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SC issues notice to ED on Mallya's plea, refuses to stay proceedings against him

ANI  |  New Delhi [India] 

The on Friday issued a notice to the (ED) on a plea filed by seeking a stay on the proceedings initiated by the ED to declare him a fugitive economic offender and confiscate his assets.

A bench of Ranjan Gogoi, Justice asked the ED to file a response on Mallya's plea seeking to ward off the "fugitive" tag against his name.

The bench, however, refused to stay the proceedings initiated by the ED.

The promoter of defunct today filed an appeal against the Bombay High Court's order of November 22 that rejected his plea.

A special court in on October 30 refused to stay the proceedings against under the Prevention of Money Laundering Act.

is facing money-laundering charges in the after initiated extradition proceedings against him. Both ED and the (CBI) have filed several cases for alleged loan default against him.

The liquor baron is residing in the UK for the past two years. His extradition case is reportedly in its final stage at

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 15:37 IST