Mallya Avoids Appearing Before Supreme Court
New Delhi: Liquor baron Vijay Mallya, has avoided appearing before the Supreme Court on Monday. He was held guilty of contempt of court two months ago by the apex court and asked to appear before it on July 10 (today).
A bench comprising Justice AK Goel and Justice UU Lalit has deferred the matter for hearing on July 14 and sought the assistance of Solicitor General Ranjit Kumar in the case.
A consortium of banks led by the State Bank of India had filed the contempt plea. On May 9, the Supreme Court held the former UB Group Chairman guilty of contempt. The court had directed him to appear before it on Monday with regard to the quantum of punishment. Contempt of court provides a maximum imprisonment of up to six months or a fine of up to Rs. 2,000 or both.
The liquor baron is also an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines.
Mallya is presently living in the UK. The banks have alleged that he has refused to give details of all his domestic and foreign assets.
According to the plea filed by the consortium of banks, Mallya allegedly transferred $ 40 million, which he got from British alcoholic beverages firm Diageo Plc, to his children in ‘flagrant violation’ of various judicial orders.
The banks contend that Mallya has disobeyed court orders and made a vague disclosure about his visits.