Banks seek contempt action in SC against Vijay Mallya

July 14, 2016 20:29

The consortium of banks led by State Bank of India today moved the Supreme Court with a fresh plea seeking initiation of contempt proceedings against Vijay Mallya, who is in the United Kingdom, alleging that he has not given the complete details of his assets as directed.

A bench comprising Justices Kurian Joseph and R F Nariman agreed to hear the fresh interim application of banks on July 18 after Attorney General Mukul Rohatgi mentioned it for urgent hearing. Rohatgi claimed Mallya had provided wrong details of his assets in a sealed cover to the apex court.

He further said a lot of information has also been concealed, including a cash transaction to the tune of Rs 2500 crore, which amounted to contempt of court. Earlier, the court had sought details of assets from Mallya in a sealed cover.

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