- Tag results for Vijay Mallya
The case had been left undecided over the issue of admissibility of evidence presented by the Indian authorities at a hearing earlier this month.
The probe agency has come across various violations of companies law in the case related to Kingfisher Airlines, which was grounded in 2012.
The development comes close on heels of India seeking UK's help in early extradition of liquor tycoon Vijay Mallya from Britain.
Vijay Mallya's defence team raising issues to delay extradition: Minister of State for Home Kiren Rijiju
Minister of State for Home Kiren Rijiju, who is in the UK for talks on security issues, said the Indian government is confident about its evidence in the case.
The extradition trial, which opened at the London court on December 4, is aimed at laying out a prima facie case of fraud against the tycoon.
Mallya is wanted in India to stand trial on charges of fraud and money laundering allegedly amounting to around Rs 9,000 crore.
Embattled liquor tycoon Vijay Mallya is wanted in India on charges of fraud and money laundering allegedly amounting to around Rs 9,000 crore.
Finance Minister Arun Jaitley on Thursday said that capital infusion is solely aimed at strengthening the banking system.
The court had on April 12 last year issued an open-ended non-bailable warrant against the liquor baron.
High profile corporate-legal cases involving politician-businessmen nexus stole the show in year 2017 in the Supreme Court, which dealt with sensitive issues.
On June 28, the Cabinet had cleared disinvestment of debt-laden Air India but the final modalities, including the quantum of stake sale, would be decided by a panel headed by the finance minister.
From Vijay Mallya fleeing the country to Neelamani N Raju becoming the first woman DG & IGP of the state, people in Karnataka had a lot to talk about in 2017.
The near-bankrupt Kingfisher Airlines has been grounded since 2012 and owes banks over Rs 9,000 crore, far less than bigger defaults in sectors like metals and infrastructure.
The ED, on January 4, is likely to press for declaring Mallya a proclaimed offender (PO) since the court has already given him the last opportunity to appear in the case.
Mallya, who has been out on bail since Scotland Yard executed an extradition warrant in April this year, will be in the dock for the duration of the trial scheduled to end on December 14.