- Tag results for Vijay Mallya
The fugitive liquor baron further claimed that he has made the offer to settle the matter before the High Court Court of Karnataka.
On February 7, the Enforcement Directorate (ED) had told the court that Talwar had links with fugitive businessman Vijay Mallya during the hearing of the AgustaWestland case.
Harpreet Singh Giani, who practices as a Barrister in the UK and an advocate in India, believes that Mallya could still appeal and delay extradition.
Following the appeal, the court will consider the grounds for which the appeal can be admitted and that will trigger another set of hearings.
While Mallya is accused of defaulting on loans worth over Rs 9,000 crore, the amount claimed by the consortium of banks was around Rs 6,200 crore.
The central probe agency submitted its affidavit in response to an application filed by the consortium of banks, led by the State Bank of India (SBI), seeking restoration of properties of Mallya.
During his last hearing, he had also argued that the cases against him were politically motivated.
In a tweet, Mallya said that he had already stated his intention to appeal after the December 10 court order of his extradition.
'Modi Government clears one more step to get Mallya extradited while Opposition rallies around the Saradha scamsters,' Jaitley tweeted.
UK Home Secretary Sajid Javid has ordered the extradition of Mallya on charges of conspiracy to defraud and money laundering offences, the British Home Office said in London.
Following the UK government's order to extradite the liquor baron to India, Mallya has 14 days to file an appeal.
UK government signs extradition order of Vijay Mallya to India; Fugitive businessman has 14 days to appeal
Mallya, who is currently out on bail after a London court ruled in favour of his extradition to India to face trial, can start his appeal process within 14 days.
A group of Indian banks -- which are trying to collect more than a billion pounds ($1.3 billion) in debt from Mallya -- want documents that would shed light on the “true ownership” of assets.
Mallya, accused of defaulting on loans of over Rs 9,000 crore, was on January 5 declared a fugitive economic offender by special Judge M S Azmi of the PMLA Court.
A fugitive economic offender is a person who has fled the country to avoid arrest and prosecution for economic offences of Rs 100 crore and above.