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New Delhi<\/strong>: A special court in Mumbai has issued a non-bailable warrant (NBW) against a fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).<\/p>\n The NBW was issued on June 29 by special CBI court judge SP Naik Nimbalkar and a detailed order was made available on Monday.<\/p>\n Citing other non-bailable warrants issued against the 68-year-old businessman after considering CBI submission, and his status as a \u201cfugitive\u201d, the court noted, \u201cthis is a fit case to issue an open-ended NBW against him to secure his presence\u201d.<\/p>\n The CBI, probing the case, has claimed the promoter of the now defunct Kingfisher Airlines caused a wrongful loss of more than Rs 180 crore to the government-run bank by \u201cwilfully\u201d defaulting in payments.<\/p>\n The liquor tycoon, who has already been declared a fugitive economic offender in a money laundering case probed by the Enforcement Directorate(ED), currently resides in London and the Indian government is seeking his extradition.<\/p>\n The warrant was related to a cheating case registered by the CBI for the alleged diversion of loans availed by the then-operational Kingfisher Airlines from IOB between 2007 and 2012.<\/p>\n As per a chargesheet filed in the case in the court recently by the central agency, these credit facilities were issued to the grounded private carrier by the bank under an agreement.<\/p>\n<\/div>\n [ad_2] [ad_1] New Delhi: A special court in Mumbai has issued a non-bailable warrant (NBW) against a fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB). The NBW was issued on June 29 by special CBI court judge SP Naik Nimbalkar and a detailed order was made available […]<\/p>\n","protected":false},"author":1,"featured_media":32544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-32543","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nation"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/07\/th.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/32543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=32543"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/32543\/revisions"}],"predecessor-version":[{"id":32545,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/32543\/revisions\/32545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/32544"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=32543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=32543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=32543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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