Copyright © HT Digital Streams Limit all rights reserved. Vijay Mallya, who has ended a fleeing economic offender, is a flight country to return home. What are his options? Vijay Mallya, for the first time in almost a decade since leaving India, apologized for the non-payment of salaries to Kingfisher Airlines employees. (Screengrab @youtube | Raj Shamani Podcast) Summary The fleeing founder of the dissolved Kingfisher Airlines says the Indian government has recovered much more than he owed different banks. Vijay Mallya now wants to return home and clean his name. Experts believe that he can, although his legal team would have a difficult task. Mumbai/Bengaluru/New Delhi: After almost a decade of silence, Vijay Mallya, the flashy enterprise magnate that founded one of India’s finest airlines that eventually went to Kaput and led him to declare a volatile economic offender to tell his side of the story. The ‘King of Good Times’ wants to return to India and clean up his name if he promises a ‘fair trial and a worthy existence’, he said in a podcast recorded in London, where he lived since leaving India in 2016. “We all know how long in detention and trials in India can last,” he said. “It’s not justice.” But although the former liquor baron has legal drugs available to return to India and resolve the outstanding cases against him, it will not be a smooth landing, legal experts say. “As Vijay Mallya of a plane walks in India, the legal chessboard immediately lifts,” says Ketan Mukhija, a senior partner at the Burgeon Law law firm. Mallya can voluntarily appear before the court and surrender his right to apply for bail, including anticipating bail, Mukhija said. However, Mallya’s legal team will have to dispute every existing arrest order, outlook and non-available order, with the argument based on procedural irregularities or the absence of fresh incriminating evidence, Mukhija added. Article 21 of the Constitution, which guarantees the right to life and personal freedom, including the right to a fair trial, would rule Mallya’s request for a ‘fair trial’, according to Ajay Khatalawala, managing partner at the Regfirm Little & Co. Mallya can also dispute the tag of fleeing economic offender. The label is declared by a court when an individual accused of a serious financial crime, usually large amounts, or the country flees or refuses to return to the hearing. If Mallya decides to return and surrender to India, he may submit a petition to revoke the declaration of volatile economic offender. However, the court will consider just such relief if it is satisfied that the yield is genuine and made without mala fide setup, Khatalawala said. Look at the full Beeld Vijay Mallya was also the former chairman of the United Breweries Group. (Bloomberg) who said Mallya that the Podcast Called Figuring, hosted by Raj Samani, presented in nine years of first public conversation, claiming that he did not get a chance of a fair trial by the media. He claimed to be a victim of media nationalism and political scapegoat. “I regret one thing, that is, after all my hard work, I have all the value I have created in so many different ways, the government of India and of course the media made me a zero of a hero. And it’s a fact that I had to stomach and live together, ‘he said. At a very young age, Mallya ‘was installed in the hot seat “when he became chairman of the Bengaluru-based United Breweries group after his father Vittal Mallya’s downfall in 1983. Mallya, Mallya, Kingfisher Beer built in a dominant brand with more than 50% market share. The eponymous airline that followed in 2005 was his vision to “produce the best flying experience that India has ever seen.” Air Deccan’s acquisition with a low-cost carrier in 2007 blamed Kingfisher Airline’s downfall. Mallya said the acquisition was a calculated consolidation and is not a way to bypass a rule that requires an airline to be in operation for five years before it could fly internationally. The media made me a zero of a hero. The downward spiral came after the global financial crisis in 2008. Mallya said he approached Finance Minister Pranab Mukherjee with his plan to reduce his airline. Mukherjee asked him not to reduce and promised that the airline would be supported by banks, Mallya claimed. Mukherjee died in 2020. With fuel costs and the government does not allow foreign investment in the aviation sector to further complicate Kingfisher Airlines business, Mallya said. It was “the economy, the circumstances, the government policy that then existed, all conspired to create a perfect storm through which King Fisher could not survive.” Mallya said he was not a choir (thief), and he refuted that he fled to India in March 2016 to evade the authorities after the bankruptcy of Kingfisher Airlines, demanding that he visit Geneva to attend an international conference. Under the guidance of the State Bank of India, more than £ 7,500 led to lenders by State Bank of India. It is expensive and time -consuming fights. “Look at the full Beeld Vijay Mallya launched Kingfisher Airlines in 2005 with a vision to” produce the best flying experience India has ever seen. ” If I were planning to steal, would I have promised my own shares and gave personal guarantees? “He said. Mallya claimed that banks double the amount he owed them by selling his assets back. ” But despite 15 formal requests, they didn’t give me a statement, “he said. At the podcast, Mallya apologized for the non-payment of the efforts to repay the efforts. The Karnataka High Court released £ 260 that it could pay settlements between 2012 and 2015, but they all rejected, “Mallya said. Punge Bag? ”Mallya replied to X, that the Ministry of Finance“ confirmed in writing that banks had £ 14,100 of me against a DRT (debt repair tribunal) ‘s judgment of £ 6.203 crores.
Can Vijay Mallya return home? He could. But it will not be a smooth landing.
