Vijay Mallya convicted in cheque bounce case

mallyaHyderabad, (IANS) A city court on Wednesday convicted now defunct Kingfisher Airlines chairman Vijay Mallya in a cheque bounce case.

The 14th Additional Chief Metropolitan Magistrate convicted the industrialist under section 138 of Negotiable Instruments Act.

The court will pronounce the quantum of punishment on May 5, said Ashok Reddy, lawyer of GMR Hyderabad International Airport Ltd. which filed the case.

The liquor baron is currently in Britain.

The court had last month issued a non-bailable warrant against him on a petition filed by GMR Hyderabad International Airport Ltd. seeking his prosecution for defaulting on payments and cheating the company by issuing cheques that bounced.

The airport officials had filed 11 cases against Kingfisher for non-payment of dues to the tune of Rs.8 crore.

Cheques issued for Rs.50 lakh had bounced and a case in this connection was filed against him under provisions of the Negotiable Instruments Act.

Connect with us



© 2012 - 2016 VIL Media Pvt Ltd. All rights reserved,
Contents of v6news.tv are copyright protected.Copy and/or reproduction and/or re-use of contents or any part thereof,
without consent of VIL Media is illegal.Such persons will be prosecuted.