8 hrs ago

Bombay High Court Warns Mallya Over ED Affidavit

Bombay High Court Warns Mallya Over ED Affidavit
Bombay High Court pulls up Vijay Mallya for posting ED affidavit on X · indianexpress.com

The Bombay High Court is hearing Vijay Mallya’s legal case.

The Enforcement Directorate gave Mallya’s lawyers a court document called an affidavit.

Mallya then posted the document on X, according to the agency.

The judge said people should make their arguments in court instead of using social media.

He warned that such posts could make the court’s work less effective.

Mallya’s lawyer promised to pass on the warning.

Mallya wants the criminal cases against him closed because banks recovered money from his assets.

The ED says recovering money does not automatically end allegations of money laundering or loan fraud.

The court will consider the matter again on October 13.

Key facts

Judge
Justice Milind Jadhav
Affidavit
The ED said Mallya uploaded its response on X on September 8, after it had been emailed to his legal team.
Recovered assets
Properties worth approximately Rs 14,131.6 crore, valued as of August 2021, were handed over to an SBI-led lender consortium.
Original debt
Mallya’s lawyer said the recovered amount substantially exceeded the approximately Rs 6,600 crore decreed debt plus interest.
Allegations
The ED alleges that at least Rs 3,500 crore was siphoned from Rs 9,000 crore in loans to Kingfisher Airlines.
Next hearing
October 13
Legal status
A special court declared Mallya a proclaimed offender in November 2016; the articles also describe him as a fugitive economic offender.

Quotes

Justice Milind N Jadhav

Bombay High Court single-judge bench judge

“Please make your client understand this is not the way to do it. Try and understand, what happens is, it undermines the efficacy of the court, because what is shown to me is something which is prima facie serious.”
freepressjournal.in indianexpress.com telegraphindia.com
“The problem is he (Mallya) is spoiling his own case otherwise if he is doing like this. He has very competent lawyers in the court to argue the matter.”
indianexpress.com

Sources

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