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Court Issues Non-Bailable Warrant Against Mallya

  •   Fri, Oct 12 2012 03:30:15 PM

Court Issues Non-Bailable Warrant Against Mallya


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Hyderabad, Oct 12 (IANS): A city court Friday issued a non-bailable warrant against business tycoon Vijay Mallya and five others in a cheque bounce case.

The 13th Metropolitan Sessions Court issued the warrant against crisis-hit Kingfisher airlines in a case filed by GMR Hyderabad International Airport Ltd (GHIAL), which manages the Rajiv Gandhi International Airport here.

The case was filed in August by GHIAL after four cheques of Rs.10.3 crore issued by Kingfisher towards user charges bounced.

The court issued the warrant after Mallaya failed to appear despite summons issued to him. The liquor baron reportedly sought exemption from personal appearance as he was abroad.

The respondents in the case include Kingfisher, its chairman Mallya and CEO Sanjay Agarwal.

Kingfisher had issued cheques to GHIAL towards airport user charges which include parking, landing and navigation charges.

The crisis-hit airlines faces similar cases in Mumbai and Delhi after the airport operators moved the court over dishonoured cheques.
  

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Comment on this article

  • Ronald D, Udupi

    Sat, Oct 13 2012

    Latest Corporate Lingo: When 50 laks becomes 500 crores in a short time is called 'Va*ra', Opposite is called King F.!!

    DisAgree Agree [1] Reply Report Abuse

  • P. Shivaram Shetty, Mannagudda.

    Sat, Oct 13 2012

    Vijaya Mallya - When U were just 22 yrs old boy, U went to your family temple near Bantwal with Ur father Vital Mallya. There the Priest asked you both to donate one ceiling Bell for the temple. U suddenly jumped out and told Ur secretary to donate 100 bells on Ur behalf. But Ur father Vittal intervened and told U that the Priest has asked for only one Bell and also this small temple requires only one bell, and U should not be extravagant anywhere whether it is temple or business, do only what is quite necessary and give only what is required.
    Had U remembered this sane advice of Ur father, today U would not have been in trouble.

    DisAgree [1] Agree [5] Reply Report Abuse

  • Arun , Belman

    Sat, Oct 13 2012

    KING OF GOOD TIMES-MALLYA'S EMPIRE IS BREAKING..?!! VERY SURPRISING TO READ THAT FLYKF LOST ITS FAME IT HAD 2-4 YEARS EARLIER BEING TOP BEST AIRLINE IN TERMS OF CUSTOMER SERVICE & PASSENGER TURNAROUND.
    I FEEL THERE IS SOME HIDDEN AGENDA BEHIND THIS LOCKOUT OF LIQUOR BARONS AVIATION ENTITY, DAAL ME KUCH KAALA HAI!

    DisAgree [2] Agree [8] Reply Report Abuse

  • Arun Shetty, Manchakal

    Sat, Oct 13 2012

    Dear Daiji readers, please note that King Fisher is an Limited Company. Mallya had sold part of his share holding with huge profit while listing the company. After listing the company healong with his management enjoyed all the facilities from the company. The loss is for common share holders who bought the shares at higher price and also common citizens who has shares of banks who gave huge loan to the airlines.Now company will be bankrupt and Mallya need not pay anything from his pocket even though he has Billions of personal wealth. This is Indian corporate law. Poor readers are sympathising with the businessman without knowing such things. Most of the Limited company management is same. With share holding of 10 to 50 percent they are enjoying all the facilities.

    DisAgree Agree [1] Reply Report Abuse

  • Mera Bharath Mahan, Mangalore

    Sat, Oct 13 2012

    Among the country’s three listed airlines also, Kingfisher CEO Sanjay Agarwal’s pay package was the second highest in the last fiscal ended March 31, 2012, as per the remuneration details provided in their annual reports. But when it’s come for normal staff there is no pay.....

    DisAgree Agree [5] Reply Report Abuse

  • Thomas C., Mangalore / Dubai

    Sat, Oct 13 2012

    Guys, if you can not help him, please do not comment bad about him.
    Dear sir, I can not help you financially. I pray almighty to help you to come out of these problems. I will happy to see you again "Vijay Mallya" a successfulful businessman from D.K. district.

    DisAgree Agree [2] Reply Report Abuse

  • avani, mlore

    Sat, Oct 13 2012

    KF's CEO reportedly one of the hoghest paid CEOs in airline industry. If he could not bring the Airline out of trouble all these years, Mr. Mallya should think of revamping his management team including replacing CEO. In many companies CEOs work for their own perks and benefits rather than in Co's interest. As long as the Co's profitability and liquidity is good these CEOs keep on increasing their pays. Once the Co is into trouble they will not even know about what to do. It is disgusting that the crisis was dragged to this level instead of being addressed at the initial stages itself. There looks to be serious flaw in planning, forecasting and monitoring at the macro level.

    DisAgree Agree [9] Reply Report Abuse

  • Rakesh shetty, mangalore

    Sat, Oct 13 2012

    GOOD MOVE SEND ALL TO JAIL. WHY NO ACTION AGAINST VADRA,RAHUL AND OTHER UPA TEAM MEMBER?

    DisAgree [24] Agree [8] Reply Report Abuse

  • Dinesh, Bengaluru

    Sat, Oct 13 2012

    We done Mr Mallya, You will get 10 year term. Our indian well learned lawyers will do the orgivement that cheque is theft from your custody law is logically adequate wine. The section 138 will settle is 90 days but after judgement the Criminal apheal should not settle in 90 days it will get more 5 years this is indian law

    DisAgree [3] Agree Reply Report Abuse

  • morrisdgr8, m'lore

    Sat, Oct 13 2012

    Hats Off to you Prem Colaco of Sakleshpur. 1 person is enough to spoil 20! 20 people are not required to spoil 1. Aatleast You have expressed good views/advice as a good Christian and few others behaved like.. "the Thieve next to 'Jesus" on the Cross.

    DisAgree [1] Agree [3] Reply Report Abuse

  • Dinesh Salian, Mangalore

    Sat, Oct 13 2012

    Mallya cannot play against GMR . He is in real trouble now.

    DisAgree [1] Agree [7] Reply Report Abuse

  • Evans Christopher Sumitra, Udupi/New York, USA

    Sat, Oct 13 2012

    Rudolf, I fully agree with your comment. This should not happen to the worst enemies. He had all the name and fame but everything vanished like magic.

    DisAgree [3] Agree [10] Reply Report Abuse

  • Hiren Mascarenhas, Mangalore / DXB

    Sat, Oct 13 2012

    Looks like all those doors he donated to the temples are not helping him. Since he is famous for Wine (UB) and Women he will be left only with that.

    DisAgree [1] Agree [5] Reply Report Abuse

  • Charles D'Mello, Pangala

    Sat, Oct 13 2012

    Vijay Mallya has employed useless managers of the airline and he has to face this for his mistake employing bunch of idiots.

    DisAgree Agree [7] Reply Report Abuse

  • JerryMoras.com, Calgary, Canada

    Sat, Oct 13 2012

    Risks, cheque bouncing is part of business Part of ups and down Don't worry too much on this. Still airline running thier business. It is you n me need to worry when when we are not in business and no other income and cheques starts to bounce. Normally business person has portfolio they don't put all eggs in one basket.

    DisAgree Agree [1] Reply Report Abuse

  • Roshan Braganza, Udyavar / Mumbai

    Fri, Oct 12 2012

    Non bailable warrants are just for namesake and invoke fear. Person can easily get warrant in court , even for non bailable offences . Difference betwean bailable and non bailable , in previous police themself can issue bail orders. It vl b cake walk for malya. Eg: violation of child marriage act is non available , but one can get bail from court with the surity of amount. If u have money , u get bail.

    DisAgree [1] Agree [12] Reply Report Abuse

  • Cynthia, Moodbidri

    Fri, Oct 12 2012

    What will happen to tippu's sword? will it come back to India? or it loose imp just like tippu?

    DisAgree [5] Agree [17] Reply Report Abuse

  • KRPrabhu,

    Fri, Oct 12 2012

    @Bulsam,Mangalore
    It is easy for people like you and me to write mindlessly according our standard.Pl thousands of people are earning their daily bread across the country due to him.
    Mallya is a king and remain as King only for ever.Also don't forget that even he sells the Tippu sword brought from London under auction he can comeout of the crisis at once.

    DisAgree [11] Agree [39] Reply Report Abuse

  • Dominic Dsouza, Mangalore

    Fri, Oct 12 2012

    This is what happens when you live beyond your means ! I understand that his palatial villa in Los Angeles too is up for sale.

    DisAgree [7] Agree [17] Reply Report Abuse

  • Bulsam, Mangalore

    Fri, Oct 12 2012

    Jaisi Karni Wasi Bharni.

    DisAgree [27] Agree [7] Reply Report Abuse

  • Rudolf, Mumbai/Bantwal

    Fri, Oct 12 2012

    Mr. Mallya is really facing the toughest crisis of his life! He has done his best to keep the airline afloat, but things took a change for the worse and irreparable! Now no businessman would sell an 'inherited business' on which his existence depends and pump the entire money to bail out KFA with no guarantee of any profits for another 5 years!! I agree with Dr. Kamath-Mumbai views! When the going was good there were 1000s of freinds and well wishers to fan him today when he is in deep trouble, the same people are not even ready to take his name!!This is the harsh reality of life which one has to experience, coz to talk it is easy!! As they say "Success has 100 fathers, failure has none"!!

    I think nobody has a right to talk about anybody's personal life! All businessmen are almost the same, but VM is open & flamboyant, not secretive!

    I hope and pray something works out and both he and KFA are bailed out soon!!

    DisAgree [1] Agree [36] Reply Report Abuse

  • KRPrabhu,

    Fri, Oct 12 2012

    I have no even slightest doubt in mind that sri Vijaya Mallya business tycoonwill bounce back to normalcy sonner or later as the situation in KFA is of technical nature only.As rightly asserted by Dr.Kamath, rich businessman like Mr.Mllya is an assest to any state.He is pride of our state in particular and country in general.Thousands of people will continue to earn their bread through his various business ventures through out.Bad times will turn into favourable very soon.

    DisAgree [4] Agree [22] Reply Report Abuse

  • Abdul Samad, Udupi

    Fri, Oct 12 2012

    He is a successful business man. Knows very well how to overcome from all this losses. Nothing to worry about it as it is just a matter of time and he will be back on track.

    DisAgree [6] Agree [23] Reply Report Abuse

  • Prem Colaco, Sakleshpur/Muscat

    Fri, Oct 12 2012

    KING OF GOOD TIMES IS INDEED FALLEN INTO KING OF BAD TIMES".
    WITH ALL RESPECTS TO MR MALLYA,
    I SUGGEST SOME COST CUTTING MEASURES & CHANGES.
    STOP EXTRAVAGANT PARTIES.PEOPLE WILL ONLY DRINK,ENJOY BEING HIGH & FORGET KF & U THE NEXT DAY !

    STOP UR SLEAZY CALENDAR GIRLS PHOT0 SHOOTS,PRINT CALENDARS SUITABLE FOR ALL GROUPS & WHICH CAN BE DISPLAYED AT ALL HOMES & OFFICES.YOU WILL GAIN RESPECT & PUBLICITY!!

    START FLIGHTS TO GULF ENABLING NRI's TO TRAVEL INTO & OUT OF MANGALORE(GAIN REVENUE)... AFTER ALL YOU ARE OUR MAN.

    DisAgree [5] Agree [31] Reply Report Abuse

  • Vicky, Dubai

    Fri, Oct 12 2012

    Money & power are very intoxicating specialy when you fail see the real reason behind people's respect, fear & love. One stoke of bad luck is enough to brake down & fall on your knees. One should trust God & celebrate both success & failure equally. Cheers..!!!

    DisAgree [2] Agree [18] Reply Report Abuse

  • Dr S Kamath , Mumbai

    Fri, Oct 12 2012

    Business is like riding a Tiger .When the businessman sits on the tiger everybody respects him .The moment he comes down from the Tiger the same tiger may eat him and the people around will Laugh at him so sad .Crisis ridden MCF was purchased by same Vijay Mallya and was revived to make a profit making company today .Tippus Sword was brought back to India by same Vijay Mallya .A rich businessman is like a Jewel for any State -Kingdom or Country .I pray God he should come out of this bad things

    DisAgree [3] Agree [58] Reply Report Abuse

  • M.KAPPA, Bhatkal, Jeddah

    Fri, Oct 12 2012

    Next year, the Kingfisher calendar will be even better since they don't have money to buy even bikinis for models.

    DisAgree [8] Agree [39] Reply Report Abuse

  • HENRY MISQUITH, M'lore

    Fri, Oct 12 2012

    Calenders, expensive models, lavish parties and IPL cricket team, but doesn't have money to pay his airline staff. This should teach him a primary lesson.

    DisAgree [5] Agree [26] Reply Report Abuse

  • Melwyn D'Souza, Mangalore/Dubai

    Fri, Oct 12 2012

    These are all drama, buy the KFA shares and keep it.

    DisAgree [6] Agree [29] Reply Report Abuse

  • Ravi Hemmady, Barkur, Muscat

    Fri, Oct 12 2012

    When bad time comes nobody is there,same thing for Vijaya Mallya today his time is very bad. one time he was very rich man that time everybody was behind him see today nobody there to help him out,even Goverment is not ready to help this Tycoon. His good days will come back.

    DisAgree [11] Agree [40] Reply Report Abuse

  • nagesh nayak, bangalore

    Fri, Oct 12 2012

    THIS IS VERY SAD.

    IN INDIA DIFFERENT LAW FOR DIFFERENT PERSONNEL.

    RS. 85 CRORES LOAN WITHOUT INTERSET
    NO ACTION & NO ENQUIRY.

    DisAgree [76] Agree [24] Reply Report Abuse

  • Aadil Khan, Kasaragod, Saudi Arabia

    Fri, Oct 12 2012

    Stop printing the calendars with pictures of sleazy and scanty clothed models and advise Siddarth to stop gifting pricy apartments. One being extravagant lands him in deep financial troubles.

    DisAgree [8] Agree [44] Reply Report Abuse

  • Ahmed, Mangalore

    Fri, Oct 12 2012

    Dr. Mallya is really going through a very very bad time.

    DisAgree [7] Agree [39] Reply Report Abuse

  • GERALD, MODANKAP

    Fri, Oct 12 2012

    THESE ARE ALL THE DRAMAS TO SAVE THE MONEY FROM TAX !!!! OTHERWISE !! WHY NOT COMPETENT AUTHORITY IS DECLARING HIM AS BANKRUPTED !!

    DisAgree [8] Agree [70] Reply Report Abuse


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