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The Supreme Court on Thursday, 27 August reserved its order on fugitive business tycoon Vijay Mallya's plea seeking review of a 2017 judgment, which held him guilty of contempt of court.
The apex court had held him guilty, as he did not truthfully disclose full account of his assets in contravention of court order. Mallya was also found guilty for violating court order by siphoning away $40 million from his account. He was restrained from any such withdrawal.
The apex court was at that point hearing the review plea filed by Mallya against the 14 July, 2017 judgment wherein he was found guilty of contempt for not paying Rs 9,000 crore dues to banks despite repeated directions. The bench was looking for a reply on an intervention application, which it seemed had gone missing from the case papers.
Parties involved in the case sought more time to file fresh copies.
On 19 June , the Supreme Court had sought explanation from its registry regarding Mallya's appeal.
In May 2017, the apex court held him guilty of contempt of court for transferring $40 million to his children, and ordered him to appear on 10 July to argue on the quantum of punishment.
The bench said let the explanation be furnished within two weeks, adding that “the Review Petition shall, thereafter, be considered on merits”.
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