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SC rejects Vijay Mallya’s plea in FERA violation case, imposes 10 lakh fine for abuse of process of law
Apoorva Mandhani
13 July 2015 8:04 PM IST
A Supreme Court bench comprising Justice J. Chelameswar and Justice A.K. Goel has paved the way for Enforcement Directorate to pursue criminal proceedings against liquor tycoon Vijay Mallya over violation of provisions of the Foreign Exchange Regulation Act (FERA).The Court also imposed exemplary costs because the approach adopted by Mr. Mallya amounted to an “abuse of process of law”....
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