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Thursday
November 2018
12:13 AM IST
News Headlines
1984 anti-Sikh riots: Delhi court awards death penalty to convict, life term to another        SC expresses displeasure over leak of CBI Director Alok Verma's confidential reply        Four killed in Chicago shooting        Ivanka Trump used personal mail for government business        Women's World Boxing Championships: Mary Kom, Sonia, Lovlina, Simranjit, Enter Semi-Finals        Netherlands draw 2-2 with Germany to reach Nations League semis        Ink Thrown At Gujarat Lawmaker Jignesh Mevani, Kanhaiya Kumar        Can't Stop Salary For Not Linking Bank Account To Aadhaar, Centre Told        Germany says will bar 18 Saudis over Khashoggi murder        Google best Search engine, we keep Safari safe: Tim Cook        Zverev shocks Djokovic to win ATP Finals        England finish second in Group, to face in-form India in semis        Fresh protest in Sabarimala        Rahul Gandhi Challenges PM Modi For Debate On Rafale Deal        New bill likely to be introduced in Parliament to rechristen names of Bombay, Calcutta and Madras High Courts        TM Krishna 'celebrates democracy' at Delhi concert        Death toll rises to 76 in California fire as Trump visits        Sri Lanka president Sirisena holds all-party meeting talks to end political crisis        Pankaj wins grand double, extends world title tally to 21        England win second Test against Sri Lanka by 57 runs        
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International News
Vijay Mallya's UK Home Can Be Searched, Assets Seized In Win For Banks
 
(London, July 05, 2018):Fugitive tycoon Vijay Mallya's home can be searched and his assets can be seized as a means of recovering the money he owes banks in India in unpaid loans, following an enforcement order by a UK judge.

The enforcement order gives 13 banks the legal option of entering the properties of Vijay Mallya, who is fighting extradition to India on fraud and money-laundering charges.

A UK enforcement officer "may use reasonable force to enter the property if necessary," it says.

The banks can now enforce the Indian court ruling freezing his wealth in England and Wales.

The order allows the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire near London. The officer and his agents can enter Mr Mallya's home in Ladywalk and Bramble Lodge in Tewin, Welwyn. Banks have the option to use the order to recover estimated funds of around Rs. 9,000 crores.

"The High Court Enforcement Officer, including any enforcement agents acting under his authority, may enter Ladywalk, Queen Hoo Lane, Tewin, Welwyn and Bramble Lodge, Queen Hoo Lane, Tewin, Welwyn, including all outbuildings of Ladywalk and Bramble Lodge to search for and take control of goods belonging to the First Defendant (Mallya)," notes the June 26 order by Justice Byran.

India's extradition case comes up in a UK court on 31 July.

In May, the UK High Court had refused to scrap a worldwide order freezing Mallya's assets; the court upheld the Indian court's ruling that banks were entitled to recover funds.

It marked the first recorded case of a judgment of the Debt Recovery Tribunal (DRT) in India being registered by the British High Court, which set a legal precedent.

Mallya has made an application in the Court of Appeal seeking permission to appeal against the order, which remains pending.

Last month, Mallya said in a statement that he had sought approvals from a court in Karnataka to sell seized assets worth Rs. 13,900 crores to repay creditors including banks. He also released a two-year-old letter to Prime Minister Narendra Modi and said he was "making every effort" to settle his dues but he had been made the "Poster Boy" of bank default and a lightning rod for public anger.

The liquor baron flew to the UK in 2016, when the banks had just launched efforts to recover dues from him.


Four killed in Chicago shooting
Ivanka Trump used personal mail for government business
Germany says will bar 18 Saudis over Khashoggi murder
Google best Search engine, we keep Safari safe: Tim Cook
Death toll rises to 76 in California fire as Trump visits
Sri Lanka president Sirisena holds all-party meeting talks to end political crisis
At Least Two Killed, Eight Injured In Blast In Karachi
US, China see rival visions for entwined Asia-Pacific region
Imran Khan to visit Malaysia next week; likely to seek monetary aid
US Vice President Mike Pence takes Myanmar’s Aung San Suu Kyi to task over treatment of Rohingya
Sri Lankan Parliament passes no-trust vote against Rajapaksa
UK says Brexit deal 'almost within touching distance'
Trump criticises Macron again over European defence remarks
175 dead, over 10,000 affected by Nigeria cholera outbreak
Lankan parties move SC against Parliament dissolution by Prez Sirisena
Death toll hits 25 from wildfires at both ends of California
"Nationalism Betrayal Of Patriotism": Emmanuel Macron, Trump By His Side
One killed, several injured in stabbing attack in Melbourne: Police
Journalists beware: After Bloomberg bots, AI news presenter debuts in China
Russia says it thwarted drone attacks at World Cup
ENTERTAINMENT NEWS
Vaikom Vijayalekshmi ties knot with Anoop
 Vaikom: Playback singer Vaikom Vijayalekshmi has tied knot with Anoop N. at Vaikom Mahadeva temple.  
Mohanlal's Odiyan: Official trailer launched
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
KERALA NEWS
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
 Thiruvananthapuram, OCT 27: As the number of people arrested for allegedly being involved in violent
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
NATIONAL NEWS
1984 anti-Sikh riots: Delhi court awards death penalty to convict, life term to another
 (New Delhi, Nov 20, 2018):The Delhi Patiala House Court Tuesday awarded death sentence to Yas
SC expresses displeasure over leak of CBI Director Alok Verma's confidential reply
Ink Thrown At Gujarat Lawmaker Jignesh Mevani, Kanhaiya Kumar
Can't Stop Salary For Not Linking Bank Account To Aadhaar, Centre Told
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