When Venugopal referred to the status report filed by the government, the bench observed, "we cannot analyse it in his (Mallya) absence. Matter be put up before us on his (Mallya) production before this court," the bench noted in its order. The bench had reserved its order on two pleas of the lending banks seeking contempt action and a direction to Mallya to deposit USD 40 million received from offshore firm Diageo respectively. The banks have alleged that Mallya had concealed facts and diverted the money to his son Siddharth Mallya and daughters Leanna Mallya and Tanya Mallya in "flagrant violation" of the orders passed by the Karnataka High Court. The banks had on August 29 last year told the apex court that Mallya had deliberately not made full disclosure of his assets including the USD 40 million he received on February 25 from Diageo.

Source: India Today July 14, 2017 12:22 UTC