Vijay Mallya gets 4-month jail sentence, Rs 2000 fine in contempt case of bank default case of over Rs 9,000 crore.— Tushar Kant Naik ॐ♫₹ (@Tushar_KN) July 11, 2022
Very very strict punishment. 🤣 pic.twitter.com/cLOiMySxsx
SC imposes ₹2000 fine on Vijay Mallya pic.twitter.com/XbDvlvhPfh— Ninda Turtle (@NindaTurtles) July 11, 2022
SBI to SC for imposing a fine of rs 2000 on Vijay Mallya pic.twitter.com/yhlJfHdaGP— Rishikesh Taksale (@rishilectual) July 11, 2022
Vijay Mallya running away without paying Rs 2000 fine. pic.twitter.com/31uFgWT4Os— Gaurav Gulati (@gulatiLFC) July 12, 2022
Supreme Court of India: We impose a fine of Rs. 2000 on Vijay Mallya.— Sandeep Choudhary (@sandylogy) July 11, 2022
Vijay Mallya: pic.twitter.com/JlIswB4qP5
Breaking News:- #VijayMallya must have asked courts for some more time as he has to apply for a loan of Rs 2000 and no bank should be ready to pay such a huge amount looking at his previous financial frauds 😂😂 https://t.co/vsdKA6wsWc— ♧☆☆▪︎ Qúêěñ ▪︎☆☆♧ (@DQueen0404) July 11, 2022
And now because of this contempt of the court, Vijay Mallya has been sentenced to a four-month jail term and a fine of ₹2000 was imposed on him. ₹2000 is the highest amount under the Contempt of Courts Act. He was fined and sentenced only for these two offences. Not the ₹90 billion fraud.
The bench presided by Justice U U Lalit said he “shall be bound to deposit the amount received by such beneficiaries along with interest at the rate of 8 per cent per annum with the concerned Recovery Officer within four weeks.” In case the amount is not received, Recovery Officers can take appropriate proceedings. Failing to do so will add two months more to the jail term.