Court orders Mallya to appear on next hearing in July
The metropolitan magistrate's court in suburban Andheri was hearing applications filed by Airports Authority of India (AAI).
A court hearing a cheque bounce case against promoter of defunct Kingfisher Airlines Vijay Mallya on Saturday directed him to appear before it on the next hearing in July, failing which it will issue a warrant against him.
The metropolitan magistrate's court in suburban Andheri was hearing applications filed by Airports Authority of India (AAI) against M/s. Kingfisher Airlines in connection with two cheques of Rs 100 crore which were dishonoured.
"Ensure that the accused is present by the next date of hearing failing which the court will issue warrant against him," said magistrate A A Laulkar and posted the hearing for July.
The two applications filed by AAI sought cancellation of permanent exemption from court appearance granted to Mallya, who has since left the country amid an outcry over his airline defaulting on repayment of over Rs 9,000 crore to the banks, and sought an arrest warrant against him.
AAI's lawyer had on Friday argued in the court that in view of cancellation of Mallya's passport, his lawyer may not be able to produce him in the court if the court orders so.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
08:02 PM IST