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Tuesday
November 2018
11:40 PM IST
News Headlines
Preparing for Australia tour by watching videos: Shami        India invites Swedish companies to explore investment opportunities        Govt cancels ED officer Rajeshwar Singh's leave        175 dead, over 10,000 affected by Nigeria cholera outbreak        Lankan parties move SC against Parliament dissolution by Prez Sirisena        Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions        PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail        70 per cent turnout in first phase of Chhattisgarh polls: EC        Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)        Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son        Death toll hits 25 from wildfires at both ends of California        "Nationalism Betrayal Of Patriotism": Emmanuel Macron, Trump By His Side        3rd T20: Dhawan, Pant take Ind to victory, series win        FC Goa beat Kerala Blasters 3-1 in ISL        One killed, several injured in stabbing attack in Melbourne: Police        Journalists beware: After Bloomberg bots, AI news presenter debuts in China        Harmanpreet Kaur’s record century headlines India’s big win over NZ in opener        Mumbai City end NorthEast United’s unbeaten run        Chelsea beat BATE 1-0 in Europa League        Srikanth enters pre-quarterfinals of China Open        
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International News
Vijay Mallya's UK Home Can Be Searched, Assets Seized In Win For Banks
 
(London, July 05, 2018):Fugitive tycoon Vijay Mallya's home can be searched and his assets can be seized as a means of recovering the money he owes banks in India in unpaid loans, following an enforcement order by a UK judge.

The enforcement order gives 13 banks the legal option of entering the properties of Vijay Mallya, who is fighting extradition to India on fraud and money-laundering charges.

A UK enforcement officer "may use reasonable force to enter the property if necessary," it says.

The banks can now enforce the Indian court ruling freezing his wealth in England and Wales.

The order allows the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire near London. The officer and his agents can enter Mr Mallya's home in Ladywalk and Bramble Lodge in Tewin, Welwyn. Banks have the option to use the order to recover estimated funds of around Rs. 9,000 crores.

"The High Court Enforcement Officer, including any enforcement agents acting under his authority, may enter Ladywalk, Queen Hoo Lane, Tewin, Welwyn and Bramble Lodge, Queen Hoo Lane, Tewin, Welwyn, including all outbuildings of Ladywalk and Bramble Lodge to search for and take control of goods belonging to the First Defendant (Mallya)," notes the June 26 order by Justice Byran.

India's extradition case comes up in a UK court on 31 July.

In May, the UK High Court had refused to scrap a worldwide order freezing Mallya's assets; the court upheld the Indian court's ruling that banks were entitled to recover funds.

It marked the first recorded case of a judgment of the Debt Recovery Tribunal (DRT) in India being registered by the British High Court, which set a legal precedent.

Mallya has made an application in the Court of Appeal seeking permission to appeal against the order, which remains pending.

Last month, Mallya said in a statement that he had sought approvals from a court in Karnataka to sell seized assets worth Rs. 13,900 crores to repay creditors including banks. He also released a two-year-old letter to Prime Minister Narendra Modi and said he was "making every effort" to settle his dues but he had been made the "Poster Boy" of bank default and a lightning rod for public anger.

The liquor baron flew to the UK in 2016, when the banks had just launched efforts to recover dues from him.


175 dead, over 10,000 affected by Nigeria cholera outbreak
Lankan parties move SC against Parliament dissolution by Prez Sirisena
Death toll hits 25 from wildfires at both ends of California
"Nationalism Betrayal Of Patriotism": Emmanuel Macron, Trump By His Side
One killed, several injured in stabbing attack in Melbourne: Police
Journalists beware: After Bloomberg bots, AI news presenter debuts in China
Russia says it thwarted drone attacks at World Cup
Pak PM Imran Khan wishes Hindu community on Diwali
UK opens up armed forces recruitment to more Indians
US midterms: Key factors that will drive verdict on 21 months of Trumpism
India, China Among 8 Countries Exempt From US Sanctions On Iran Oil
"Help Us Exit From Pakistan": Asia Bibi's Husband Asks Trump For Refuge
Sri Lanka's ousted PM says US, Japan freeze aid over political crisis
New Caledonia votes to remain French in referendum
Seven dead in attack on bus carrying Egyptian Christians
Prior approval required for bringing medicines to UAE? Ministry clarifies
Israel defends Trump amid synagogue shooting criticism
N Korea readying nuclear site for inspectors: S Korea report
Born in the USA? Trump could soon ensure that's not enough for citizenship
Supporters of former Sri Lanka PM protest against his sacking in Colombo, burn effigies of President Maithripala Sirisena
ENTERTAINMENT NEWS
Vaikom Vijayalekshmi ties knot with Anoop
 Vaikom: Playback singer Vaikom Vijayalekshmi has tied knot with Anoop N. at Vaikom Mahadeva temple.  
Mohanlal's Odiyan: Official trailer launched
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
KERALA NEWS
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
 Thiruvananthapuram, OCT 27: As the number of people arrested for allegedly being involved in violent
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
NATIONAL NEWS
Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions
 New Delhi, Nov 12 (PTI) What happens when air pollution levels in the national capital are 'severe'
PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail
Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)
Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son
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