Technoglitch
Core Member
UB Group chairman Vijay Mallya was on Wednesday convicted by a local court in Hyderabad in a cheque-bouncing case against the grounded Kingfisher Airlines Ltd. A fresh non-bailable warrant has been issued against the former liquor baron.
The local court is expected to pronounce the quantum of sentence on 5 May, according to a report by Asian News International (ANI).
The Press Trust of India has also reported that Mallya was convicted by a Hyderabad court in connection with alleged dishonour of cheques amounting to Rs50 lakh to GMR Hyderabad International Airport Ltd (GHIAL), which is run by the GMR Group.
Mint could not independently verify this information.
This is the second non-bailable warrant against Mallya in last three days.
A special court on Monday had issued a non-bailable warrant against Mallya, as investigators and creditors strive for the return of the embattled businessman from abroad.
Vijay Mallya convicted in cheque-bouncing case by Hyderabad court - Livemint
The local court is expected to pronounce the quantum of sentence on 5 May, according to a report by Asian News International (ANI).
The Press Trust of India has also reported that Mallya was convicted by a Hyderabad court in connection with alleged dishonour of cheques amounting to Rs50 lakh to GMR Hyderabad International Airport Ltd (GHIAL), which is run by the GMR Group.
Mint could not independently verify this information.
This is the second non-bailable warrant against Mallya in last three days.
A special court on Monday had issued a non-bailable warrant against Mallya, as investigators and creditors strive for the return of the embattled businessman from abroad.
Vijay Mallya convicted in cheque-bouncing case by Hyderabad court - Livemint
