The Supreme Court on Monday asked the consortium of banks led by the SBI to respond to beleaguered liquor baron Vijay Mallya's plea seeking 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 10 days time to the State Bank of India (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.
Mallya's lawyer 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.
Contesting the allegation that he had not made full disclosure of his assets, Mallya, now residing in London, said that the disclosures made by him about his assets and liabilities, submitted to the court in a sealed cover on March 31, were "accurate" and were meant for lending banks to have a "fair idea" for a read more..
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