Rs 6,000 crore given to Kingfisher by a consortium of 17 banks led by SBI.
The 62-year-old liquor baron’s claims of meeting Finance Minister Arun Jaitley before he left India two years ago has stirred a hornet’s nest
The Sena said Italian businessman Ottavio Quattrocchi, an accused in the Bofors scandal, could not have left India without the help from the Indian government and the CBI.
The BJP's media head Anil Baluni posed eight questions to highlight the alleged help provided by the UPA government to Mallya.