Mallya in shock again, British court rejects his appeals
Mallya in shock again, British court rejects his appeals
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The UK's Court of Appeal refused to grant permission for the appeal of businessman Vijay Mallya against the High Court's decision. At the same time, after the Indian government's decision to seize under the new law attached to the property, he has expressed his desire to return home to face the investigation.

At the beginning of the month, the British High Court had decided in favour of 13 Indian banks in connection with the recovery of about 1.145 billion pounds of Mallya. Judge Andrew Henshoe refused to grant the right to appeal while refusing to ban Vijay Mallya's properties. After hearing on the application of Mallya, the Court judges declined it yesterday.

Jawala & Co. LLP Senior Advocate Kartik Mittal said, "The High Court's decision has been finalized after refusing to approve the appeal. Now Mallya has no way of appealing against that decision."

At the beginning of the month, the High Court, in its decision, jolting Mallya, said that 13 organizations can search for properties and investigate the properties related to Vijay Mallya. At the same time, the court said that the British authorities could also take help of the police when needed against him.

In its order, the court had said that the investigating officer any investigating agency working under him has been allowed to enter his Hertfordshire office to investigate his properties, which can also be seized. These properties include Ladywalk, Bramble Lodge, in the Wellwin area, a place called Tavin, where entry of the officials will be allowed.

Mallya has accused of fraud and money laundering of Rs 9,000 crore in loans with Indian banks and he is opposing the application filed by Indian agencies to hand over to India. At present, the borrower of 9 thousand crore rupees has been living in London for the last two years.

Also Read:

Vijay Mallya says to Indian Banks Seizing British Assets: 'Not in My Name'

The government faces difficulties to trace Mallya's black money

Vijay Mallya in shock, Indian banks get access to his London property

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