New Delhi: The Supreme Court on Tuesday held Vijay Mallya guilty of contempt and directed him to appear before the court on July 10.
“We have found respondent number 3 (Mallya) guilty of contempt of court on two grounds,” a bench comprising Justices A K Goel and U U Lalit said.
The apex court directed Mallya, who is presently in the United Kingdom, to appear before it on July 10 to argue on the quantum of punishment in the matter.
he order of the top court came on a plea by the consortium of banks, which had granted Rs 9000 crore loan to Mallya but he refused to pay back the money.
The Supreme Court verdict against Mallya would come in handy for the Centre to get the proclaimed offender extradited from the UK.
The Consortium of Banks had moved the Supreme Court seeking contempt proceedings after Mallya received $40 million from the British firm Diageo Plc in February last year and transferred the money to his children in flagrant violation of various judicial orders, including those passed by the Debt Recovery Tribunal and the Karnataka High Court.