The Supreme Court today asked the government to produce fugitive businessman Vijay Mallya before it without which the contempt case against him can not move further. He also failed to obey court's order to appear before it.
A Bench of Justices A.K. Goel and Uday Lalit told the Attorney General that the court could not pass a sentence in absentia. Subsequently, the hearing was adjourned till July 14. The court was hearing contempt proceedings against Mallya filed by a consortium of 17 banks led by SBI which contended that the businessman had not made a truthful disclosure of his assets before the court and he had intentionally kept the court in dark on payment of $40 million which he received in February past year from British liquor major Diageo for stepping down as chairman of United Spirits Limited.
The absconding businessman was arrested by the Scotland Yard last month on fraud allegations, which triggered his extradition process in the British courts. Mallya is out on bail.
On February 8, India had given a formal extradition request for Mallya through a note verbale (verbal note).More news: Sprint has reportedly approached Warren Buffett about an investment
The Indian government is now in talks with the Britain in order to ensure the extradition of Vijay Mallya.
A joint team of the Central Bureau of Investigation ( CBI) and Enforcement Directorate ( ED) had also reached London. "You have to produce him before us".
One of the United Kingdom prosecutors had in a hearing acknowledged the "excellent cooperation from Indian authorities" and submitted that India had "sufficient material to establish a prima facie case", the report also states.