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.
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