Karnataka HC tells Vijay Mallya to appear before court on 19 January
Vijay Mallya has been asked to appear before the court on 19 January for charges to be framed in a contempt case filed by State Bank of India in 2014
Latest News »
- BMW denies diesel cheating as EU, Germany probe auto cartel
- IRB Infra Q1 net profit rises 31% to Rs238 crore
- HDFC Bank’s impeccable asset quality gets a farm loan waiver blow
- Terror funding: NIA arrests 7 people, including Geelani’s son-in-law, in Kashmir
- Kerala HC denies bail to actor Dileep in abduction case
Bengaluru: The Karnataka high court on Friday ordered businessman Vijay Mallya to appear before the court on 19 January for charges to be framed in a contempt case filed by public sector lender State Bank of India (SBI) in 2014.
The order comes after the HC rejected an application filed by the UB Group chairman to recall an earlier order passed by a division bench comprising justice Jayant M.Patel and justice Aravind Kumar on 20 October directing the former liquor baron to appear before it on 24 November.
On Friday, SBI pleaded before the HC to issue an arrest warrant against Mallya. SBI had filed a contempt case in 2014 after Mallya violated an undertaking not to sell or alienate shares held by him; he had given the undertaking before the Bengaluru bench of the debt recovery tribunal (DRT).
Mallya left India for the UK on 2 March after investigative agencies started to close in on the businessman over charges of fund diversion, willful default and unpaid dues of over Rs 9,000 crore owed by his now defunct Kingfisher Airlines Ltd (KFA).
In a 13 March statement, Mallya claimed that banks had already recovered Rs.2,494 crore from KFA since 2013.
Mallya’s office did not respond to mails seeking comment on Friday.