(First Post)
The Supreme Court on Tuesday found Vijay Mallya guilty of contempt of court and directed him to appear in the court on 10 July for arguing on quantum of punishment in the matter.
The liquor baron, who owes Indian banks Rs 9,000 crore, has been living in London and the Indian government is pressing with the UK government for his extradition. Mallya had fled to the UK on 2 March 2016 to pre-empt any chance of being arrested.
Tuesday’s order pertains to Mallya’s disclosure of assets in the court. Earlier on 9 March, the court had asked the beleaguered but flamboyant businessman whether he had truthfully disclosed his assets before the court or not.
