Contempt proceedings against Mallya only when he is produced

There’s nothing to miss in India says Vijay Mallya

Taking note of Attorney General KK Venugopal's submissions, a bench comprising of Justices AK Goel and UU Lalit suggested that sentencing in the case where Mallya was held guilty of contempt will take place only after he is produced in court in person. "We will proceed against him when you produce him here", the bench said. "As and when you will produce him before us, we will go ahead and will see what is to be done", the bench told the Attorney General.

As per ANI, AG Venugopal informed the Supreme Court that the extradition proceedings, regarding the matter, are being conducted in UK Court and would most likely end by December 4. Let all steps be taken.

Other than Mallya, there are eight more people indicted in the 57-page long charge sheet for their alleged roles in the case.

The apex court was hearing a plea by a consortium of banks, which moved the apex court after Mallya received loan of United States dollars 40 million from a British firm, Diageo Plc, in February 2016, and allegedly transferred the money to his children, instead of repaying the loans that he owes to the banks.

The ED has also said that these shell companies had no actual activities and was fully controlled by Mallya with former employees of UB group being its directors. The offence of contempt of court entails a maximum imprisonment of up to six months or a fine of upto Rs 2,000 or both. The Indian authorities had supplied the U.K government with all additional evidence and documents against Mallya with regard to buttressing their case for his extradition.

The banks had argued before the court that Mallya had wilfully disobeyed the orders and made "vague" disclosure about his assets.

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