India on Monday asked Britain to extradite nearly 60 people wanted by it, including liquor baron Vijay Mallya and Chirstian Michel, the alleged middleman in the AgustaWestland helicopter deal, for bringing them back to face justice here. India and Britain also agreed to hold annual strategic dialogue at the level of Union home secretary to jointly deal with issues like terrorism, organised crimes, visa and immigration matters. The Indian list of around 60 wanted people was handed over to ... Rediff.com, 2 months ago
Two non-bailable warrants were issued on Friday against Vijay Mallya, Chairman of the grounded Kingfisher Airlines, by two courts in Delhi. While one NBW was issued in a 2012 cheque bounce case following Mallya’s non-appearance, another was in a case of allegedly evading summons in a FERA violation matter. In the cheque-bouncing case, metropolitan magistrate Sumeet Anand passed the order with the direction that the NBW be executed through the ministry of external affairs as the ...Rediff.com, 2 months ago
The order brings an end to the nearly three-year legal battle in the Tribunal by the consortium, comprising 17 banks, to recover the money owed to them by the defunct airlines. The Debt Recovery Tribunal on Thursday ordered the State bank of India-led consortium of banks to start the process of recovering Rs 6,203 crore (Rs 62.03 billion), at annual interest rate of 11.5 per cent, from embattled tycoon Vijay Mallya and his companies in the Kingfisher Airlines case. "I hereby ask the bankers to ...Rediff.com, 3 days ago
First case filed after new norms come into force, NCLT admits plea. The National Company Law Tribunal admitted on Wednesday an insolvency petition filed by UB Engineering Ltd, part of the Vijay Mallya-owned UB Group. Its Mumbai bench, where the petition was filed, appointed insolvency professional A K Mehta to initiate the process. “This is the first such case NCLT has admitted (under the new law),” a person who was part of the filing process told this newspaper. Following the ...Rediff.com, 3 days ago
Central Bureau of Investigation director Anil Sinha retired from the post on Friday, handing over the baton to his second-in-command, Gujarat-cadre Indian Police Service officer Rakesh Asthana, as the government did not name any full-time chief. Asthana, a Gujarat-cadre officer of 1984-batch, got elevated as the second-in-command in the CBI two days ago when Special Director R K Dutta, who was among the frontrunners for the top post, was shifted to the Home Ministry as a special secretary. The ...Rediff.com, 1 month ago
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