SC Sentences Vijay Mallya to 4 Months in Jail, Imposes Rs2,000 Fine for Contempt of Court
The Supreme Court on Monday awarded four months' jail to fugitive businessman Vijay Mallya and imposed a fine of Rs2,000 under contempt charge and added that adequate punishment is must to uphold the majesty of the law.
 
In March, the top court had reserved the order on sentence to Mr Mallya, who was found guilty of contempt in 2017 for disobeying court's order for not disclosing full particulars of assets in case between the State Bank of India (SBI) and Kingfisher Airlines. 
 
A bench headed by justice UU Lalit also ordered Mr Mallya to deposit USD 40 million, which he had transferred to his family members in violation of the court orders.
 
The top court noted that Mr Mallya did not show any remorse for his conduct and also did not appear before the court. The top court ordered Mr Mallya to deposit US$40mn (million), with interest within four weeks, failing which attachment against his properties will be initiated.
 
On 10th February, the top court gave final opportunity to Mr Mallya, seeking his appearance, before it pronounced sentence in the contempt case filed by banks, in which he was found guilty.
 
The top court said it has found Mr Mallya guilty of contempt and punishment has to be imposed. It added that going by normal logic the contemnor has to be heard, but he has not appeared before the court so far.
 
The bench clarified that if Mr Mallya is not present in the hearing, then the matter will be taken to its logical conclusion.
 
According to a judgment delivered on 14 July 2017, Mr Mallya was found guilty of contempt for not paying Rs9,000 crore worth of dues to the banks despite repeated directions. Additionally, he was also accused of not disclosing his assets and also secretly trying to dispose the assets to defeat the purpose of recovery proceedings.
 
On 6 October 2020, the ministry of home affairs told the Supreme Court that the UK Home Office has intimated that there is a further legal issue which needs to be resolved before Vijay Mallya's extradition takes place and this issue is outside and apart from the extradition process having effect under the UK law.
 
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Comments
saharaaj
3 months ago
Insult to Billionaires .. stature 2000 SC .. this amount is for Municipal courts .. Does the law prescribe 2k as celing on fines .. then law must be amended
milindnadkarni
3 months ago
I am not a legal expert and thus cannot comment on the quantum of the punishment. Perhaps it is the maximum one can be punished under the law, which was violated, for this offence. However, common sense tell me that a fine of Rs.2,000 (nearly 10 GBP) for a person who has run away from India, closed down his company and brought several employees literally on road and last but not the least (by reports in the media) is living lavishly in UK, is far too less, shall we say just a "symbolic" punishment. I understand that this punishment is only for a limited offence(s) (& hopefully there will be bigger punishment(s) for his other offences), even then it is neither big to deter someone thinking of similar offense nor really penalize the offender. Another aspect is, since he is living in UK, how will this be implemented ?
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