Disclose Your Assets by April 21: SC Tells Mallya

SC on Thursday directed beleaguered liquor baron Vijay Mallya to disclose to it all his assets.

Published: 07th April 2016 11:35 AM  |   Last Updated: 07th April 2016 11:35 AM   |  A+A-

Indian businessman Vijay Mallya _AP

Indian businessman Vijay Mallya (File|AP)

By IANS

NEW DELHI: The Supreme Court on Thursday directed beleaguered liquor baron Vijay Mallya to disclose to it all his assets -- movable and immovable and tangible and intangible -- and other interests in India and abroad by April 21.

An apex court bench comprising Justice Kurien Joseph and Justice Rohinton Fali Nariman asked Mallya to disclose all the assets held by his wife and children and also indicate the date when he could appear before it in person. 

The order came after the consortium of 14 banks headed by the State Bank Of India (SBI) told the apex court that that it had rejected Mallya's offer to pay Rs.4,000 crore by September to settle his outstanding dues amounting to more than Rs.9,000 crore. 

The banks had given loans to his grounded Kingfisher Airlines.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp