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Caustic News Disclose your assets by April 21: SC tells Mallya
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    HomeNewsDisclose your assets by April 21: SC tells Mallya

Disclose your assets by April 21: SC tells Mallya

IANS 07 Apr, 2016 News ,

Mallya

The Supreme Court on Thursday directed beleaguered liquor baron Vijay Mallya to disclose to it all his assets — movable and immovable and tangible and intangible — and other interests in India and abroad by April 21.

An apex court bench comprising Justice Kurien Joseph and Justice Rohinton Fali Nariman asked Mallya to disclose all the assets held by his wife and children and also indicate the date when he could appear before it in person.

The order came after the consortium of 14 banks headed by the State Bank Of India (SBI) told the apex court that that it had rejected Mallya’s offer to pay Rs.4,000 crore by September to settle his outstanding dues amounting to more than Rs.9,000 crore.

The banks had given loans to his grounded Kingfisher Airlines.

Image – File Photo(IANS)

Post Views: 683


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In Partnership with Indo-Asian News Service. For clarifications/queries, please contact our News Desk at contact@causticnews.com

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