January 06, 2025 12:06 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Bharatiya Janata Party releases first list of candidates for Delhi Assembly polls, fields Parvesh Sahib Singh Verma against Kejriwal | Firecracker unit explosion in Tamil Nadu's Virudhunagar kills 6 | Body of independent journalist, who went missing on Jan 1, found in a septic tank in Chhattisgarh | Delhi: 14-year-old student stabbed to death outside school after brawl with classmate | Rohit Sharma confirms he is not retiring amid speculations after skipping Sydney Test | India objects to China's 'new counties' announcement, says parts of these come under Ladakh | No cause for alarm over HMPV virus spread in China: Indian Health Agency | PM Modi gives a call for change in Delhi launching fierce attack on Arvind Kejriwal's AAP | Quran open to passage glorifying violence, bomb-making materials tracked in New Orleans attacker Shamshud-Din Jabbar's home | Jasprit Bumrah leads India in series decider after Rohit Sharma opts to rest in Sydney Test amid poor show with willow

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
In images: PM Modi pays last respect to Manmohan Singh
In images: PM Modi pays last respect to Manmohan Singh Dec 27, 2024, at 12:52 pm
In images: PM Modi's visit to Kuwait
In images: PM Modi's visit to Kuwait Dec 23, 2024, at 03:42 pm
PM Modi addresses 'Ek Varsh-Parinaam Utkarsh' programme in Jaipur
PM Modi addresses 'Ek Varsh-Parinaam Utkarsh' programme in Jaipur Dec 17, 2024, at 07:13 pm
Related Videos
Celebrating 100 years of Raj Kapoor: PM Modi in conversation with Kapoor family Dec 13, 2024, at 03:14 pm