All posts tagged: Fugitive Economic Offenders Act

Return to India if you want relief, HC tells Vijay Mallya

Return to India if you want relief, HC tells Vijay Mallya

MUMBAI: The Bombay High Court on Thursday directed fugitive businessman Vijay Mallya to clarify when he intends to return to India, stating that it was granting him “one more opportunity” before passing orders for non-compliance. Vijay Mallya has a break outside the court house as he waits for his extradition case to be heard at Westminster Magistrates Court, in London, Britain, December 10, 2018. REUTERS/Peter Nicholls (REUTERS) The remarks were made during the hearing of a petition filed by the liquor baron challenging his status as a fugitive economic offender. The former MP has questioned the constitutional validity of certain provisions of the Fugitive Economic Offenders (FEO) Act, under which he was designated a fugitive, and has sought various reliefs. A division bench of chief justice Shree Chandrashekhar and justice Gautam Ankhad reiterated the court’s earlier position that it will hear his petition only after he returns to India. In December last year, the court had made it clear that it would not hear his challenge to the FEO Act unless he first submitted to …

‘Come Back To India First’: Bombay HC Asks Vijay Mallya On His Plea Against Fugitive Tag | India News

‘Come Back To India First’: Bombay HC Asks Vijay Mallya On His Plea Against Fugitive Tag | India News

Last Updated:December 23, 2025, 20:11 IST In January 2019, a special court under the Prevention of Money Laundering Act (PMLA) declared Vijay Mallya a Fugitive Economic Offender. Fugitive liquor baron Vijay Mallya. (AP File Image) The Bombay High Court on Tuesday questioned fugitive businessman Vijay Mallya regarding his plans to return to India. The court informed Mallya’s counsel that his plea challenging the Fugitive Economic Offenders (FEO) Act would not be heard unless he submitted himself to the court’s jurisdiction. Mallya, who has been residing in the UK since 2016, has filed two petitions in the High Court. One petition challenges the order declaring him a fugitive economic offender, while the other contests the constitutional validity of the 2018 Act. The High Court posed this question to the 70-year-old liquor baron, who is wanted in India on fraud and money laundering charges, during the hearing of his petitions. The bench, comprising Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad, made it clear to Mallya’s counsel, Amit Desai, that it would not hear his plea against …

‘Fugitive Offenders Like Vijay Mallya, Nirav Modi Owe Banks Rs 58,000 Crore’: Centre Reveals Details | India News

‘Fugitive Offenders Like Vijay Mallya, Nirav Modi Owe Banks Rs 58,000 Crore’: Centre Reveals Details | India News

Last Updated:December 01, 2025, 23:35 IST The Centre said banks had recovered Rs 19,187 crore so far, through a mix of asset seizures and liquidation proceedings Vijay Mallya (left) and Nirav Modi. (File) The government on Monday placed major details before Parliament on the massive sums owed to Indian banks by fugitive economic offenders, revealing a total outstanding amount of Rs 58,000 crore. This includes both principal and accumulated interest, according to the data submitted. The Centre said banks had recovered Rs 19,187 crore so far, through a mix of asset seizures and liquidation proceedings. A total of 53 instances of fugitive economic offences have been flagged, featuring some of the most high-profile names accused of defrauding India’s banking system — Vijay Mallya, Nirav Modi, and the Sandesara family among them. According to the details shared, Vijay Mallya owes Rs 22,065 crore to various banks, out of which the banks have recovered over Rs 14,000 crore through asset seizures and liquidations. Nirav Modi owes Rs 9,656 crore and several others cumulatively push the total outstanding …