Fugitive businessman Vijay Mallya' plea against the orders of his extradition to India was declined by a UK High Court on Monday. the former owner of Kingfisher Airlines had filed an application in the High Court after Sajid Javid the UK home secretary signed on a Westminister Magistrates court order for his extradition in February.
The spokesperson for the UK judiciary said, "The application for permission to appeal was refused by Mr Justice William Davis on 05/04/2019. The appellant (Mallya) has five business days to apply for oral consideration. If a renewal application is made, it will be listed before a High Court judge and dealt with at a hearing. "
As his plea has been rejected by the High Court, Mallya has the option of 'renewal'. The above said renewal process will lead to a brief oral hearing. During the oral hearing, Mallya's legal team and the Crown Prosecution Service (CPS), acting on behalf of the Indian government will renew their claims for and against an appeal for a judge so that he can decide as to if it can proceed for a full hearing.
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These developments have come post the fugitive's asked the officials to cut down his personal expenses to pay off debt that his inoperative Kingfisher Airlines owes to the Indian banks.
SBI's lawyers on Wednesday informed a London court that Mallya lawyers have told State Bank of India that their client is willing to cut his spending to £29,500 on monthly basis. The 63 year old's inoperative airlines owes a total of £1.142 billion ($1.5 billion) to the State Bank of India. He is currently spending an approximate of £18,300 per week.
Vijay Mallya has been accused of willfully defaulting on debts of Kingfisher Airlines founded in 2005 and woundup in 2012. Mallya has been in the UK since March 2016 and is on bail since April 2017 extradition warrant which was executed by Scotland Yard.