Onus on Home Min to produce Mallya on July 10

Onus on Home Min to produce Mallya on July 10

FPJ BureauUpdated: Monday, June 24, 2019, 11:10 AM IST
article-image

NEW DELHI :  The Supreme Court has put onus on the Home Ministry to ensure presence of liquor tycoon Vijay Mallya (62) before it on July 10 in the contempt case filed against him by the State Bank of India and 13 other banks for the Rs 9,000-crore loan default of his closed Kingfisher Airlines.  Even while holding him guilty of contempt of court for not replying to the contempt petition nor appearing in person as he was duty bound, the Bench of Justices Adarsh Kumar Goel and Uday Umesh Lalit adjourned the matter to July 10 to give Mallya one more chance and also hear him on the proposed punishment.

 In its 26-page judgment, the Court also said Mallya “may keep his affidavit ready to be rendered on the same day by stating mitigating circumstances, if any, and other submissions he chooses to advance.”  It held him guilty on two counts.

RECENT STORIES

Bridging The Gap: How Technology Transforms Regulatory Compliance In Finance

Bridging The Gap: How Technology Transforms Regulatory Compliance In Finance

Mastering Network Operations: A Deep Dive Into Professional Growth In The Tech Sector

Mastering Network Operations: A Deep Dive Into Professional Growth In The Tech Sector

Mumbai: Sustainable Housing Gives Real Estate Sector A Boost In MMR

Mumbai: Sustainable Housing Gives Real Estate Sector A Boost In MMR

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges