Non-bailable arrest warrant issued against Vijay Mallya
A special magistrate court here on Friday issued a non-bailable arrest warrant (NBW) against the Chairman of Kingfisher Airlines, Vijay Mallya, and four other directors for non-appearance in cases relating to bouncing of cheques issued in favour of GMR Hyderabad International Airport Limited (GHIAL) towards user charges.
Four cheques totalling Rs.10.5 crore were issued since January this year to GHIAL, which operates Rajiv Gandhi International Airport here. But, they were dishonoured when presented for clearance following which legal notices were served on Kingfisher.
As the airline did not make the payment, GHIAL filed a case in the special court under the Negotiable Instruments Act in August. The court issued summons to Kingfisher Airlines, Vijay Mallya, chief executive officer Sanjay Agarwal, chief financial officer H. G. Raghunath and two others asking them to appear in the court on Friday but they did not.
The lawyer for the airline and the directors filed a petition under provisions of criminal procedure code to dispense with their personal attendance. However, the judge, L. Kedarachari, dismissed the petition and issued the NBW against the airline representative and five directors led by Mr. Mallya.
Kingfisher and GHIAL had entered into an agreement under which the former was collecting user development charges from passengers for parking, landing and navigation with regard to Hyderabad airport. The airline was supposed to remit the money to GMR but it did not.
When GMR demanded the unpaid user charges, Kingfisher issued cheques over a period of time since January, and those were dishonoured. Similar cases were said to be pending in Mumbai and New Delhi after the airport operators moved the court.
Mr. Mallya did not immediately face the threat of arrest as he could get the NBW recalled by appearing in the court before November 5 when the case is posted for next hearing or move the High Court for a temporary stay, sources said. (PTI)
Category : General | Comments : 0 | Hits : 340
Get Free Daily Updates Via e-Mail on Income Tax, Service tax, Excise and Corporate law
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000

Comments