SC to hear Vijay Mallya’s review plea on transfer of $40 million to his children on August 20

The Supreme Court on Thursday said it will take up on August 20 the review petition filed by businessman Vijay Mallya against its 2017 order that held him guilty of contempt of court for transferring transferring a $40 million payment from Diageo Plc to his three children. A Bench led by Justice UU Lalit gave time till August 20 to Mallya counsel Jai Munim to “enable him to place on record copy of his reply of January 30, 2017.”

While the apex court had directed Mallya twice—in April and October 2016—to disclose all assets held by him and his family, Mallya had then claimed that banks had already recovered Rs 2,494 crore from defunct Kingfisher Airlines since 2013. The SC had questioned Mallya why he transferred the payout.