Contempt proceedings against Mallya only when he is produced
Contempt proceedings against Mallya only when he is produced
Vijay Mallya used 13 shell companies to launder over Rs 1300 crore, says ED
15 July, 2017, 06:21
It had directed Mallya to personally appear before the court to face punishment.
As Attorney-General K.K. Venugopal detailed India's extradition request made in February 2017 before the United Kingdom government and the subsequent steps taken, a Bench of Justices A.K. Goel and U.U. Lalit intervened to say that the court does not wish to "oversee" the government's efforts to bring Mallya back.
As per ANI, AG Venugopal informed the Supreme Court that the extradition proceedings, regarding the matter, are being conducted in UK Court and would most likely end by December 4.
The Supreme Court took note of the government's stand and adjourned the hearing on contempt saying "it would proceed further in the case only when Mallya is produced before it".
He had been asked to present himself before the court to argue the quantum of sentence. 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.
On May 9, the top court had ruled Mallya guilty of contempt after he failed to declare details of his assets, and thus, upheld the plea by a consortium of banks that sought the initiation of recovery proceedings to the tune of Rs 9,000 crores.
Talking to HT, attorney general KK Venugopal said, "Hopefully we should get him back by January 2018".
The agency has made this indictment against Mallya in its charge sheet filed on June 14 in the money laundering case involving a loan of about Rs 900 crore from IDBI-KFA bank.
According to the FAA, the Piper PA44 was approximately 22 miles north of Ormond Beach when it lost radar contact around 11 p.m. Staly said the aircraft may have cut a tree before it crashed but it is not immediately clear why the plane went down.
Cazes was arrested at the Private House housing estate on Phutthamonthon Sai 3 Road in Thawi Watthana district on July 5. Some users on the /r/DarkNetMarkets subreddit blamed the vulnerabilities of AlphaBay for the shutdown of the website.
Another natural disaster with a magnitude of 3.8 was recorded near Stroud at 9:04 a.m., and a 3.7 occurred at 9:17 a.m. Various people on Twitter have claimed to have felt the quake in Oklahoma City and Tulsa as well as Stillwater.
Kenseth had a solid round just days after it was announced he would be out at Joe Gibbs Racing at the end of the season. Larson will start last in the 39-car field, the second race in a row he's had to do so after failing inspection.
The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Warren Averett Asset Mngmt Ltd, a Alabama-based fund reported 506 shares. 1,273 were accumulated by Edge Wealth Mngmt Ltd Co.
The SEC alleges Yan made over $9,700 from his Mattress Firm shares and nearly $110,000 from the Stillwater call options. Linklaters represented Steinhoff International Holdings NV, which in August 2016 said it was buying Mattress Firm.
The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. The stock had opened the regular trading at $74.67 and managed a 1.5% price change to reach $75.05 through the close.
In her acceptance speech she said, "My mother always said, 'One day I'm going to take you kids (to Disneyland)". Quoting baseball legend Lou Gehrig he said, " Today I call myself the luckiest man on the face of the earth.
The company has hired Morgan Stanley (NYSE:MS) and Citigroup Inc (NYSE:C) to help it explore the possibility of launching an IPO . Roku investors include 21st Century Fox, Sky, Hearst, Fidelity Investments, Menlo Ventures and Globespan Capital Partners.
CITY -Health officials in Cleveland County say one resident has already been infected with West Nile Virus. The virus primarily affects birds but it can affect other animals, particularly horses, and humans.
Their family thought they were joking. "I ended up in a neck brace and had to have a CT scan", Andy Price added to the BBC . Sharon and Andy Price were excited to try the iconic move from their favorite movie, " Dirty Dancing ". "I was concussed.
The operator of the second involved passenger vehicle's name is now being withheld, pending death notification to family members. All travel lanes of Interstate 65 northbound are now closed, with delays expected for an extended period of time.
Oregon WR Carrington off team following DUI arrest
Carrington was stopped and arrested by EPD at 3:15 a.m. and taken to the Lane Country Jail for processing. Carrington, who graduated in June, is scheduled to appear in Eugene Municipal Court next week.
Revenue Estimates Analysis Of Johnson & Johnson (JNJ)
On average, analysts anticipate that Johnson & Johnson will post $7.10 earnings per share for the current fiscal year. The Louisiana-based Louisiana State Employees Retirement System has invested 0.09% in Prologis Inc (NYSE:PLD).
SC orders CBI probe into extra-judicial killings in Manipur
The 1958 act grants power to the armed forces to arrest and hold searches, and also provides them immunity against prosecution. The order is specific to those cases in which judicial inquiries were ordered by Gauhati and Manipur high courts.
Luxury phone brand Vertu shuts down
British luxury phone maker Vertu has gone into liquidation, resulting in the loss of almost 200 jobs, it has been revealed. Vertu made Luxury smartphone with a high price and entry level models starts at £11,000 and went up to £39,000.
Wonderful Williams ends Konta's Wimbledon dream
I was sometimes thinking maybe I'm never going to come back, and here I am in the semi-final of a grand slam. The result 6-4, 6-2 might suggest otherwise, but we saw a real battle in this match.
Big Military Spending Boost Passed by House
Before voting on final passage, 27 Republicans joined Democrats to turn aside a contentious amendment crafted by Rep. The 2018 NDAA represents a almost $50 billion increase over the former President's budget proposal .
Aru takes yellow off Froome as Bardet wins stage 12
Today's big mountain stage in the Pyrenees was meant to be one of the most challenging stages of this year's Tour de France. Fabio Aru (Astana) claimed his first Tour de France win in stage five after putting up a remarkable performance.
Everton Target Sigurdsson Refuses To Go On Swansea Tour
Everton have courted Sigurdsson throughout the summer, and are now thought to be closing in on their ninth signing of the summer. However, on Thursday, Swansea have confirmed that Gylfi Sigurdsson has not travelled with Paul Clement's side to the US.