It was a stormy week for the beleaguered business tycoon Vijay Mallya. The Parliament raged over him. The Congress walked out, political parties engaged in their usual blame game, but it resulted in no positive outcome.
The liquor baron who is estimated to be worth about Rs 7,000 crore has indicated that he might not return to India at all.
On being asked he left India after being tipped off about the banks moving court, Mallya said it's a matter of interpretation and don't need anyone to tip him off about anything.
The time is not appropriate for him to return to the country now as he has already been branded as a criminal, and will not get a fair chance to present his side, Mallya said.
On Friday, the Hyderabad court issued a non-bailable warrant (NBW) against Mallya after he failed to appear in a court in connection with alleged dishonor of a cheque of Rs 50 lakh to GMR Hyderabad International Airport Ltd. The counsel for Mallya said he will move the high court seeking quashing of the NBW.
On March 10, the 14th Additional Chief Metropolitan Magistrate court issued the NBWs against the now defunct Kingfisher Airline, Vijay Mallya and another senior official of the company and posted the matter for April 13.
GMR counsel G. Ashok Reddy said there are eleven cases involving Rs 8 crore payment to GMR and the NBWs were issued in connection with a Rs 50-lakh bounced cheque.