LONDON: Former Kingfisher Airlines boss Vijay Mallya, who has lived in the UK for over five years, expressed disappointment on Monday at the Supreme Court’s ruling that sentenced him to four months in a contempt case.
The 66-year-old UK-based businessman did not comment further on the verdict, delivered by a Supreme Court bench led by Justice UU Lalit on Monday.
“I have no comment on the Indian Supreme Court ruling other than to say I’m obviously disappointed,” Mallya told PTI.
The UB Group chairman is accused in a bank loan default estimated at over Rs 9,000 crore involving his now defunct Kingfisher Airlines.
The Supreme Court reserved its decision on the matter on March 10, finding that Mallya’s case had hit a “dead wall.”
Back in 2020, the Supreme Court had dismissed Mallya’s lawsuit seeking a review of a 2017 judgment that found him guilty of contempt for remitting US$40 million (one million = ten lakh) to his children in violation of court orders .
Mallya has lived in the UK since March 2016. He was arrested on April 18, 2017 on an extradition order from Scotland Yard.
He remains on bail in the UK while a “confidential” case believed to be linked to an asylum application is resolved in relation to extradition proceedings.
Last month, in an independent case in the UK High Court, his lawyers argued that Indian banks, led by the State Bank of India (SBI), claimed the same debts against him in both India and the UK while he Appeals a case attempting to overturn a bankruptcy order.
The 66-year-old UK-based businessman did not comment further on the verdict, delivered by a Supreme Court bench led by Justice UU Lalit on Monday.
“I have no comment on the Indian Supreme Court ruling other than to say I’m obviously disappointed,” Mallya told PTI.
The UB Group chairman is accused in a bank loan default estimated at over Rs 9,000 crore involving his now defunct Kingfisher Airlines.
The Supreme Court reserved its decision on the matter on March 10, finding that Mallya’s case had hit a “dead wall.”
Back in 2020, the Supreme Court had dismissed Mallya’s lawsuit seeking a review of a 2017 judgment that found him guilty of contempt for remitting US$40 million (one million = ten lakh) to his children in violation of court orders .
Mallya has lived in the UK since March 2016. He was arrested on April 18, 2017 on an extradition order from Scotland Yard.
He remains on bail in the UK while a “confidential” case believed to be linked to an asylum application is resolved in relation to extradition proceedings.
Last month, in an independent case in the UK High Court, his lawyers argued that Indian banks, led by the State Bank of India (SBI), claimed the same debts against him in both India and the UK while he Appeals a case attempting to overturn a bankruptcy order.
