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SC issues notice to Vijay Mallya for not disclosing assets

The Supreme Court on Monday issued notice to Vijay Mallya on plea seeking contempt proceedings against him alleging that he has not given full details of his assets.


SC issues notice to Vijay Mallya for not disclosing assets

Zee Media Bureau

New Delhi: The Supreme Court on Monday issued notice to Vijay Mallya on plea seeking contempt proceedings against him alleging that he has not given full details of his assets.

The consortium of banks led by State Bank of India had on July 14 moved the Supreme Court with a fresh plea seeking initiation of contempt proceedings against Vijay Mallya, who is in the United Kingdom, alleging that he has not given the complete details of his assets as directed.  

A bench comprising Justices Kurian Joseph and R F Nariman had agreed to hear the fresh interim application of banks after Attorney General Mukul Rohatgi mentioned it for urgent hearing.

 

Rohatgi had claimed Mallya has provided wrong details of his assets in a sealed cover to the apex court.

The court on April 7 had directed Mallya to disclose by April 21 the total assets owned by him and his family in India and abroad while seeking an indication from him when he would appear before it.

 

It had asked Mallya, who owes over Rs 9,000 crore to around 17 banks, to deposit a "substantial amount" with it to "prove his bonafide" that he was "serious" about meaningful negotiations and settlement.

With Agency Inputs

 

From Zee News

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