Mallya’s 2017 Contempt Ruling plea rejected: Supreme Court Verdict

On Monday Supreme court rejected the petition filed by Businessman Vijay Mallya seeking review of it’s May 2017 ruling.

The ruling held Vijay Mallya guilty of contempt of court for not disclosing the receipt of $40 million in his account and transferring it to his children.

A bench of Justices U U Lalit and Ashok Bhushan asked him to appear before it on October 5 at 2 pm and directed the Ministry of Home Affairs “to facilitate and ensure” his “presence” before it.

Mallya was held guilty of contempt on two counts by Court in it’s May 9, 2017 order- one for disobeying it’s order asking him to fully disclose his assets and second for violating the Karnataka High Court order restraining him from alienating his assets.

Supreme Court found him not revealing the receipt of $40 million and in violation of the HC’s order, had transferred the amount to his children.