Mallya's review of contempt conviction dismissed

KT NEWS SERVICE. Dated: 9/1/2020 12:32:33 PM

NEW DELHI, Aug 31: The Supreme Court on Monday dismissed fugitive Indian liquor tycoon and ex-MP Vijay Mallya's review petition against the court holding him guilty of contempt of court in May 2017 for violating its orders and those of the Karnataka High Court.
A Bench of Justices U U Lalit and Ashok Bhushan refused to re-examine its verdict and dismissed his plea for having no merit. Th Court had reserved its judgment last Thursday.
In May 2017, the apex court 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 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.
An accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines and located in the United Kingdom since 2016, Mallya challenged the Supreme Court's contempt order on May 9, 2017 on the plea by consortium of banks. H evaded the law enforcement authorities in India and stayed at the United Kingdom. He, however, suffered setbacks after the court there allowed for his extradition. His date of return, however, is still uncertain due to undisclosed legal issues.

 

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