A special CBI court in Mumbai has issued a non-bailable warrant against Vijay Mallya for non-payment of a bank loan. The warrant was issued on June 29th, 2023. The court stated that the case involves multiple loans totaling approximately Rs 180 crores, which were provided by the Indian Overseas Bank to Vijay Mallya and his company between 2007 and 2012.
The case involves a total of 10 accused, including Vijay Mallya. The FIR was registered in August 2016. Summons have been issued to all accused, but the special CBI court has issued a non-bailable warrant for Vijay Mallya specifically. This indicates that the court believes there is a significant risk that Mallya might not appear in court if released on bail.
This is a significant development in the long-running legal battle against Vijay Mallya, who has been accused of financial irregularities and loan defaults. The issuance of a non-bailable warrant increases the pressure on Mallya to return to India and face the charges against him.
