London:
Businessman Vijay Mallya has suffered a major setback in Britain. The British High Court has rejected his plea to go to the Supreme Court in the extradition case. With this, all the routes of the case have been closed for Malaya and it is certain that she will have to come to India now. On Thursday, the British High Court rejected Mallya's plea to go to the Supreme Court to challenge the extradition order in India to face fraud charges against Mallya's Kingfisher Airlines.
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Under the Indo-UK extradition treaty, UK Home Minister Preeti Patel can now finalize the court order to extradite Vijay Mallya to India within 28 days. Significantly, India wants to bring back 64-year-old Mallya, who has a debt of over Rs 9,000 crore. Indian officials argue that Mallya has no intention of repaying this debt, on the other hand Mallya has been denying the charges against him and is currently out on bail. This decision is being considered as a big judicial victory for the Indian government against fugitive businessman Vijay Mallya.
It seems that Mallya had realized his difficulties growing. He requested the Government of India to accept the offer to repay the entire loan amount and close the case against him. Not only this, he also appreciated the Government of India for the Rs 20 lakh crore economic package announced in the wake of the corona virus epidemic. With this, he regretted that his repeated proposal to repay the entire loan has been ignored. It is worth noting that now defaulter Kingfisher Airlines promoter Vijay Mallya is wanted in India for alleged fraud and money laundering charges.
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