Mallya cannot use pendency of plea to stall insolvency proceedings: SC

The Supreme Court Monday said fugitive economic offender Vijay Mallya cannot use pendency of his plea in the apex court to stall insolvency proceedings initiated against him by lenders in other countries.

A bench headed by Chief Justice S A Bobde passed the order after the Centre told the court that Mallya used pendency of his plea to stall the UK court from delivering verdict in insolvency proceedings.

Pendency of the case is not a ground for holding any case anywhere in the world, the apex court said.

“In view of the letter circulated by Advocate-on-Record for the petitioner, list these matters on January 10, 2020…