SC dismisses Vijay Mallya’ review plea against 2017 contempt verdict
The SC has dismissed former Indian liquor baron Vijya Malaya’s review petition against a May 2017 judgment of the apex court. That order had held him guilty of contempt of court for transferring USD 40 million received from Diageo into the accounts of his Children.
A bench of Justice UU Lalit and Ashok Bhushan said, “ We find no merits in review petitions. Review petitions dismissed.”
The apex court had found Mallya guilty of contempt of court in a plea filed by a consortium of creditors led by State Bank of India (SBI). The plea alleged that Mallya had disobeyed the court’s orders by making “vague and unclear disclosure of his assets” by transferring a $40 million from Diageo Plc. to his children and violated the orders passed by the Karnataka High Court. The High Court had specifically ordered Mallya not to transfer or alienate any movable and immovable assets to any person.