In a fresh twist to the loan default case, Vijay Mallya filed an affidavit in the Supreme Court, saying banks had no right over information of his overseas assets.
Mallya had been directed by the Supreme Court to disclose by April 21 the total assets owned by him and his family in Indiaand abroad. The apex court had also sought an indication from him when he will appear before it.
In his affidavit, Mallya claimed that since he is an NRI, he is not obliged to disclose overseas assets, adding that his three children, wife, all US citizens, also needn't disclose their assets. "Overseas assets were not considered while granting loans," he said in his statement.
Mallya sought Supreme Court's permission to file information about his assets in a sealed cover on June 26, while offering to make additional payment of Rs 1,398 crore withheld by Karnataka HC.
The top court had asked Mallya, who owes over Rs 9,000 crore to around 17 banks, to deposit a "substantial amount" with it to "prove his bonafide" that he was "serious" about meaningful negotiations and settlement.
A local court today convicted industrialist Vijay Mallya in a cheque-bounce case filed against him by GMR Hyderabad International Airport Ltd.
The court, however, did not pronounce the quantum of punishment as the Rajya Sabha MP, who left the country last month, was not present in the court, Mallya's lawyer H Sudhakar Rao said.
The quantum of punishment is expected to be pronounced on May 5 by the court, GMR lawyer Ashok Reddy said.
Mallya had been directed by the Supreme Court to disclose by April 21 the total assets owned by him and his family in Indiaand abroad. The apex court had also sought an indication from him when he will appear before it.
In his affidavit, Mallya claimed that since he is an NRI, he is not obliged to disclose overseas assets, adding that his three children, wife, all US citizens, also needn't disclose their assets. "Overseas assets were not considered while granting loans," he said in his statement.
Mallya sought Supreme Court's permission to file information about his assets in a sealed cover on June 26, while offering to make additional payment of Rs 1,398 crore withheld by Karnataka HC.
The top court had asked Mallya, who owes over Rs 9,000 crore to around 17 banks, to deposit a "substantial amount" with it to "prove his bonafide" that he was "serious" about meaningful negotiations and settlement.
A local court today convicted industrialist Vijay Mallya in a cheque-bounce case filed against him by GMR Hyderabad International Airport Ltd.
The court, however, did not pronounce the quantum of punishment as the Rajya Sabha MP, who left the country last month, was not present in the court, Mallya's lawyer H Sudhakar Rao said.
The quantum of punishment is expected to be pronounced on May 5 by the court, GMR lawyer Ashok Reddy said.
"Two cases pertaining to cheque-bounce were going on against Kingfisher Airlines in the court and the matter was posted for arguments. After the arguments today, the court convicted Mallaya, Kingfisher and a senior official of the airline under section 138 of Negotiable Instruments Act.
"Because Vijay Mallya was not here, the sentence has not been pronounced...only conviction has been recorded. Since no accused have appeared before the court, only conviction has been recorded," Sudhaka .. RAO TOLD PTI
"Because Vijay Mallya was not here, the sentence has not been pronounced...only conviction has been recorded. Since no accused have appeared before the court, only conviction has been recorded," Sudhaka .. RAO TOLD PTI
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