National News

SC Rejects Vijay Mallya’s Review Petition Against 2017 Contempt Verdict

New Delhi: The Supreme Courtroom on Monday dismissed a plea of fugitive businessman Vijay Mallya searching for assessment of its 2017 order holding him responsible of contempt of court docket for transferring USD 40 million to his kids.

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

The apex court docket had reserved its verdict on the assessment plea on August 27 after listening to arguments from either side.

Mallya had filed the petition searching for assessment of the apex court docket’s Might 9, 2017 order by which he was held responsible of contempt of court docket for transferring USD 40 million to his kids in violation of the order.

The fugitive businessman, 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 apex 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 stated that Mallya had allegedly transferred USD 40 million obtained from British agency Diageo, to his kids in “flagrant violation” of assorted judicial orders.

(PTI)

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