SC issues notice to Mallya over contempt petition filed by banks

July 25, 2016 11:04

Supreme Court issues notice to Vijay Mallya on plea seeking contempt proceedings against him alleging that he has not given full details of his assets.

The court has also given more time to the Debt Recovery Tribunal to complete hearing in the Mallya loan default case.

In April, Mallya had been directed by the court to disclose all assets held by him and his family, after his creditors rejected his offer to repay Rs 4,000 crore to settle the debts of the grounded Kingfisher Airlines.

Mallya, the chairman of United Breweries, had later agreed to disclose a list of assets held by him in India to the Supreme Court. He had requested the court to not pass the information on to banks.

Both the Enforcement Directorate and the Central Bureau of Investigation are probing Mallya for the Rs 9,000 crore loan scam.

« Back to LIVE

TOP STORIES

Kangana's gaffe, slams 'Tejasvi Surya' in poll speech

Addressing a gathering in the Sundernagar area of Himachal Pradesh's Mandi on Friday, Ranaut -- the BJP candidate from the Mandi Lok Sabha seat -- while referring to the Indian National Developmental Inclusive Alliance (INDIA), said the...

Cong spokesperson Radhika Khera quits citing 'injustice'

All India Congress Committee spokesperson Radhika Khera on Sunday resigned from the party claiming that criticism over her visit to Lord Ram temple in Ayodhya led to the denial of justice to her in the incident that happened at the...

In Pictures - Narine fires KKR to huge total vs LSG

Images from Sunday's IPL match between Kolkata Knight Riders and Lucknow Super Giants, in Lucknow.

Jadeja lauds CSK's bowling after easy win over PBKS

Chennai Super Kings all-rounder Ravindra Jadeja admitted that they were short by 15-20 runs but lauded their disciplined bowling show in securing a convincing 28-run victory over Punjab Kings in the Indian Premier League match in...

Rahul answers why he always wears white T-shirt

Gandhi answers several such light-hearted questions in a more than two-minute video released by the Congress on its social media channels.