Now Reading: Bombay HC seeks ED reply on Vijay Mallya’s 2020 plea
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Bombay HC seeks ED reply on Vijay Mallya’s 2020 plea
The Bombay high court on Wednesday told the Enforcement Directorate to file an affidavit on whether the settlement process with Vijay Mallya is complete, noting that the long-running dispute over dues recovery…
The Story in Brief
The Bombay high court on Wednesday told the Enforcement Directorate to file an affidavit on whether the settlement process with Vijay Mallya is complete, noting that the long-running dispute over dues recovery must be brought to an end. Mallya's lawyer argued that his 2020 petition against asset seizures was now redundant, as most assets had already been attached and banks recovered Rs 15,000 crore against the original claimed dues of Rs 6,203 crore plus interest.
Justice Jadhav observed that the issue needed to be settled for the sake of the economy. The court said it would decide further action after hearing ED's deputy director, while emphasising that criminal prosecution against Mallya must still continue. Mallya left India in March 2016 and has been in the UK, resisting extradition.
The Indian Opinion
Mallya's claim that banks have recovered Rs 15,000 crore against a Rs 6,203 crore debt, and that this should end the matter, conveniently ignores pending criminal charges and the fact that his assets were seized under PMLA. The narrative of 'over-recovery' masks the larger issue of wilful default and delayed justice. The key test now: will the ED's affidavit concede closure or keep the case alive, and will the courts ever bring the fugitive back?
Source: hindustantimes.com
This story was synthesised by AI from the source linked above.
