SC Dismisses Vijay Mallya’s Plea Seeking Review Of 2017 Order Holding Him Guilty Of Contempt
Mumbai: Supreme Court rejected a plea filed by fugitive businessman Vijay Mallya to review his May 2017 order, he was convicted of contempt for transferring USD 40 million to his children in violation of a court order.
A petition from the apex court headed by Justice UU Lalit dismissed the petition saying “we have not got any merit in the petition”. The court reserved its order in the case on 27 August after hearing all the parties in the case.
Mallya is an accused in a Rs 9,000-crore bank loan default case involving his defunct Kingfisher Airlines and is currently in the United Kingdom.
The Supreme Court issued the order on 9 May 2017 on a petition by a consortium of banks led by the State Bank of India (SBI), claiming that it allegedly received USD 40 million received from British firm Diageo to his children in “flagrant violation” of various judicial orders.
Earlier, the apex court had asked Mallya about the “veracity” of the disclosure of his assets and the transfer of money to his children. At that time, the apex court was dealing with the pleas of the lending banks to take contempt action and sought to instruct Mallya to deposit Mallya with banks of US $ 40 million offshore firm Diageo respectively.
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