News

SC rejects Mallya’s plea seeking review of 2017 order in contempt case

Press Trust of India New Delhi | Updated on August 31, 2020

Vijay Mallya

The fugitive businessman had transferred $40 mn received from British firm Diageo to his children

The Supreme Court on Monday dismissed a plea of fugitive businessman Vijay Mallya seeking review of its 2017 order holding him guilty of contempt of court for transferring $40 million to his children.

A bench comprising justices UU Lalit and Ashok Bhushan said, “We do not find any merits. Review petition dismissed.”

The Apex court had reserved its verdict on the review plea on August 27 after hearing arguments from both sides.

Mallya 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 $40 million to his children in violation of the order.

The fugitive businessman, who is an accused in a bank loan default case of over ₹9,000 crore involving his defunct Kingfisher Airlines, is currently in the United Kingdom.

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

Published on August 31, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like