K. K. Venugopal, appearing for Centre, told the apex court that extradition proceedings are being conducted in a British court and would most likely end by December 4.
Taking note of Attorney General KK Venugopal's submissions, a bench comprising of Justices AK Goel and UU Lalit suggested that sentencing in the case where Mallya was held guilty of contempt will take place only after he is produced in court in person. The AG said the United Kingdom court would take up the matter on December 4 and that all efforts are being taken for his extradition.More news: 3D printing helps ETH Zurich scientists create beating silicone heart
The apex court's order had come on a plea by the consortium of banks, led by the State Bank of India (SBI), which had said that Mallya had allegedly transferred Dollars 40 million received from British firm Diageo to his children in "flagrant violation" of various judicial orders. You have to produce him before us. "You produce him in the court and we will consider the punishment", the Bench said.
The Indian government is now in talks with the Britain in order to ensure the extradition of Vijay Mallya.
A consortium of banks led by India's largest lender State Bank of India, in a plea before the top court, had said that the businessman transferred $40 million received from Diageo to his children in violation of various court orders.More news: Hanged man was 'dark web mastermind'
Mallya, whose now-defunct Kingfisher Airlines allegedly owes more than Rs 9,000 crore to various banks, had fled India on March 2, 2016.
The banks had argued before the court that Mallya had wilfully disobeyed the orders and made "vague" disclosure about his assets.More news: Askew-Henry makes another watch list
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