PMLA court issued nonbailable warrant against Vijay Mallya

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Non-bailable warrant against Vijay Mallya - Last week, on the request of the Enforcement Directorate (ED), the government suspended Mallya’s passport. The PMLA court on Monday issued a non-bailable arrest warrant (NBW) against him.

Earlier a Hyderabad court had issued four NBWs in a cheating case. Despite the NBWs, his arrest depends on whether the authorities will be able to deport him from the UK.

The lenders failed to act with a sense of urgency, to be specific until late last year when they woke up to see the problem and tagged Mallya as a wilful defaulter and pressed for action by seeking legal recourse.

Vijay Mallya case is indeed critical for banks. But, this is just one case in the pile of bad debts.
PMLA court issued nonbailable warrant against Vijay Mallya PMLA court issued nonbailable warrant against Vijay Mallya Reviewed by OnlyHeadlines Senior Writer on Monday, April 18, 2016 Rating: 5

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