Mallya has been directed to file his reply by September 24. After that, the court will decide the course of the hearing
Vijay Mallya's lawyer had sought more time to file reply on the Enforcement Directorate's notice in connection with PMLA case
The court had earlier issued non-bailable warrants against the businessman in two cases filed by the ED
Now facing an extradition trial in London, Vijay Mallya is willing to settle his dues
The 62-year-old former Kingfisher Airlines boss is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 90 bn
Under this recently promulgated ordinance, the government can immediately confiscate all linked properties of Mallya in the country and abroad
The Fugitive Economic Offenders Bill could be a thorn in their path
'There's no question of being homeless because at the end of the day, they are entitled to take my assets in my name declared on oath to the court,' Mallya said
Earlier on June 30, Mallya was summoned by a designated court under Fugitive Economic Offenders to appear before it on August 27
SBI MD Arijit Basu said the banks hope to recover a 'significant part' of the money owed to them by Mallya
A UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by beleaguered liquor baron Vijay Mallya
ED's special public prosecutor N K Matta told the court that the agency needed more time to identify other properties of Mallya which can be attached
He asserted "the Central Bureau of Investigation (CBI) charges have no merit whatsoever"
The plane was attached by the service tax department in December 2013, claiming tax dues of over Rs 8 billion from Kingfisher Airlines
Mallya's offer to settle should not affect legal process
Mallya questioned CBI and ED's charge sheet and said he has placed all his assets before the High Court
In a series of tweets, Mallya said that there should not be any suspicion on the timing of his offer
In a 2,000-word statement, Mallya said he was doing everything in his power to resolve the issue, despite being made the 'poster boy' of bank default in India
Mallya has requested the court's permission to allow him to sell the assets under judicial supervision and repay creditors
Officials said the agency filed an application before a Mumbai court under the recently promulgated Fugitive Economic Offenders Ordinance