Supreme Court adjourns Vijay Mallya's property case

WION Web Team New Delhi, India Jul 29, 2019, 11.38 AM(IST) Edited By: Riya Gupta

File photo of Fugitive liquor baron Vijay Mallya. Photograph:( Reuters )

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Mallya on July 27 had moved the Supreme Court seeking a stay on the confiscation of properties owned by him and his relatives.

The Supreme Court on Monday adjourned fugitive businessman Vijay Mallya's case until August 2.

Mallya on July 27 had moved the Supreme Court seeking a stay on the confiscation of properties owned by him and his relatives.

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In his plea, Mallya has said that he wanted attachment of only those properties related to Kingfisher Airlines facing cases of alleged irregularities.

A consortium of banks led by the State Bank of India (SBI) had in 2016 filed a petition in the Supreme Court against Mallya for his failure to repay the loan amount of more than Rs 8,000 crore to various banks.

Mallya had allegedly failed to pay dues to more than 15 banks. The liquor tycoon had taken loans to pay dues of his now-defunct Kingfisher Airlines.

The former Kingfisher Airlines boss is currently in London fighting an extradition case against India authorities.

The consortium of banks had urged the court to direct Mallya to return to India and repay the loan.