<p>The high court on Friday issued a warrant against liquor baron Vijay Mallya for contempt of court.<br /><br /></p>.<p>A consortium of banks has accused him of violating an undertaking at the Debt Recovery Tribunal, thereby showing contempt to the judiciary. Hearing a petition filed by State Bank of India and others, a division bench ordered a bailable warrant against Mallya for Rs 1 lakh.<br /><br />The bench comprises Justice Jayant Patel and Justice Aravind Kumar. When Mallya failed to appear before the court, S S Naganand, counsel for the banks, sought a non-bailable warrant against him. <br /><br />Justice Patel asked if the banks held any documents to indicate Mallya was not in the country. Naganand cited documents submitted by Mallya to the Supreme Court.<br /><br />The bench directed him to submit the documents, after which it said it would decide on issuing a non-bailable warrant.<br /><br />The banks claim Mallya has not kept his word not to transfer his shares in United Breweries Holdings Limited to Diageo, a British multinational alcoholic beverages company. <br /><br />According to the petition, Mallya and his son Siddharth pledged their shares to Standard Chartered Bank and violated the undertaking.</p>
<p>The high court on Friday issued a warrant against liquor baron Vijay Mallya for contempt of court.<br /><br /></p>.<p>A consortium of banks has accused him of violating an undertaking at the Debt Recovery Tribunal, thereby showing contempt to the judiciary. Hearing a petition filed by State Bank of India and others, a division bench ordered a bailable warrant against Mallya for Rs 1 lakh.<br /><br />The bench comprises Justice Jayant Patel and Justice Aravind Kumar. When Mallya failed to appear before the court, S S Naganand, counsel for the banks, sought a non-bailable warrant against him. <br /><br />Justice Patel asked if the banks held any documents to indicate Mallya was not in the country. Naganand cited documents submitted by Mallya to the Supreme Court.<br /><br />The bench directed him to submit the documents, after which it said it would decide on issuing a non-bailable warrant.<br /><br />The banks claim Mallya has not kept his word not to transfer his shares in United Breweries Holdings Limited to Diageo, a British multinational alcoholic beverages company. <br /><br />According to the petition, Mallya and his son Siddharth pledged their shares to Standard Chartered Bank and violated the undertaking.</p>
