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A consortium led by the Aditya Birla Group bid $1.78 billion (approximately Rs 16,706 crore) for IPL champions Royal Challengers Bengaluru (RCB).
The Bombay High Court has firmly reiterated its stance that it will not consider fugitive businessman Vijay Mallya's petition challenging the Fugitive Economic Offenders (FEO) Act until he returns to India. A bench led by Chief Justice Shree Chandrashekhar stated that Mallya must first clarify his intentions regarding returning to the country, emphasizing that his plea cannot be heard if he remains abroad and avoids court processes. Mallya, who has been in the UK since 2016 and faces fraud and money laundering charges, has filed two petitions challenging his declaration as a fugitive economic offender and the constitutional validity of the 2018 FEO Act. The court has granted him another opportunity, requiring him to file an affidavit explicitly stating whether he is ready to return, despite his counsel arguing that pleas can be heard without physical presence. The government, represented by Solicitor General Tushar Mehta, argued that Mallya should return to India first and that his challenges to the FEO Act appear to be a reaction to his impending extradition from the UK.
Earlier, the Kerala High Court had directed the Devaswom Vigilance to seize all records dating back to 1998 as part of its investigation.
The visit aims to assess prison conditions for the potential extradition of high-profile economic offenders from the UK to India.
Vijay Mallya, a fugitive from justice, owned RCB from its beginning in 2008 until 2016.
Mallya owned the RCB from the inaugural edition in 2008 until his exit from India in 2016.
Many netizens couldn't help commenting that the wedding is giving out some serious 'Bridgerton' vibes.
Mallya, who remains in Britain despite Indian efforts to extradite him following the collapse of his defunct Kingfisher Airlines, said he was 'totally devastated at the loss of my best buddy of 45 years'.
Mallya is accused in a bank loan default matter of over Rs 9,000 crore involving his defunct Kingfisher Airlines.
After a long wait. Netflix has released the investigative docuseries Bad Boy Billionaires after a legal battle that prevented the airing of the part on the Satyam Computers boss Ramalinga Raju.
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