July 03, 2025 09:44 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Contempt case: Court sentences former Bangladesh PM Sheikh Hasina to six months in prison | India has every right to defend its people against terrorism: Jaishankar at Quad Meet | Dalai Lama's institution will continue, Trust will recognise his successor | MNS workers thrash shopkeeper in Maharashtra for not speaking in Marathi | 'We will not accept intimidation': Zohran Mamdani counters Donald Trump's 'arrest' threat | 'I was in the room when JD Vance spoke to PM Modi': Jaishankar refutes Trump's ceasefire claim again | 'We are beyond the middle of negotiation': Jaishankar on India-US trade deal | Terrorism is one of the gravest threats to humanity: Jaishankar at UN | BJP workers participate in a torch rally to protest gangrape of Kolkata law student | Law student allegedly gang-raped in Kolkata college, three arrested
Vijay Mallya

Supreme Court reserves order on sentencing of Vijay Mallya

| @indiablooms | Mar 11, 2022, at 12:29 am

New Delhi/UNI: The Supreme Court on Thursday reserved its order on the quantum of sentence in a contempt case against fugitive businessman Vijay Mallya, found guilty of contempt for not disclosing full particulars of assets in a case between the SBI and the now-defunct Kingfisher Airlines.

A three-judge bench headed by Justice UU Lalit and also comprising Justices S. Ravindra Bhat and P. S. Narasimha heard the amicus curiae, Jaideep Gupta. Gupta submitted that the court had given several chances to appear before the court but he did not turn up.

It was alleged that Mallya owed the banks some Rs 9,000 crores. He had transferred an amount of $40 million to his children and was held guilty of disobeying the orders passed by the court and not disclosing his assets and not replying to the contempt petition as well as not appearing before the court.

Justice Lalit observed: "We have been told by the government that something is pending, what is pending we don't know, when will it get over we don't know, in which court is it pending we don't know. So, it is like a dead wall."

The court observed that Vijay Mallya was not in custody in the UK. While considering the punishment for the contempt, the amicus submitted is that while giving the punishment the difficulty that the court would face would be the presence of the contemnor.

The amicus went on to submit that attachment of property would be a way by which the contemnor may be punished or both the ways punishment as well as sequestration can be used.

The bench then raised the question that can the assets be retrieved as the assets in India are already attached in other cases and the foreign assets were transferred to his family members by way of gratuitous transfers so can that transaction be reversed and money is received.

The apex court had previously passed an order and given him a final opportunity on the advice of senior advocate Gupta who was present before the court in the capacity of amicus curiae. 

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.
Close menu