Respond to banks’ allegations on USD 40 million transfer: SC to Mallya

Acting on banks’ allegations that liquor baron Vijay Mallya had transferred USD 40 million to his children in “flagrant violation” of various judicial orders, the Supreme Court today asked him to file his response on the matter in three weeks.

A bench, comprising justices Kurian Joseph and A M Khanwilkar, asked the beleaguered businessman to file an affidavit and fixed the plea of the consortium of banks led by State Bank of India for further hearing on February 2.