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Non-bailable warrant against Mallya after cheques bounce

Source : AGENCIES
Last Updated: Fri, Oct 12, 2012 09:53 hrs
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Hyderabad: The high-flying Vijay Mallya has indeed come crashing down.

The 56-year-old, whom Forbes still values at $1 billion on its website,  has now been issued a non-bailable warrant by a Hyderabad court.

This came after four cheques of  Rs 10.3 crore issued by Mallya's struggling Kingfisher Airlines to the builders of the Hyderabad International Airport GMR bounced.

GMR Hyderabad International Airport Ltd (GHIAL) filed the case in August.

The court issued the warrant after Mallaya failed to appear despite summons issued to him. The liquor baron reportedly sought exemption from personal appearance as he was abroad.

The respondents in the case include Kingfisher, its chairman Mallya and CEO Sanjay Agarwal.

Kingfisher had issued cheques to GHIAL towards airport user charges which include parking, landing and navigation charges.

The crisis-hit airlines faces similar cases in Mumbai and Delhi after the airport operators moved the court over dishonoured cheques.




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