SC to pronounce verdict against Vijay Mallya in contempt case today

Mallya, who is in the United Kingdom since March 2016, was found guilty of contempt of court for transferring $40 million to his children, in a case filed by the State Bank of India

The Supreme Court (SC) on Monday will pronounce the sentence against fugitive billionaire Vijay Mallya in a 2017 contempt case, where he was found guilty of violating the orders of the court. 

A bench comprising Justices U U Lalit, S Ravindra Bhat, and P S Narasimha had reserved its order in the case against Mallya, who has been accused in a bank default case of over Rs 9,000 crore, on March 10 this year. The bench had observed that proceedings against Mallya have hit a "dead wall".

Mallya, who is in the United Kingdom since March 2016, was