On Thursday, the Supreme Court awaited its verdict on a plea submitted by businessman Vijay Mallya, who requested a review of his 2017 order holding him accused of contempt of court for transferring USD 40 million to his kids.
After hearing arguments in the case, a bench comprising justice U U Lalit and Ashok Bhushan reserved his order. The apex court had asked its registry in June to explain why Mallya’s application for review hadn’t been found before the court concerned for the last three years.
It had instructed the registry to provide all the information including names of officials who had managed the review petition file in the last three years. The outlaw businessman had filed the petition seeking review of the order issued by the apex court on May 9, 2017, whereby he was found guilty of court contempt For distribution of USD 40 million in breach of the order to his kids.
Mallya, who’s guilty in a bank loan breach lawsuit concerning his bankrupt Kingfisher Airlines of about Rs 9,000 crore, is reportedly in the UK. The apex court’s 2017 order had come on a petition by a group of banks led by the State Bank of India ( SBI), which had said that Mallya had allegedly moved USD 40 million earned from British company Diageo, to his kids in “flagrant violation ” of various judicial orders.
It dealt with pleas to lend to banks demanding contempt and a route to Mallya to deposit USD 40 million earned from offshore firm Diageo with the banks, respectively. The banks then said Mallya had hidden the truth and transferred the money to his son Siddharth Mallya and daughters Leanna Mallya and Tanya Mallya in “flagrant breach” of the Karnataka High Court’s guidelines.