Skip to content
Search

Latest Stories

India’s top court gives ‘final opportunity’ to Mallya to appear before it

INDIA’S Supreme Court has given a “final opportunity” to fugitive businessman Vijay Mallya to appear before it personally or through his lawyer in a contempt case where he has been found guilty.

Mallya, who is currently living in the UK, is accused of bank loan defaults of more than Rs 90 billion (£880 million) in India involving his now-defunct Kingfisher Airlines.

The top court said it has given multiple opportunities to Mallya to appear either personally or through a lawyer.

A bench of justices U U Lalit, S Ravindra Bhat and P S Narasimha posted the contempt case for further hearing after two weeks.

It said Mallya is at liberty to act as per the direction given in its order on November 30 last year, failing which the matter shall be taken to its "logical conclusion".

At the outset, the bench told senior advocate Jaideep Gupta, who has been appointed amicus curiae in the matter, that it has found the contemnor guilty of contempt of court, and now, punishment has to be imposed.

"Going by normal logic, the contemnor has to be heard but from that stage, he has not appeared before the court. What course should the court adopt?" the bench asked Gupta.

Gupta said that the contemnor does not need to be physically present, and he can appear through his counsel, and the court may clarify this further in its order.

Justice Bhat said the case has different colours, and the contemnor has abstained from the proceedings.

"Next hearing, the same thing will happen. We will have to pronounce the sentence in absentia. In this situation, in other countries courts are not powerless. We want assistance in that regard," Justice Bhat said.

The bench said this problem should not become a gateway for courts of first instance to adopt this course.

"We will have to say that this is in extraordinary circumstances in which he has been found guilty and is on the run. We need to have appropriate safeguards," it said.

Gupta said the court would have to make it clear what would happen and what consequences would follow if Mallya does not appear either personally or through his lawyer.

Solicitor general Tushar Mehta, appearing for the government, said the court has inherent jurisdiction in contempt cases and that it has given enough opportunity to Mallya, which he has not taken.

He said the Indian government has been informed by UK officials that there is some confidential proceeding going on which cannot be shared.

The bench asked Gupta, "What should the court do? Should we appoint an amicus for the contemnor or do we proceed ahead? Normally, in criminal matters, we appoint an amicus to represent the accused."

Gupta said if no lawyer appears for him or makes submissions on behalf of him, then the court should appoint an amicus curiae to represent the accused.

On November 30 last year, the top court had said it could wait any longer and the sentencing aspect in the contempt matter against Mallya would be dealt with finally.

It had in 2020 dismissed Mallya's plea seeking a review of its 2017 verdict which held him guilty of contempt for transferring $40 million (£29.46m) to his children in violation of court orders.

On January 18 last year, the Indian government had said it was making all efforts to extradite Mallya from the UK but the process is being delayed due to some legal issues involved in the matter.

Mallya has been in the UK since March 2016. He is on bail on an extradition warrant executed three years ago by the Scotland Yard on April 18, 2017.

(PTI)

More For You

uk-home-buyers

For most first-time buyers, the exemption will drop from £425,000 to £300,000. (Photo credit: iStock)

Home buyers rush to complete purchases before stamp duty increase

HOME BUYERS in England and Northern Ireland are racing to complete their purchases before 1 April, when stamp duty thresholds will change, potentially costing them thousands of pounds.

Currently, home purchases under £250,000 are exempt from stamp duty, but this threshold will revert to £125,000.

Keep ReadingShow less
India’s GDP ticks up 6.2 per cent
on increased spending last quarter

Decreased urban consumption and reduced government spending have dampened economic activity over the last few quarters

India’s GDP ticks up 6.2 per cent on increased spending last quarter

INDIA’S economy expanded a little more than six per cent in the December quarter, official data showed last Friday (28), marking an uptick from the previous quarter as the country prepares for the fallout of US president Donald Trump’s protectionist trade policies.

The figures – an increase from the July-September period – will likely be welcomed by policymakers in the world’s fifth-largest economy, which has been grappling with unexpectedly sluggish growth in the face of potential US tariffs.

Keep ReadingShow less
India, EU set December deadline for free trade deal

Ursula von der Leyen with Narendra Modi

India, EU set December deadline for free trade deal

INDIA and the European Union agreed last Friday (28) to finalise a free trade deal by the end of the year, marking their first commitment to a deadline after years of talks. This move comes as both sides seek to soften the impact of tariff increases from the United States.

The announcement was made by European Commission president, Ursula von der Leyen, on a two-day visit to India, and India’s prime minister, Narendra Modi, at a joint press conference.

Keep ReadingShow less
Donald Trump

Trump signed an executive order increasing a previously imposed 10 per cent tariff on Chinese goods to 20 per cent, the White House said on Monday. (Photo: Getty Images)

Global markets slide amid escalating US-China tariffs

MARKETS fell sharply on Tuesday as trade war fears resurfaced after China announced new tariffs on US imports in response to President Donald Trump's latest levies.

China said it would impose tariffs of 10 and 15 per cent on a range of US agricultural imports in retaliation.

Keep ReadingShow less
Mortgage lending rises to highest since September 2022

Lending rose to £4.207 billion in January from £3.343 bn in December. (Representational image: Getty)

Mortgage lending rises to highest since September 2022

NET mortgage lending in Britain increased in January to its highest level since September 2022, while mortgage approvals declined slightly but remained above expectations, according to Bank of England data released on Monday.

Lending rose to £4.207 billion in January from £3.343 bn in December. This was the highest level since September 2022, when financial market turmoil followed the economic plans of then-prime minister Liz Truss. The figure was also higher than the £3.55 bn forecast in a Reuters poll.

Keep ReadingShow less