<div align="justify">The Supreme Court on Tuesday held embattled industrialist Vijay Mallya guilty for contempt of court. A bench of Justices Adarsh K Goel and U U Lalit ordered Mallya, promoter of defunct Kingfishers Airlines to make his personal presence on July 10.<br /><br />Mallya, who evaded law enforcement authorities here, has been reported to have taken shelter in the United Kingdom.He now faces 6 months prison term for contempt of court. The court passed its judgment after reserving its order on an application filed by the SBI led Consortium of Banks.<br /><br /><br />The Union Government has already been perusing his deportation from the United Kingdom. Mallya was accused by the Union government as well as banks of violating the SC's order for full disclosure of assets held by him and his family members.<br /><br />The banks are seeking repayment of Rs 9400 crore loan to Kingfisher Airlines. On a plea by banks, the court had earlier questioned Mallya as hoe could he transfer 40 million USD to your children's accounts.<br /><br />Mallya has claimed there has been no violation of the apex court's order of April 26, 2016 for disclosure of assets. He contested a plea made by banks for a direction to forthwith deposit 40 million USD received by Mallya from Diageo, the British liquor major. Banks counsel claimed Mallya violated the injunction order issued by the Karnataka HC's order of November 13, 2013 against transferring his properties and money.</div>
<div align="justify">The Supreme Court on Tuesday held embattled industrialist Vijay Mallya guilty for contempt of court. A bench of Justices Adarsh K Goel and U U Lalit ordered Mallya, promoter of defunct Kingfishers Airlines to make his personal presence on July 10.<br /><br />Mallya, who evaded law enforcement authorities here, has been reported to have taken shelter in the United Kingdom.He now faces 6 months prison term for contempt of court. The court passed its judgment after reserving its order on an application filed by the SBI led Consortium of Banks.<br /><br /><br />The Union Government has already been perusing his deportation from the United Kingdom. Mallya was accused by the Union government as well as banks of violating the SC's order for full disclosure of assets held by him and his family members.<br /><br />The banks are seeking repayment of Rs 9400 crore loan to Kingfisher Airlines. On a plea by banks, the court had earlier questioned Mallya as hoe could he transfer 40 million USD to your children's accounts.<br /><br />Mallya has claimed there has been no violation of the apex court's order of April 26, 2016 for disclosure of assets. He contested a plea made by banks for a direction to forthwith deposit 40 million USD received by Mallya from Diageo, the British liquor major. Banks counsel claimed Mallya violated the injunction order issued by the Karnataka HC's order of November 13, 2013 against transferring his properties and money.</div>
