SC directs Vijay Mallya to disclose assets by Apr 21, banks reject his loan repayment offer

New Delhi: The Supreme Court on Thursday directed beleaguered liquor baron Vijay Mallya to disclose to it all his assets — movable and immovable and tangible and intangible — and other interests in India and abroad by April 21.

Rejecting Mallya’s proposal in the current form to pay Rs 4,000 crore out of the loan, consortium of banks sought his presence in the country to show his bonafide that he is serious in settling his dues.

The apex court also asked Mallya to file his reply by April 21, indicating how much amount he can deposit in SC to prove his bonafide.

A Bench comprising Justices Kurian Joseph and Rohinton F Nariman will resume hearing on April 26.

Last week, the airline and Mallya had submitted a proposal in the apex court to pay Rs 4,000 crore by September to the consortium of 17 banks led by State Bank of India.