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Contempt proceedings against Vijay Mallya to proceed only in his presence

Even as there is still no sign of businessman Vijay Mallya, the government assured the Supreme Court on Friday that it is taking steps to extradite him from the United Kingdom.A bench of Justices A K Goel and U U Lalit took note of the Centre’s submission that proceedings to extradite Mallya were going on in London and the hearing on the matter has been scheduled for December 4.However, Mallya was released on bail as he assured the court to abide by all conditions associated with extradition proceedings, including surrendering his passport.Mallya has been held guilty by the Supreme Court of contempt of court for not honestly disclosing all his assets and diverting his $40 million to overseas accounts of his family members in violation of the court’s order.Last month, the Ministry of External Affairs ( MEA) informed that the 61-year-old’s extradition had been stratified by the Secretary of State of the U.K. Government and added that a warrant would soon be released against him.It had directed Mallya to appear before it today to argue on the quantum of punishment.The Indian government is now in talks with the Britain in order to ensure the extradition of Vijay Mallya.Earlier, the court was hearing the plea of the consortium of banks which alleged that Mallya transferred Dollars 40 million he received as a loan from a British firm to his children instead of paying his dues.Vijay Mallya is accused of failing to return Rs 9,000 crore which had been taken as a loan. 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.