Liquor baron Vijay Mallya arrested in London

Faith Castro
April 20, 2017

"This is likely to take months or years to complete, and there may well be several further hearings". Presented to the court, he was later released on bail, with the British judges now considering the conditions for a possible transfer to Indian justice.

To extradite Mallya from UK, ED had opted for the MLAT and also got a non bailable warrant (NBW) issued from a special PMLA court.

NewsGram brings to you latest new stories in India. "A worldwide freezing order on Mallya's assets would be an even more effective option than the extradition route", he said.

Mallya, who has been pursued by various banks in courts for the recovery of bank loans worth ₹9000 crores for the now-defunct Kingfisher Airlines fled to Britain in April past year.

In January, an Indian court ordered a consortium of lenders to start the process of recovering the loans.

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The 61-year-old liquor baron has to face charges in Indian courts in connection with loan default cases.

India and the United Kingdom have an Extradition Treaty, signed in 1992, but so far only one extradition has taken place under the arrangement. The wanted person has a right to appeal to the higher courts against any decision all the way up to Britain's Supreme Court. "Not a rupee was misused", he had tweeted earlier this year.

He is alleged to owe 94bn rupees (£1.1bn) to state-owned banks following the collapse of Kingfisher Airlines in 2012.

As he awaits the hearing, Mallya is expected to be based at his lavish country home in Tewin, Hertfordshire, an hour's drive from London. The next date for a hearing, when British Courts will begin formal hearing on the extradition has been set as 17 May, and it is then, that Indian Government will have to establish before British Courts that a case against Mallya exists for extradition before he can be actually extradited.

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