{"id":47304,"date":"2017-03-09T09:12:31","date_gmt":"2017-03-09T03:42:31","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=47304"},"modified":"2017-03-09T09:12:31","modified_gmt":"2017-03-09T03:42:31","slug":"sc-asks-mallya-whether-truthfully-disclosed-assets","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/sc-asks-mallya-whether-truthfully-disclosed-assets","title":{"rendered":"SC asks Mallya whether he truthfully disclosed assets"},"content":{"rendered":"<figure id=\"attachment_44164\" aria-describedby=\"caption-attachment-44164\" style=\"width: 275px\" class=\"wp-caption alignright\"><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/Mallya.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"44164\" data-permalink=\"https:\/\/www.legalindia.com\/news\/hc-upholds-summoning-vijay-mallya\/mallya\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/Mallya.jpg?fit=275%2C183&amp;ssl=1\" data-orig-size=\"275,183\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Mallya\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/Mallya.jpg?fit=275%2C183&amp;ssl=1\" class=\"wp-image-44164 size-full\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/Mallya.jpg?resize=275%2C183&#038;ssl=1\" alt=\"SC asks Mallya whether he truthfully disclosed assets\" width=\"275\" height=\"183\" \/><\/a><figcaption id=\"caption-attachment-44164\" class=\"wp-caption-text\">SC asks Mallya whether he truthfully disclosed assets<\/figcaption><\/figure>\n<p>The Supreme Court today put forth searching questions to liquor baron Vijay Mallya on the disclosure of his assets to the court.<\/p>\n<p>A bench comprising Justices A K Goel and U U Lalit asked Mallya if he had been truthful after a consortium of banks led by the SBI alleged that USD 40 million was transferred by Mallya to his three children in complete violation of the Karnataka High Court order.<\/p>\n<p>Moreover, the fact that USD 40 million was received by Mallya from a United Kingdom-based company Diageo PLC was not disclosed before the court here, Attorney General Mukul Rohatgi, appearing for the banks, alleged.<\/p>\n<p>Taking note of the allegation, the bench asked the counsel for Mallya to respond to the AG&#8217;s query whether &#8220;he truthfully disclosed his assets or not&#8221;.<\/p>\n<p>It also wanted to know as to whether by transferring USD 40 million to his children, he violated the Karnataka High Court order in this regard or not.<\/p>\n<p>The Karnataka High Court had restrained Mallya from transferring or alienating any movable and immovable assets to any third party.<\/p>\n<p>The bench would resume hearing at 2 PM.<\/p>\n<p>( Source &#8211; PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court today put forth searching questions to liquor baron Vijay Mallya on the disclosure of his assets to the court. A bench comprising Justices A K Goel and U U Lalit asked Mallya if he had been truthful after a consortium of banks led by the SBI alleged that USD 40 million was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[146,31987,3518,117,80,47726,10449],"class_list":["post-47304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-court","tag-featured","tag-karnataka-high-court","tag-law","tag-legal-news","tag-supreme-court","tag-vijay-mallya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SC asks Mallya whether he truthfully disclosed assets - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Supreme Court today put forth searching questions to liquor baron Vijay Mallya on the disclosure of his assets to the court. 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