Supreme Court's big decision will come against Vijay Mallya on Monday

Vijay Mallya Latest News: Vijay Mallya transferred about $ 40 million received from the Diego deal to his children.

On 9 May 2017, the Supreme Court found Vijay Mallya guilty of contempt of court. SC will deliver its verdict on July 11.

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The verdict will be pronounced by a three-judge bench headed by Justice U U Lalit. SC had reserved the verdict on March 10.

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The order of the Supreme Court was that without the permission of the court, Mallya cannot do any transaction.

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But he didn't. Vijay Mallya transferred about $ 40 million from the Diego deal to his children, which is in violation of the court order.

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All the banks demanded that the $40 million received from the Diego deal be deposited in the Supreme Court registry.

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SBI had said that Mallya owes Rs 9200 crore and Mallya's petition should not be heard. Because he is repeatedly disobeying orders.

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Let us tell you that Vijay Mallya has said that he does not have enough money to repay the loan of Rs 9200 crore.

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Mallya has said that all his properties have already been confiscated by the government, now from where will he repay the loan.

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