Skip to content
Search AI Powered

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

Essar-Oil-UK-Getty

Essar Oil UK is advancing decarbonization at its Stanlow Refinery with two key projects supported by Industrial Energy Transformation Fund (IETF) grants. (Photo: Getty Images)

Essar, 24 other firms get £51.9m to cut industrial carbon emissions

THE GOVERNMENT has allocated £51.9 million to support 25 businesses in reducing carbon emissions as part of the Plan for Change aimed at driving economic growth and rebuilding Britain.

The funding covers projects across various industries, including food manufacturing, cement production, and glass processing.
Companies receiving funding include Essar Oil UK, Nestlé's coffee processing site in Staffordshire, Heinz's baked bean factory in Wigan, and Hanson Cement in North Wales.

Keep ReadingShow less
Tesla-Getty

Tesla has faced challenges in 2024, reporting its first annual decline in deliveries as incentives failed to increase demand for its ageing vehicle lineup. (Photo: Getty Images)

Tesla received nearly £200m in UK government grants since 2016: Report

ELON MUSK’s electric vehicle company Tesla has received £191 million in grants from the UK government since 2016, according to an analysis by Tussell.

The majority of the funding, £188m, was provided by the Department for Transport (DfT) through the plug-in car grant scheme, which aimed to promote the adoption of electric and plug-in hybrid vehicles, The Guardian reported.

Keep ReadingShow less
CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less