May 07, 2026 07:23 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Who after Mamata in Bengal? Amit Shah to meet BJP MLA-elects ahead of May 9 oath | Vijay’s TVK seeks Congress, Left support after falling short of majority in Tamil Nadu | Jolt to TMC! Supreme Court rejects plea challenging central staff deployment at Bengal counting centres | Bangladesh MP warns of refugee crisis if BJP wins West Bengal polls | Diplomatic row: Bangladesh summons Indian envoy over Himanta Biswa Sarma remarks | Supreme Court grants Pawan Khera anticipatory bail in case over allegations against Himanta Biswa Sarma's wife | ‘Not necessary to humiliate me with arrest’: Pawan Khera to SC over remarks on Himanta Biswa Sarma’s wife | ‘Let’s not choose for people capable of choosing’: Supreme Court to Centre on teen pregnancy termination | I-PAC co-founder Vinesh Chandel gets bail after Bengal polls conclude | Exit Polls Give Bengal to BJP—But One Survey Begs to Differ

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

| | Jul 25, 2016, at 05:15 pm
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. 

 

#Supreme Court #Vijay Mallya #notice #Disclosure of assets #Petition #Contempt proceedings

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
Bike-Borne Assailants Gun Down Suvendu Adhikari’s Aide in Madhyamgram Near Kolkata
Bike-Borne Assailants Gun Down Suvendu Adhikari’s Aide in Madhyamgram Near Kolkata May 07, 2026, at 12:59 am
In Images: Security scaled down at Abhishek Banerjee’s Kolkata residence after Trinamool poll defeat
In Images: Security scaled down at Abhishek Banerjee’s Kolkata residence after Trinamool poll defeat May 06, 2026, at 10:06 pm
Photo of the Day: Narendra Modi’s jhalmuri moment meets the poll aftermath outside Mamata Banerjee’s residence
Photo of the Day: Narendra Modi’s jhalmuri moment meets the poll aftermath outside Mamata Banerjee’s residence May 06, 2026, at 12:52 pm
Related Videos
Suvendu Adhikari Rushes to Hospital After Aide Shot Dead in Madhyamgram near Kolkata May 07, 2026, at 02:21 am
BJP leader Suvendu Adhikari’s PA shot dead in Madhyamgram on Wednesday night May 07, 2026, at 02:20 am
Security Scaled Down At Abhishek Banerjee’s House Santiniketan in South Kolkata May 06, 2026, at 05:04 pm