Mallya guilty of contempt: SC
Mallya given an opportunity to present his case on July 10
The Supreme Court on Tuesday held beleaguered liquor baron Vijay Mallya guilty of contempt in a case filed by a consortium of 13 banks he owes money to.
A bench of Justice Adarsh Kumar Goel and Justice Uday Umesh Lalit gave Mallya an opportunity to present his case on July 10, when the case will next be heard.
The court order came on a petition by a consortium of 13 banks led by State Bank of India seeking the recovery of more than Rs 6,000 crore that they had given to now grounded Kingfisher Airlines.