PMLA case: No more time can be given to Vijay Mallya to respond, says ED

Liquor baron Vijay Mallya's lawyer on Monday sought more time to file reply on the Enforcement Directorate's notice in connection with the Prevention of Money Laundering Act (PMLA) Appellate Tribunal case.

The lawyer argued that he has not received some of the notices till date despite him sharing his Mauritius address.

In response to this, the ED lawyer argued that as per the law, no more time could be given to Mallya for response on the application, adding that even the court is powerless to give time beyond one week as mandated by the Fugitive Offenders law.

On August 25, the Central Bureau of Investigation (CBI) countered charges leveled by Mallya that condition in Mumbai's Arthur Road Jail is "inhuman" by submitting a video in London's Westminster Magistrates Court, which showed proper facility in the Cell Number 12, where the absconding businessman would be lodged after extradition.

Vijay Mallya loses $1.55-bn 'asset freeze' case: All you need to know

In a major blow to business tycoon Vijay Mallya, a UK high court on Tuesday ruled in favour of Indian banks seeking to collect more than $1.55 billion from him. The court refused to overturn an Indian court's worldwide order for freezing of Mallya's assets.

Mallya and his now defunct Kingfisher Airlines are embroiled in several court cases ranging from money laundering to tax evasion and loan defaults. The tycoon has been on an self-imposed exile in the UK since he left India on March 2, 2016.

What the judgment implies

The UK high court judgment will enable banks to enforce an earlier judgment of an Indian court against Mallya's assets in England and Wales. The worldwide freezing order prevents Mallya from "removing any assets from England and Wales up to that value or to in any way dispose of, deal with or diminish the value of his assets in or outside of this jurisdiction, up to the same value".

Who were the applicants?

The litigation in the Queen's Bench Division of the commercial court in England's High Court of Justice lists State Bank of India, Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co Pvt Ltd as applicants.