𒐪The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case.
A bench headed by Justice U U Lalit also imposed a fine of Rs 2,000 on Mallya. The top court had on March 10 reserved its order in the matter, observing that proceedings against Mallya have hit a 'dead wall'.
𒐪The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case.
🦩A bench headed by Justice U U Lalit also imposed a fine of Rs 2,000 on Mallya.
🐷The top court had on March 10 reserved its order in the matter, observing that proceedings against Mallya have hit a "dead wall".
﷽The apex court had in 2020 dismissed Mallya's plea seeking review of the 2017 verdict which held him guilty of contempt for transferring USD 40 million (one million = ten lakh) to his children in violation of court orders.
💦Mallya has been living in the United Kingdom since March 2016. He is on bail on an extradition warrant executed by the Scotland Yard on April 18, 2017.