Former liquor baron Vijay Mallya. (Photo: Reuters)
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Banks Say Mallya Transferred $40 Mn to His Kids, SC Seeks Reply

The Supreme Court on Wednesday asked former liquor baron Vijay Mallya to file an affidavit on a plea filed by banks alleging that he transferred $40 million to his children.

The bench, headed by Justice Kurian Joseph, has granted Mallya three weeks to file the affidavit and adjourned the court till 2 February.

The apex court heard the plea filed by the SBI-led consortium of banks to recover more than Rs 9,000 crore that he owes them.

On 26 April, the court had asked Mallya to disclose his assets to the consortium.

(With inputs from ANI)