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Reveal your assets by April 21: SC tells Mallya

Apex court has asked liquor baron to disclose to it all his assets

Policy Pulse
Publish Date: Apr 7 2016 11:48AM | Updated Date: Apr 7 2016 11:48AM

Reveal your assets by April 21: SC tells Mallya

 Apex court on Thursday asked 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.

 
A Supreme 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 inform the date when he could appear before it in person. 
 
The direction 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. 
 
Banks had given loans to his grounded Kingfisher Airlines.