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Supreme Court dismisses Review Plea of Fugitive Liquor Baron, Vijay Mallya

The Supreme Court on Monday dismissed review petition filed by former liquor baron Vijay Mallya challenging the order holding him guilty of contempt. Vijay Mallya was found guilty by the apex court on May 9, 2017 for transferring USD 40 million received from Diageo into the accounts of his children.

A bench of Justices UU Lalit and Ashok Bhushan said, “We find no merits in review petitions. Review petitions dismissed.”

The fugitive businessman Mallya owes over Rs 9,000 crore in form of unpaid loans towards consortium of banks led by SBI. The SBI had filed contempt petition against Mallya for not disclosing the bank accounts into which USD 40 million was transferred. Further, the Court found him guilty of siphoning off this amount which otherwise had to be deposited with the banks.

On May 9, 2017, the Supreme Court had directed the liquor baron to appear before it on July 10, after finding him guilty of contempt of court in a bank loan default case. Soon after this order, Mallya had filed a review petition in the Supreme Court to consider an affidavit claiming this amount was not part of his assets.

Further he claimed that he will lose his valuable right of appeal if held guilty by the Supreme Court. The matter had to be adjourned previously since a crucial reply filed by Mallya could not be located in the case records with the Court.

On the day of hearing i.e. on August 27, matter was taken up and after a brief hearing, the apex court reserved its decision. 

The Bench of Justices Lalit and Bhushan had noted in the last hearing that the review was filed within the period of limitation, but was still not listed for three years.
On this account an explanation from the Supreme Court Registry is called as to why the case was not listed during this time. It has also asked for the names of the officers involved in the process.





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