You are here: Home » Companies » News
Business Standard

SC judge recuses from hearing Mallya plea against order to pay Rs 3,101 cr

A bench of Justices Nariman and S Ravindra Bhat observed that Mallya has not deposited a single penny to the banks so far.

SC judges | Vijay Mallya | Kingfisher Airlines

Press Trust of India  |  New Delhi 

Vijay Mallya
In this file photo dated April 27, 2018, Vijay Mallya arrives for a hearing for his extradition case in London. UK Home Secretary Sajid Javid ordered the extradition of Vijay Mallya to India, on Monday, Feb 4, 2019.

Supreme Court judge Justice R F Nariman Monday recused himself from hearing a plea of fugitive businessman against a Karnataka High Court directing him to pay Rs 3,101 crore to a consortium of banks.

A bench of Justices Nariman and S Ravindra Bhat observed that Mallya has not deposited a single penny to the banks so far.

Justice Nariman however refused to hear the matter and directed that it be listed before another bench of the apex court.

Senior advocate S Guru Krishna Kumar, appearing for Mallya, said at the outset that other petitions filed by him were coming up for consideration before another bench.

"Let the matter be listed before a Bench of which one of us (Justice RF Nariman) is not a Member," the bench said in its order.

Mallya challenged Karnataka High Court orders, of October 5, 2018 and September 13, 2019, before the apex court. The orders had upheld the decision of the Debts Recovery Appellate Tribunal (DRAT), Bangalore to deposit Rs 3,101 crore as a precondition to hearing his appeal against a (DRT) order.

The DRT Bangalore had on January 19, 2017 directed Mallya to pay Rs 6,203 crore with interest to a consortium of banks led by State Bank of India, who had lent money for now defunct

Mallya challenged the order before the DRAT in 2018, which dismissed the appeal for want of appearance and non-compliance of objections.

He again moved DRAT and filed an application seeking restoration of his appeal.

The DRAT, on March 28, 2018, directed Mallya to deposit Rs 3,101 crore on or before April 25, 2018 and observed that in case of failure in compliance, the appeal will be liable to be dismissed automatically.

Mallya then challenged the March 28, 2018 order before the High Court, which dismissed his appeal on October 5, 2018 and subsequently he knocked the door of apex court.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, January 20 2020. 20:50 IST