The Supreme Court on Monday dismissed a review petition filed by fugitive industrialist Vijay Mallya against his conviction in a contempt case, for failing to disclose the transfer of $40 million to his children’s accounts despite an order against it.
The top court directed Mallya, staying in the United Kingdom, to appear before it on October 5 for hearing on proposed punishment against him.
A bench of Justices U U Lalit and Ashok Bhushan found “no error apparent on record” in the May 9, 2017 judgement, holding the promoter of defunct Kingfisher Airlines guilty for the contempt of court.
The court noted that an oral undertaking was made by Mallya and others in 2013 before the Debt Recovery Tribunal, Bengaluru and the Karnataka High Court that there would be no alienation of their assets.
