Supreme Court wants details of Vijay Mallya’s total assets by 21 April

0

Supreme Court on Thursday asked the lawyers representing the billionaire liquor baron, Vijay Mallya, to furnish the details of his total assets by 21 April.

The details sought by the apex court includes assets owned by Mallya, his wife and children both in India and abroad.

Also Read:  BJP rejects demands for resignation of Swaraj, Raje

PTI reported that the bench comprising Justices Kurian Joseph and R F Nariman also asked Mallya and his companies to file their response by 21 April indicating how much amount they could deposit in the Supreme Court to prove their bona fides.

This came after the consortium of banks led by State Bank of India on Thursday rejected the proposal in the current form offered by Mallya and his companies to pay Rs 4,000 crore by September towards settlement of his loan before the Supreme Court, which directed him to disclose his total assets by April 21.

Also Read:  2016 saw govt-judiciary tussle, several episodes of embarrassment for Modi govt

The consortium also asked the Supreme Court that directions be passed to ensure presence of Mallya in the country to show his bona fides that he was serious about settling his dues.

Also Read:  Bombay High Court orders all IPL matches scheduled after 30 April in Maharashtra to be shifted out.

The next date of hearing has been fixed for 26 April.

LEAVE A REPLY

Please enter your comment!
Please enter your name here