• search
For Quick Alerts
For Daily Alerts

SC dismisses plea filed by Vijay Mallya

Google Oneindia News

New Delhi, Aug 31: The Supreme Court dismissed a plea filed by fugitive businessman Vijay Mallya, seeking a review of its May 2017 order holding him guilty of contempt for transferring USD 40 million to his children, in violation of the court's order.

SC to pronounce its verdict on fugitive Vijay Mallyas plea today

The apex court had in June directed its registry to explain as to why Mallya''s review petition had not been listed before the court concerned for the last three years.

It had directed the registry to furnish all details including names of officials who had dealt with the file concerning the review petition in the last three years.

India asks UK not to consider any request for asylum by Vijay MallyaIndia asks UK not to consider any request for asylum by Vijay Mallya

The fugitive businessman had filed the petition seeking review of the apex court''s May 9, 2017 order by which he was held guilty of contempt of court for transferring USD 40 million to his children in violation of the order.

Mallya, who is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is presently in the United Kingdom.

The apex court''s 2017 order had come on a plea by consortium of banks led by the State Bank of India (SBI), which had said that Mallya had allegedly transferred USD 40 million received from British firm Diageo, to his children in "flagrant violation" of various judicial orders.

It was dealing with pleas of lending banks seeking contempt action and a direction to Mallya to deposit USD 40 million received from offshore firm Diageo respectively with the banks.

The banks had then alleged that Mallya concealed the facts and diverted the money to his son Siddharth Mallya and daughters Leanna Mallya and Tanya Mallya in "flagrant violation" of the orders passed by the Karnataka High Court.

For Daily Alerts
Best Deals and Discounts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X