April 16, 2016 10:19 PM

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Court reserves order on ED plea for NBW against Mallya

A special court in Mumbai has reserved its order on the Enforcement Directorate's plea seeking a non-bailable warrant against industrialist Vijay Mallya.<br/><br/>The order in money laundering case will now be pronounced on Monday.<br/><br/> Mallya, now in Britain, had borrowed a loan of 950 crore rupees from IDBI for the Kingfisher Airlines.<br/><br/>ED Counsel Hiten Venegaonkar told the court that a significant portion of the loan was used to buy a property outside India and not for the purpose for which it had been given.<br/><br/>

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