Vijay Mallya Hasn't Deposited Money With Tribunal, Supreme Court Is Told
NDTV
The supreme court had on July 11 sentenced Vijay Mallya to four months in jail for contempt of court.
The recovery officer of a Debt Recovery Tribunal at Bengaluru has told the Supreme Court that neither Vijay Mallya, who was sentenced to four months in jail for contempt of court, nor any other beneficiary of the transfer of funds case, have deposited any amount with the tribunal till August 18.
The top court had on July 11 sentenced Vijay Mallya to four months in jail for contempt of court, and had directed him and the beneficiaries under the said transactions relating to USD 40 million to deposit the amount received along with interest at the rate of 8 per cent per annum with the recovery officer concerned within four weeks.
The bench had also asked the Centre to secure the presence of the fugitive businessman, who has been in the United Kingdom (UK) since 2016, to undergo imprisonment.
A bench comprising Chief Justice Uday Umesh Lalit and Justice S Ravindra Bhat will consider the plea, filed by a consortium of banks led by State Bank of India, for further proceedings on Monday.
