London: A London court on Monday ruled fugitive tycoon Vijay Mallya should be extradited from Britain to India, according to a Reuters report.
India wants the 62-year-old businessman, who has been in Britain, to be brought to the country to face criminal action for default on loans taken by his defunct Kingfisher Airlines. A clutch of banks want to recover about $1.4 billion they say Kingfisher owes them.
The judge will now send the case to the Secretary of State for a decision to be taken on whether to order an extradition, according to UK legal experts, report news agencies.
The judge’s decision to send the case to UK Home Secretary Sajid Javid can be appealed with the UK High Court’s permission, with Mallya entitled to make an application for permission to appeal to the High Court within 14 days of the date of the Chief Magistrate’s ruling.
“In case the individual concerned does not file an appeal, and Secretary of State agrees with the magistrate’s decision, then the individual must be extradited from the UK within 28 days of the Home Secretary’s extradition order. This will also apply if an appeal lodged by either party in the High Court is unsuccessful, but the 28 days will commence from the date when the appeal hearing was concluded,” Pavani Reddy, a UK-based legal expert and Managing Partner of Zaiwalla & Co, told news agency PTI.