SC reserves order on Vijay Mallya’s plea searching for overview of 2017 order in contempt case


New Delhi, August 27 

The Supreme Court on Thursday reserved its verdict on a plea filed by businessman Vijay Mallya, who has sought overview of its 2017 order holding him responsible of contempt of court docket for transferring USD 40 million to his youngsters.

A bench comprising justices U U Lalit and Ashok Bhushan reserved its order after listening to arguments within the case.

The apex court docket had in June directed its registry to clarify as to why Mallya’s overview petition had not been listed earlier than the court docket involved for the final three years.

It had directed the registry to furnish all particulars together with names of officers who had handled the file in regards to the overview petition within the final three years.

The fugitive businessman had filed the petition searching for overview of the apex court docket’s May 9, 2017 order by which he was held responsible of contempt of court docket for transferring USD 40 million to his youngsters in violation of the order.

Mallya, who’s an accused in a financial institution mortgage default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is presently within the United Kingdom.

The apex court docket’s 2017 order had come on a plea by consortium of banks led by the State Bank of India (SBI), which had mentioned that Mallya had allegedly transferred USD 40 million obtained from British agency Diageo, to his youngsters in “flagrant violation” of assorted judicial orders.

It was coping with pleas of lending banks searching for contempt motion and a path to Mallya to deposit USD 40 million obtained from offshore agency Diageo respectively with the banks.

The banks had then alleged that Mallya hid the information and diverted the cash to his son Siddharth Mallya and daughters Leanna Mallya and Tanya Mallya in “flagrant violation” of the orders handed by the Karnataka High Court.PTI 



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