SC seeks banks' response on Mallya plea

The Supreme Court on Monday issued notices to a consortium of banks led by the State Bank of India, seeking its response to liquor baron Vijay Mallya’s contention that non-disclosure of his assets did not amount to contempt of court.

Published: 30th August 2016 06:40 AM  |   Last Updated: 30th August 2016 06:40 AM   |  A+A-

PTI-Mallya-Kingfisher

UB Group Chairman Vijay Mallya |PTI

NEW DELHI: The Supreme Court on Monday issued notices to a consortium of banks led by the State Bank of India, seeking its response to liquor baron Vijay Mallya’s contention that non-disclosure of his assets did not amount to contempt of court.

Attorney General Mukul Rohatgi informed the bench of Justices Kurian Joseph and R F Nariman that Mallya had deliberately not made full disclosure of his assets including $40 million which he received in February from a British firm.

sc.jpgAttorney General said that as per the Supreme Court rules, Mallya has to appear before the court after a notice has been served upon him in a contempt petition.

Rohatgi said since Mallya had not been granted exemption from appearance, he should not be heard anymore.

Senior advocate C S Vaidyanathan, appearing for Mallya, told the bench that they have filed a petition for recall of apex court's earlier order and said that no contempt has been made. Mallya’s counsel maintained that the disclosure was linked to loan settlement which was not happening as the lenders had rejected his offer. The bench then asked the AG  to file a response to Mallya's petition for recall of its earlier order and posted the matter for September 27.

On July 25, the SC had issued notice to Mallya on plea of consortium of banks which alleged that he had not disclosed his full assets including $40 million received by him from a UK firm. On July 14, AG claimed that Mallya had provided wrong details of his assets to SC.

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