Money & Banking
SC asks banks to respond to Mallya's plea against contempt notice
The Supreme Court on Monday asked the consortium of banks led by the State Bank of India to respond to beleaguered liquor baron Vijay Mallya's plea seeking the recall of the notice of contempt for allegedly not making full disclosure of all the assets owned by him and his family as directed by the top court earlier.
 
Giving ten days time to the SBI to file its response, the bench of Justice Kurian Joseph and Justice Rohinton Fali Nariman gave Mallya a week's time to file his rejoinder as it directed the hearing of the matter on September 27, 2016.
 
Mallya's lawyer Mahesh Agarwal said the liquor baron has contended that the disclosure of the assets was for the settlement of outstanding dues with the banks, and since no settlement was taking place he was not obliged to make disclosure and consequently there was no contempt.
 
Attorney General Mukul Rohatgi told the court that Mallya's plea for the recall of the order could not be entertained as he has failed to make a personal appearance before the court in pursuance to the contempt notice. However, Justice Nariman asked him to respond to Mallya's application seeking the recall of the contempt notice so that the pleadings in the matter are completed and it is finally heard on any Tuesday. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Sindhu, Sakshi, Dipa, Jitu get Khel Ratnas
Shuttler P.V. Sindhu, wrestler Sakshi Malik, gymnast Dipa Karmakar, and shooter Jitu Rai were on Monday conferred the prestigious Rajiv Gandhi Khel Ratna -- the country's highest sporting honour -- at Rashtrapati Bhawan here.
 
President Pranab Mukherjee presented the awards amid thunderous applause at the Darbar Hall of the Rashtrapati Bhavan on the occasion of National Sports Day.
 
The President also gave away the Dronacharya awards to Nagapuri Ramesh (Athletics), Sagar Mal Dhayal (Boxing), Raj Kumar Sharma (Cricket), Bishweshwar Nandi (Gymnastics), S Pradeep Kumar (Swimming) and Mahabir Singh (Wrestling).
 
Apart from this, 15 sportspersons were given the Arjuna Awards, among them Olympian runner Lalita Babar, boxer Shiva Thapa, cricketer Ajinkya Rahane, wrestler Vinesh Phogat, hockey players Rani Rampal and VR Raghunath. While athlete Satti Geetha, hockey player Sylvanus Dung Dung and rower Rajendra Pralhad Shelke were conferred the Dhyanchand Award.
 
Disclaimer : Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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