Supreme Court of India dismisses Vijay Mallya's review petition

Fujitive businessman Vijay Mallya who escaped from the country with thousands of crores of banks has received a severe blow from the Supreme Court of India. The country's highest court has dismissed Mallya's reconsideration petition in the contempt court. The Supreme Court has refused to reconsider the 2017 decision.

SC refuses Mallya's petition:

The Supreme Court found Vijay Mallya guilty of contempt. Mallya then filed a review petition in the court. The Supreme Court reserved the Supreme Judgment on August 27 after hearing the matter. This entire matter is related to financial transactions.

Actually, the court had ordered Vijay Mallya to repay the loan of the banks, but instead of repaying the bank loan, he had put the money in his son's account. Mallya is accused of transferring $ 40 million.

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Even after the court's decision, not repaying the loan of Banka has become a problem for Vijay Mallya, who escaped from the country. The court convicted Mallya for contempt in the case in May 2017. Mallya filed a review petition in the Supreme Court against this decision.

The biggest thing is that on 16 June 2020, a bench of Supreme Court Justice UU Lalit and Justice Ashok Bhushan informed that according to the records, the reconsideration petition has not been presented before the court for three years.

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