” The transaction, where Vijay Mallya transferred 40 million USD from the sale of the United Breweries property to his children, was void. “ New Delhi: Resuming after 50-day summer vacation, the Supreme Court on Monday imposed four months imprisonment on fugitive businessman Vijay Mallya for contempt of court. A... The post appeared first on .

New Delhi Nov 30 PTI The Supreme Court Tuesday said the contempt matter involving fugitive businessman Vijay Mallya accused in bank loan default case of over Rs 9000 crore involving his defunct Kingfisher Airlines will be dealt with finally on January 18 next year Observing that the apex court has waited sufficiently long a bench headed by Justice U U Lalit said We cant be waiting any longer nowThe bench noted that Mallya was held guilty of contempt in 2017The bench also comprising Justices S R Bhat and Bela M Trivedi said Mallya is at liberty to advance submissions as are deemed appropriate and if for any reason he is not present before the court lawyer on his behalf can advance submissionsWhat we wish to do is we will list this matter for disposal in second week of January because we have waited sufficiently long enough we cant be waiting any longer now It has to see the light of the day at some stage or the other and the process must also get over the bench saidThe top court requested senior Jaideep Gupta to assist it as an amicus curiae in the matterThe apex court had earlier dismissed Mallyas plea seeking review of its 2017 verdict which held him guilty of contempt for transferring USD 40 million to his children in violations of the court ordersOn January 18 this year the Centre told the top court that the government is making all efforts to extradite Mallya from the United Kingdom but the process is being delayed due to some legal issues involved in the matterMallya an accused in bank loan default case of over Rs 9000 crore involving his defunct Kingfisher Airlines is in the UK since March 2016 He is on bail on an extradition warrant executed three years ago by Scotland Yard on April 18 2017 PTI ABA SA