(FE)
The Supreme Court today said it would hear next week the plea of a consortium of banks that USD 40 million, which liquor baron Vijay Mallya had allegedly transferred to his children, needed to be brought back. A bench, comprising Justices Adarsh Kumar Goel and U U Lalit, considered the submission of senior advocate Shyam Divan, representing the consortium led by State Bank of India, that USD 40 million Mallya had allegedly received from British firm Diageo in February last year and transferred to his children in “flagrant violation” of various judicial orders, including those passed by passed by the Debt Recovery Tribunal and the Karnataka High Court. The court decided to hear the matter on March 9.
