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File affidavit disclosing assets within a month: SC to Vijay Mallya

News Agencies | Updated on: 25 October 2016, 14:27 IST

On 25 October, liquor baron Vijay Mallya was directed by the Supreme Court to file a detailed affidavit about his assets, within a month's time.

The apex court fixed 24 November as the next date of hearing in the case.

The top court division bench passed the order after hearing a detailed argument from Attorney General Mukul Rohatgi, and Mallya's lawyer Vaidyanathan.

A division bench of the apex court headed by Justice Kurian Joseph and Justice Rohinton Fali Nariman, passed the direction to the beleaguered businessman, who had allegedly failed to repay the loan amount to various banks.

The apex court also sought details of the utilization of the money which Mallya had received from Diageo on February 25.

The top court was dissatisfied with the previous affidavit and said, "Prima facie it appears that he didn't make appropriate disclosure. You have received money in February and court notice was sent to yoy in April. You had to disclose the assets and bank details up to March 31. 40 million USD had gone in exactly 40 days. We wanted to now where and how the money has been utilized".

A fresh affidavit shall be filed in four weeks.

The Attorney General said the previous affidavit was nothing but a way to deceive the court and banks.


First published: 25 October 2016, 14:27 IST