Udayavni Special

SC reserves order on Vijay Mallya’s plea seeking review of 2017 order in contempt case


PTI, Aug 27, 2020, 12:42 PM IST

New Delhi: The Supreme Court on Thursday reserved its verdict on a plea filed by businessman Vijay Mallya, who has sought review of its 2017 order holding him guilty of contempt of court for transferring USD 40 million to his children.

A bench comprising justices U U Lalit and Ashok Bhushan reserved its order after hearing arguments in the case.

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.

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.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

NHRC issues notices to Centre, UP & Bihar over bodies found floating in Ganga

Super spreader: 67-year-old Kumbh Mela returnee infects 33 with Covid-19 in Bengaluru

Olympic-bound race walker Irfan and four others test positive for COVID-19 in SAI Bengaluru

Home isolation kits to reach COVID infected within 1hr after test result: Karnataka DCM

Lockdown restrictions reduces Covid-19 cases in the state: BSY

Sudhakar seeks IISc’s support in tackling COVID-19

SSLC examinations postponed due to Covid-19 surge: Suresh Kumar



Related Articles More

Heavy rains likely to lash Kerala on May 14, 15; Red alert sounded

NHRC issues notices to Centre, UP & Bihar over bodies found floating in Ganga

15 patients die at Goa hospital; relatives blame disruption of oxygen supply

Delhi school sets up walk-in ‘oxygen cafes’ for COVID patients

PM Modi to interact with DMs of 100 high COVID-19 caseload districts

MUST WATCH

Covid Impact on the Sandalwood Industry

ರಾಬರ್ಟ್ ಚಿತ್ರ Tonic ಆಯ್ತು

Groom Plays The Band At His Own Wedding

Outrage at Dictatorial Attitude: Mass Resignation from Doctors in Unnao

BMTC launches Oxygen Bus Service

Latest Additions

Heavy rains likely to lash Kerala on May 14, 15; Red alert sounded

I haven’t done many comedies in my career: Jackie Shroff

NHRC issues notices to Centre, UP & Bihar over bodies found floating in Ganga

Facebook to roll out new campaign in India to fight COVID-related misinformation

15 patients die at Goa hospital; relatives blame disruption of oxygen supply

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.