Mallya approaches Supreme Court against confiscation of properties

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Liquor barron Vijay Mallya approached the Supreme Court seeking stay on the confiscation of properties owned by him and his relatives. In the petition, Mallya has said that no properties other than that of Kingfisher Airlines, which faces cases of alleged irregularities should be attached. The case has been listed for hearing on July 29. Earlier on July 11, the Bombay High Court had refused to grant stay on proceedings before a special court on confiscation of Mallya’s properties. Mallya, who is currently in the UK, has been charged by the Enforcement Directorate of defaulting on bank loans to the tune of Rs 9,000 crore.

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