Vijay mallya payment cheque bounces case being registered in court
|Vijay Mallya payment cheque bounces, source via - google search, business news|
Vijay Mallya cheque bounce - Two cheque bounce cases filed against businessman Vijay Mallya by GMR Hyderabad International Airport Ltd.
Two cheque bounce cases involving Rs 50 lakh each, under relevant sections of the Negotiable Instruments Act.
If Mallya still doesn’t return and face the law of the land, the Narendra Modi government should call out his bluff and convince the UK government, where he currently lives, to initiate a clampdown on Mallya.
The matter relates to cheques issued by Kingfisher Airlines Ltd to GMR Hyderabad International Airport Ltd (GHIAL), which operates Rajiv Gandhi International Airport, towards charges for using the facilities at the airport for Kingfisher Airlines flights.
TV anchors have stopped spitting fire on him for some time now and newsrooms have largely run out of ideas on the Mallya issue.
The court had earlier issued non-bailable warrants against Kingfisher Airlines, its chairman Mallya and Raghunathan on the ground of dishonouring the two cheques.
As per the GMR counsel, a total of 17 cases has been filed against Kingfisher Airlines in different courts over the outstanding amount of Rs 22.5 crore.
It is the time that the liquor baron takes a flight back and comes clean on the massive issue of loan default and alleged financial irregularities.