Supreme Court holds Vijay Mallya guilty of contempt; asks to appear on July 10

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Kunwar Prithvi Singh Chauhan
Part time journalist, full-time observer. Editor-in-Chief at The Indian Wire. I cover updates related to business and startups.

Supreme Court on Tuesday gave yet another decision against Vijay Mallya and held him guilty of contempt of court. SC accused Mallya of not disclosing proper details of his assets and also of diverting huge amount of money to overseas accounts in the names of friends and family members.

The hearing was made by a bench of justice AK Goel and justice UU Lalit. It ordered Vijay Mallya to appear before the court on July 10 and on that date, the court will decide the punishment to be handed over to him.

The chances are very thin of Mallya abiding by these orders as he will be arrested as soon as he lands in India. However, this order by the apex court will for sure, make India’s case stronger to get him extradited from UK.

Attorney General Mukul Rohatgi, who is representing the banks in Supreme Court had requested SC to take the strongest possible action against Vijay Mallya in order to set an example of other loan defaulters. This comes a day after Supreme Court had stated that all the loan defaulters will be dealt with strict actions.

CS Vaidyanathan, Mallya’s lawyer opposed any action against him and said that the government is unnecessarily targeting him despite attaching properties worth over ₹10,000 crores. He added that Mallya is not in a position to pay the dues at this time.

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