Supreme Court To Hear Vijay Mallya's Review Plea In Money Transfer Case On August 20

Vijay Mallya, accused in a financial institution mortgage default of over Rs 9,000 crore, is presently within the UK

New Delhi:

The Supreme Court docket in the present day mentioned it might hear on August 20 the petition filed by businessman Vijay Mallya, who has sought evaluation of its 2017 order holding him responsible of contempt of courtroom for transferring USD 40 million to his kids.

The matter got here up for listening to by way of video-conferencing earlier than a bench comprising Justices UU Lalit and Ashok Bhushan, which adjourned it as one of many paperwork was not out there on the file.

The highest courtroom had in June directed its registry to clarify as to why Vijay Mallya’s evaluation petition had not been listed earlier than the involved courtroom for the final three years.

It had directed the registry to furnish all the small print together with names of officers who had handled the file regarding the evaluation petition within the final three years.

The fugitive businessman had filed the petition in search of evaluation of the highest courtroom’s Might 9, 2017 order by which he was held responsible of contempt of courtroom for transferring USD 40 million to his kids in violation of the order.

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

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

It was coping with pleas of lending banks in search of contempt motion and a course to Vijay Mallya to deposit USD 40 million obtained from offshore agency Diageo respectively.

The banks had then alleged that Vijay 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 Excessive Court docket.

Vijay Mallya had in Might misplaced his software in search of depart to attraction his extradition to India within the UK Supreme Court docket, setting a 28-day clock on his elimination from the UK.

The UK high courtroom’s determination marks a giant authorized setback to the 64-year-old flamboyant businessman, who had earlier misplaced his excessive courtroom attraction in opposition to an extradition order to India on prices of alleged fraud and cash laundering associated to unrecovered loans to his now-defunct Kingfisher Airways.

Vijay Mallya has been primarily based within the UK since March 2016 and stays on bail on an extradition warrant executed three years in the past by Scotland Yard on April 18, 2017.
 

(Aside from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)

LEAVE A REPLY

Please enter your comment!
Please enter your name here