CBI court issues NBW against Vijay Mallya in loan default case linked to Indian Overseas Bank

A Mumbai special court has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB). The CBI, probing the case, claims Mallya caused a wrongful loss of over Rs 180 crore to the government-run bank by "wilfully" defaulting in payments. Mallya, who has been declared a fugitive economic offender in a money laundering case, currently resides in London and the Indian government is seeking his extradition.