News

January 21, 2020

SC Judge Recuses Himself From Hearing Mallya’s Plea


[ By Bobby Anthony ]

Vijay-Mallya

Supreme Court judge Justice R F Nariman recused himself from hearing a recent plea of fugitive businessman Vijay Mallya challenging a Karnataka High Court order.

The Karnataka High Court order had directed Mallya to pay Rs 3,101 crore to a consortium of banks led by State of Bank of India (SBI), which had lent money to the now defunct Kingfisher Airlines.

A bench comprising Justice Nariman and Justice S Ravindra Bhat observed that not a single penny has been deposited by Mallya in the banks so far. After making this observation, Justice Nariman recused himself from the hearing on the matter and passed directions to list it before another bench.

Earlier, Mallya had challenged Karnataka High Court orders dated October 5, 2018 and September 13, 2019 in the Supreme Court.

The Karnataka High Court orders had upheld the decision of the Debts Recovery Appellate Tribunal (DRAT) Bengaluru, to ask Mallya to deposit Rs 3,101 crore, and imposed this as a precondition to entertain his plea against a Debt Recovery Tribunal (DRT) order.

Senior advocate S Guru Krishna Kumar, representing Mallya, said that other petitions filed by his client were scheduled to come up for hearing before another bench.

In January 2017, DRT Bengaluru had directed Mallya to pay Rs 6,203 crore with interest to a consortium of banks led by the State Bank of India.

Mallya challenged this before the DRAT in 2018, which dismissed the appeal for want of appearance and non-compliance of objections.

Related Post

latest News

  • Contempt Plea Against ‘Chhapaak’ Makers In Delhi HC

    Acid attack survivor Laxmi Agarwal’s lawyer Aparna Bhat has filed a contempt petition in the Delhi High Court against the makers of the film ‘Chha...

    Read More
  • SEBI Circular: AMCs to ensure that no funds of a scheme to be parked in STDs of a bank investing in that scheme

    SEBI issued a circular regarding parking of funds in short-term deposits of scheduled commercial banks by mutual funds -- pending deployment

    Read More
  • Enhanced RERA compliance regime from December 1

    Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a circular according to which the promoters of all existing ongoing housing project...

    Read More
shares