Vijay mallya
Vijay mallyaReuters file

A Mumbai-based special court has issued a non-bailable warrant against Vijay Mallya after the petitioner Enforcement Directorate (ED) sought action against his repeated nonappearance, NDTV reported. Mallya missed his third and last summons notice to appear before the agency by April 9.

The court, hearing cases under the Prevention of Money Laundering Act, reserved its order till April 18 on the petition. However, a request on revoking his diplomatic passport had been accepted by the ministry of external affairs on April 15.

Meanwhile, the Hindustan Times reported early Monday that the businessman, however, rejected allegations of moving about Rs. 430 crore of bank loan to acquire assets abroad.

"Kingfisher Airlines made an application after reports suggested that Rs 430 crore was used to acquire assets outside the country. This is incorrect... we are filing an application to clarify things, and keep relevant facts so that the court does not get misled," the daily quoted Mallya's advocate Pranav Badeka as saying in a city court.

Mallya has been in London since early March and is fighting cases through his lawyers in India on multiple charges of collusion in bank loan allotment, money laundering and other cases.