Karnataka High Court issues bailable warrant against Vijay Mallya

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The Karnataka High Court has ordered a bailable warrant against liquor baron Vijay Mallya in connection with a contempt petition filed by a consortium of banks that lent money to his now-defunct Kingfisher Airlines.

A division bench comprising Justice Jayant M Patel and Justice Aravind Kumar had on January 20 directed Mallya to appear before them during framing of charges against him.

The consortium of banks led by State Bank of India filed the contempt petition in 2014. It pertains to the alleged violation of an oral undertaking Mallya gave before the Debts Recovery Tribunal on July 26, 2013 on not transferring, alienating or otherwise dealing with his assets.