“Mallya didn't disclose full assets deliberately” told bank to Supreme CourtJust In

August 29, 2016 18:45
“Mallya didn't disclose full assets deliberately” told bank to Supreme Court

A consortium of banks including SBI, told the Supreme Curt that beleaguered businessman Vijay Mallya, had deliberately not made full disclosure of his assets including $40 million which he received in February from a British firm, on Monday.

Attorney general Mukul Rohatgi, appearing for the consortium of banks, told a bench of justices Kurian Joseph and RF Nariman that Mallya did not disclosed the actual amount, he had received in February while he had filed the reply in March.

The attorney general said that according to the Supreme Court rules, Mallya must appear before the court after a notice has been served upon him in a contempt petition. Rohatgi said that since Mallya was not granted exemption from appearance, he should not be heard anymore.

Senior advocate CS Vaidyanathan, who has been appeared for Mallya, told the bench that they have filed a petition for recall of apex court's earlier order and added that no contempt has been made.

He also said that the apex court's earlier order to disclose the assets has been complied with.

The bench then asked the attorney general to file an immediate response to Mallya's petition to recall of its earlier order and post the matter on September 27.

By Prakriti Neogi

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Tagged Under :
Vijay Mallya  SBI  Supreme Court