Vijay Mallya to Bombay High Court: Confiscating properties draconian, will not help creditors
Updated : April 01, 2019 04:35:41 IST
Mallya had last month approached the high court challenging a January 5 order of a special Prevention of Money Laundering Act (PMLA) court declaring him a fugitive economic offender under the FEO Act.
As per provisions of the Act, once a person is declared a fugitive, his properties can be confiscated by the prosecuting agency, Enforcement Directorate (ED).
Published : April 01, 2019 04:30 PM IST