A bench of Justices Kurian Joseph and R F Nariman also pulled up Mallya for not giving details of USD 40 million which he had received from British firm Diageo on February this year.

 

"We are prima facie of the view that the report has not made a proper disclosure in respect of our order of April 7, 2016, directing to make complete disclosure of assets and in particular, the receipt of USD 40 million as when it was received and how it has been dealt till date," the bench said.

 

It also asked Mallya, who had earlier informed the court about his properties in India, to disclose complete details of his assets abroad in four weeks.

 

The bench posted the matter for further hearing on November 24.

 

A consortium of banks including SBI had on August 29 told the Supreme Court that Mallya had deliberately not made full disclosure of his assets including the USD 40 million which he received on February 25 from the British firm Diageo.

 

On July 25, the apex court, after noting the submissions by Attorney General Mukul Rohatgi, had issued notice to Mallya on the banks' plea and asked him to respond.

 

Rohatgi told the court that Mallya had provided wrong details of his assets in a sealed cover to the apex court.

 

AG had further alleged that a lot of information had also been concealed, including a cash transaction to the tune of Rs 2,500 crore, which amounted to contempt of court.

 

Rohatgi had said that the liquor baron had also not agreed to deposit "substantial amount" as part of Rs 9,400 crore loan due on him to establish his bonafide.

 

Mallya had maintained that the banks had no right over information regarding his overseas movable and immovable assets as he was an NRI since 1988.

 

Mallya had also claimed that as an NRI, he was not obliged to disclose his overseas assets, and added that his wife and three children, all US citizens, also need not disclose their assets.

 

The court on April 7 had directed Mallya to disclose by April 21 the total assets owned by him and his family in India and abroad while seeking an indication from him when he would appear before it.

 

It had asked Mallya, who owes over ₹9,000 crore to around 17 banks, to deposit a "substantial amount" with it to "prove his bonafide" that he was "serious" about meaningful negotiations and settlement.