SC RESERVES ORDER IN MALLYA CASE: ORDER RESERVED IN REVIEW PLEA

The Supreme Court has reserved its judgment in a review petition filed by fugitive Vijay Mallya against his conviction in a 2017 contempt of court case. The apex court in May 2017 had found Mallya guilty of contempt of court in a plea filed by a consortium of creditors led by State Bank of India. The plea alleged that Mallya had disobeyed the court’s orders by making “vague and unclear disclosure of his assets by transferring 40 million dollars from Diageo Plc. to his his son Siddharth and daughters. The High Court had specifically ordered Mallya not to transfer or alienate any movable and immovable assets to any person.