Mallya, who is currently in the UK, has been charged by the Enforcement Directorate of defaulting on bank loans to the tune of  ₹9,000 crore (File photo: AP)
Mallya, who is currently in the UK, has been charged by the Enforcement Directorate of defaulting on bank loans to the tune of 9,000 crore (File photo: AP)

Mallya's plea challenging confiscation of properties to be heard by SC on Friday

  • In the plea, Mallya submitted that no properties other than those related to Kingfisher Airlines, which is facing cases of alleged irregularities, should be attached
  • On 11 July, Bombay HC refused to grant stay on proceedings before a special court on confiscation of Mallya's properties

New Delhi: Supreme Court on Monday agreed to hear on 2 August a petition filed by liquor tycoon Vijay Mallya seeking stay on confiscation of properties owned by him and his family members.

Senior advocate F.S. Nariman, appearing on behalf of Mallya, pleaded for the fresh plea, filed on 27 July, to be heard with the pending petitions against Kingfisher Airlines.

The apex court bench, headed by the Chief Justice of India Ranjan Gogoi, agreed to hear the petition and also acceded to the prayer of the adjournment. The petition shall be heard on 2 August.

Mallya pleaded that only properties in the name of Kingfisher Airlines should be attached in the cases pertaining to alleged irregularities in the airline.

On 11 July, the Bombay High Court had refused to grant stay on proceedings before a special court on confiscation of Mallya's properties.

The division bench of the court had dismissed an application filed by Mallya last month, seeking a stay on the proceedings before the special court hearing cases pertaining to the Prevention of Money Laundering Act (PMLA).

On 5 January, the special PMLA court here declared Mallya a fugitive economic offender. The court then started proceedings for confiscation of his properties.

Mallya, who is currently in the UK, has been accused by the Enforcement Directorate (ED) of defaulting on bank loans to the tune of 9,000 crore.

He is also facing an extradition trial in the UK.

PTI has contributed to this story

Close