A bench of Justices Adarsh Kumar Goel and UU Lalit put for the queries during the day-long hearing after which it reserved the orders on two pleas of lending banks seeking contempt action and a direction to him to deposit USD 40 million received from offshore firm Diageo respectively.
The Supreme Court today will hear Vijay Mallya‘s loan default case. Earlier, a special CBI court had issued a non-bailable warrant against Mallya in the loan default case after the investigative agency moved an extradition plea against the liquor baron.
Beleaguered liquor baron Vijay Mallya has hit out at SEBI for barring him from securities market with regard to alleged fund diversion from United Spirits and termed the charges "baseless".
On October 20, a division bench comprising justices Jayant Patel and Aravind Kumar, while passing orders on petitions by a consortium of banks led by State Bank of India, summoned Mallya to appear before it yesterday.
Beleaguered liquor baron Vijay Mallya today said Kingfisher Airlines has turned out to be a 'nightmare' and blamed government's adverse taxation policies and higher fuel prices for the business failure.
The agency, sources said, has identified some pledged shares, associated immovable and movable assets of Mallya and his family members that would be seized and frozen as part of its action plan to widen probe in the case.
The Enforcement Directorate (ED) attached properties of the liquor baron Vijay Mallya, worth Rs 1,411 crore, in the IDBI Bank loan default case.
In his resignation letter to Rajya Sabha Chairman Hamid Ansari, he said he does not want his "name and reputation to be further dragged in the mud".
Officials said the beleaguered businessman has informed the Enforcement Directorate's investigating officer that he would not be able to keep tomorrow's date and sought time till April.
CNN-IBN traced him to his estate from London with the assistance of people in the neighbourhood villages who know of him for his thirty acre estate, and for his rather colourful lifestyle. They spoke of his lifestyle in the pub and of interesting visitors in recent days.
The Uttar Pradesh government has decided to withdraw all cases against late liquor baron Ponty Chadha in the state. The decision was taken in a Cabinet meeting in Uttar Pradesh.
Liquor baron Ponty Chadha and his brother Hardeep Chadha have been killed after they fired at each other at a farmhouse in Delhi's Chhattarpur area on Saturday afternoon.