As Vijay Mallya fights his extradition back to India on fraud charges, another set of lawyers is trying to overturn a ?1.15 billion ($1.5 billion) worldwide freezing order against him across town. In the meantime, Mallya has to get by on ?5,000 (Rs 4.3 lakhs) a week, Bloomberg citing court documents reported.?
On Friday, a London judge upheld the injunction, served on Mallya Sunday, but granted a short extension to respond to the order because of the parallel proceedings over his extradition.?
AP
The flamboyant businessman is accused by more than a dozen Indian banks, including the state-owned IDBI Bank Ltd., of willfully defaulting on about $1.4 billion in debt for his now-defunct Kingfisher Airlines Ltd.?
Mallya was arrested in London in April at the request of Indian authorities. The 61-year-old is currently in the middle of a two-week extradition hearing in a bid to avoid being sent back to his home country to face fraud and money laundering charges.?
A judgment on Mallya's extradition could take several weeks. The hearing has attracted dozens of journalists due to his high-profile in India where he's often referred to as the "King of Good Times."?
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