Non-bailable warrant against Mallya

Image
BS Reporter Hyderabad
Last Updated : Jan 25 2013 | 5:33 AM IST

A city special magistrate court on Friday issued non-bailable warrants against Kingfisher Airlines CMD Vijay Mallya and other senior officials of the company in a cheque bounce case filed by GMR Hyderabad International Airport Ltd eight months ago.

The court issued these orders, citing non-appearance of the parties when the case came up for hearing the first time after the complaint was lodged under Section 138 of the Negotiable Instruments Act. The warrants were also issued against Kingfisher CEO Sanjay Agarwal and CFO A Raghunathan.

GMR had filed four complaints pertaining to four separate cheques. All of those were listed for hearing on Friday. These cheques were issued for payment of Rs 10.50 crore collected from passengers through passenger service fee and user development fee, GMR counsel J P Chennakeshava Rao said.

As the court has posted the next hearing on November 6, Mallya and others have to approach the court before that to get possible relief from the execution of the warrants.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 13 2012 | 12:39 AM IST

Next Story