Sunday, December 10, 2023

SC reserves judgement on contempt case against Vijay Mallya

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New Delhi: The Supreme Court today reserved its judgment in a review petition filed by fugitive Vijay Mallya against his conviction in a 2017 contempt of court case.

Vijay Mallya

The apex court in May 2017 had found Mallya guilty of contempt of court in a plea filed by a consortium of creditors led by State Bank of India (SBI). The plea alleged that Mallya had disobeyed the court’s orders by making “vague and unclear disclosure of his assets” by transferring a $40 million from Diageo Plc. to his his son Siddharth and daughters Leanna and Tanya and violated the orders passed by the Karnataka High Court. The High Court had specifically ordered Mallya not to transfer or alienate any movable and immovable assets to any person.

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Mallya has made a bank loan default of over Rs 9,000 crore involving his defunct Kingfisher Airlines and is wanted in India after he fled to UK in 2016 to escape legal actions against him.

-India Legal Bureau

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