Another ‘Bad News’ for Vijay Mallya his overseas assets to be made available to banks!

Harshita Bajaj April 26, 2016

350 1 minute read

LONDON, ENGLAND - DECEMBER 12: Sahara Force India Team Principle Vijay Mallya welcomes Sergio Perez as their new driver on December 12, 2013 in London, England. (Photo by Scott Heavey/Getty Images)

The Supreme Court has ordered Vijay Mallya to make all his overseas assets public to the bank. The liquor baron, who is currently under a debt of Rs 9,000 crore was asked to disclose his, his wife’s and his children’s overseas assets. Debt of Rs 9,000 crore was asked to disclose his, his wife’s and his children’s overseas assets.

Source

(Vijay Mallya)

As Mallya is not in favour of coming back to India and appearing in front f the court, the SC wants that the sealed cover that was submitted to the court (which contained his overseas assets’ information) to be made available to the banks.

The SC was hearing a petition on how Mallya was not cooperating and had refrained on disclosing his assets

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