Skip to content
Search

Latest Stories

Mallya Begins Appeals Process

BUSINESSMAN Vijay Mallya, who is wanted in India over defaulting on bank loans, has filed an application in the UK High Court, seeking permission to appeal against an extradition order signed by the British home secretary.

Mallya, 63, the co-owner of the Formula One motor racing team Force India which went into administration in July, moved to England in March 2016.


He has denied any wrongdoing and says the case against him is politically motivated.

The businessman made the application in the Administrative Court division of the High Court yesterday (14), 10 days after home secretary Sajid Javid signed off on the extradition order triggering a 14-day window for Mallya’s appeal application.

“The application has been sent for a judge on papers decision, which is expected any time between two to four weeks,” a UK court representative said.

A “judge on papers” decision will involve a High Court judge determining the merits of the application and if it is accepted, the case will proceed to a “substantive hearing” in the next few months' time.

If Mallya's application is rejected at this stage, he can submit a “renewal form”.

The renewal process will lead to a 30-minute oral hearing when Mallya's legal team and the Crown Prosecution Service (CPS) – acting on behalf of the Indian government - will renew their respective claims for and against an appeal. The judge will then determine if it can proceed to a full hearing.

The process, to be heard in the Royal Courts of Justice in London, could take months as the listing of a hearing depends on the availability of judges, among other factors.

Following the outcome at the High Court level, both sides could apply for the right to appeal to the Supreme Court, which would involve at least another six weeks.

The former boss of the now-defunct Kingfisher Airlines took to Twitter again this week to call on India’s prime minister Narendra Modi to accept his settlement offer in relation to the airline's loan default.

“I respectfully ask why the Prime Minister is not instructing his banks to take the money I have put on the table so he can at least claim credit for full recovery of public funds lent to Kingfisher,” Mallya said, adding that his offer to the Karnataka High Court in south India should not be dismissed as “frivolous” because it is a “perfectly tangible, sincere, honest and readily achievable offer”.

Mallya has been based in the UK since March 2016 and remains on bail on an extradition warrant executed by Scotland Yard in April 2017.

In her verdict at the end of a year-long extradition trial in December last year, Judge Emma Arbuthnot had ruled that the “flashy” billionaire had a “case to answer” in the Indian courts.

The court had also dismissed any bars to extradition on the grounds of the prison conditions under which the businessman would be held, as the judge accepted the Indian government's assurances that he would receive all necessary medical care at Barrack 12 in Mumbai's Arthur Road Jail.

More For You

Sanjeev Gupta

Sanjeev Gupta is under investigation by the Serious Fraud Office for suspected fraud, fraudulent trading, and money laundering related to GFG’s financing, including from Greensill. (Photo: Getty Images).

Sanjeev Gupta in legal battle over £3bn Australian steel business

STEEL tycoon Sanjeev Gupta is in a dispute with Grant Thornton, the administrators of collapsed lender Greensill Capital, over control of InfraBuild, an Australian steel manufacturer, processor, and distributor valued at £3 billion.

The dispute concerns a mortgage held by Grant Thornton over Gupta’s shareholding in InfraBuild. Gupta’s Gupta Family Group (GFG) Alliance, which includes Liberty Steel and Alvance Aluminium, has faced financial difficulties since the collapse of its main lender, Greensill, in March 2021, reported The Times.

Keep ReadingShow less
Eros Media

Eros had agreed to make the payment on 10 March to investors who bought bonds issued by the company on the London Stock Exchange in 2014.

Bollywood film group Eros Media may delay £3.75m payout to UK investors

THOUSANDS of UK investors are uncertain about receiving a £3.75 million payment from Eros Media World, a Bollywood film group, as the company has indicated it may not be able to pay on time.

Eros had agreed to make the payment on 10 March to investors who bought bonds issued by the company on the London Stock Exchange in 2014.

Keep ReadingShow less
india-ireland

Jaishankar met Harris over a working breakfast at the Department of Foreign Affairs, where they finalised an 'Action Plan' aimed at strengthening bilateral relations. (Photo: X/@DrSJaishankar)

India, Ireland to strengthen trade ties with new Joint Economic Commission

INDIA and Ireland have agreed to establish a Joint Economic Commission (JEC) to boost trade, investment, and technology collaboration, external affairs minister S Jaishankar announced after a meeting with Irish foreign minister Simon Harris in Dublin on Friday.

Jaishankar met Harris over a working breakfast at the Department of Foreign Affairs, where they finalised an "Action Plan" aimed at strengthening bilateral relations.

Keep ReadingShow less
Rachel-Reeves-Getty

Reeves is expected to announce welfare spending cuts worth billions of pounds in the Labour government's Spring Statement on March 26. (Photo: Getty Images)

Welfare system too costly, needs reform: Rachel Reeves

CHANCELLOR Rachel Reeves said on Friday that the UK’s welfare system is "costing too much" and must be reformed as the government faces financial pressures from high inflation and borrowing.

Reeves is expected to announce welfare spending cuts worth billions of pounds in the Labour government's Spring Statement on March 26. The statement will be a follow-up to her first budget last October, according to reports this week.

Keep ReadingShow less
Lloyds-UK-Reuters

People walk past a branch of Lloyds bank in London on January 17, 2025. (Photo: Reuters)

Lloyds to hire 4,000 tech workers in India, cut UK jobs: Report

LLOYDS Banking Group is hiring hundreds of IT engineers in India while planning to cut similar jobs in the UK, according to a report.

The bank aims to have 4,000 permanent technology and data employees in India by the end of the year, nearly half of its global engineering workforce, reported the Financial Times.

Keep ReadingShow less