London: Former Kingfisher Airlines boss Vijay MallyaThe man, who has lived in Britain for more than five years, on Monday expressed dismay at the Supreme Court’s decision to sentence him to four months in a contempt case.
The 66-year-old UK businessman on Monday did not comment further on the decision given by the apex court bench headed by Justice UU Lalit earlier on Monday.
“I do not wish to comment on the decision of the Supreme Court of India except to say that I am naturally disappointed,” Mallya told PTI.
The UB Group chairman is accused in a bank loan default of over Rs 9,000 crore involving his now defunct Kingfisher Airlines.
The Supreme Court had on March 10 reserved its order in the matter, observing that the proceedings against Mallya have come to a “dead wall”.
Back in 2020, the top court had dismissed Mallya’s plea seeking a review of the 2017 verdict, which asked him to transfer $40 million (one million = one million) to his children in violation of court orders. was convicted of contempt.
Mallya has been living in the United Kingdom since March 2016. He was arrested on an extradition warrant executed by Scotland Yard on 18 April 2017.
He remains on bail in the UK while a “confidential” legal matter, believed to be related to the asylum application, is resolved in connection with the extradition proceedings.
Last month, in unrelated proceedings, his lawyers argued in the UK High Court that Indian banks, led by the State Bank of India (SBI), were pursuing similar loans against him in both India and the UK as he was pursuing an appeal in one. are. Attempt to reverse the bankruptcy order.
The 66-year-old UK businessman on Monday did not comment further on the decision given by the apex court bench headed by Justice UU Lalit earlier on Monday.
“I do not wish to comment on the decision of the Supreme Court of India except to say that I am naturally disappointed,” Mallya told PTI.
The UB Group chairman is accused in a bank loan default of over Rs 9,000 crore involving his now defunct Kingfisher Airlines.
The Supreme Court had on March 10 reserved its order in the matter, observing that the proceedings against Mallya have come to a “dead wall”.
Back in 2020, the top court had dismissed Mallya’s plea seeking a review of the 2017 verdict, which asked him to transfer $40 million (one million = one million) to his children in violation of court orders. was convicted of contempt.
Mallya has been living in the United Kingdom since March 2016. He was arrested on an extradition warrant executed by Scotland Yard on 18 April 2017.
He remains on bail in the UK while a “confidential” legal matter, believed to be related to the asylum application, is resolved in connection with the extradition proceedings.
Last month, in unrelated proceedings, his lawyers argued in the UK High Court that Indian banks, led by the State Bank of India (SBI), were pursuing similar loans against him in both India and the UK as he was pursuing an appeal in one. are. Attempt to reverse the bankruptcy order.