April 17, 2025 12:07 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Supreme Court considers issuing interim stay on 3 points of Waqf law, Centre urges for more time to explain | Amid clash with Guv, MK Stalin forms panel to maintain Tamil Nadu's autonomy | 'I have nothing to hide': Robert Vadra reaches ED office on second summons over Haryana land deal case | 'What kind of a language is this?': Opposition slams Modi's 'young Muslims repair punctures' remark over Waqf Act | Karnataka: Mob allegedly assaults woman outside Davanagere mosque, six arrested | 'Don't get provoked': Mamata Banerjee's response to Murshidabad riots over Waqf Act | UP cop mistakenly names judge as 'accused' in arrest warrant of a theft case, gets suspended | Congress only pleased fundamentalists, Waqf Act is the biggest proof: PM Modi | Salman Khan receives fresh death threat, complaint filed | Bengal LoP Suvendu Adhikari demands NIA probe into Murshidabad riots

Supreme Court issues notice against Vijay Mallya for flouting directive to disclose assets

| | Jul 25, 2016, at 05:15 pm
#Supreme Court #Vijay Mallya #notice #Disclosure of assets #Petition #Contempt proceedings
New Delhi, July 25 (IBNS) : The Supreme Court on Monday issued a notice to liquor baron Vijay Mallya for not disclosing his assets, reports said.

The notice was issued in response to a petition filed by the consortium of 17  banks which had sanctioned loans for the now defunct Kingfisher airlines of which Mallya was the Chairman. 

 
The banks sought contempt proceedings against Mallya.

The court has also given more time to the Debt Recovery Tribunal to complete hearing in the Mallya loan default case.

In April, Mallya was  directed by the court to disclose all assets held by him and his family, after the creditor banks  rejected his offer to repay Rs. 4,000 crore to settle the debts.

It had asked Mallya, who is now in the UK, to deposit a "substantial amount" with it to "prove his bonafide" that he was "serious" about meaningful negotiations and settlement.

Mallya, the chairman of United Breweries, had later agreed to disclose a list of assets held by him in India to the Supreme Court. 
 
Various agencies, including the Enforcement Directorate, are investigating into the cases of loan default and money laundering against Mallya, Chairman of United Breweries. 

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Images of the day: April 15, 2025
Images of the day: April 15, 2025 Apr 15, 2025, at 04:13 pm
Muslims take to Kolkata streets to protest Waqf amendment
Muslims take to Kolkata streets to protest Waqf amendment Apr 14, 2025, at 10:41 pm
BJP protests SSC scam job loss against Mamata govt in Kolkata
BJP protests SSC scam job loss against Mamata govt in Kolkata Apr 13, 2025, at 07:54 pm
Related Videos
Bengal celebrates Poila Baishak (Bengali New Year) with pujas and greetings Apr 15, 2025, at 04:57 pm
After Murshidabad, violence hits Bengal's Bhangar in South 24 Parganas over #Waqf protest Apr 15, 2025, at 01:43 am
#Mamata wants #Hindu-less West Bengal: #BJP slams CM over Murshidabad exodus Apr 15, 2025, at 01:41 am
Close menu