Mallya's plea challenging confiscation of properties to be heard on Friday

SC has adjourned a plea filed by fugitive liquor baron Vijay Mallya seeking a stay on the confiscation of his properties by the Enforcement Directorate to August 2.

New Delhi: The Supreme Court on Monday agreed to hear on Friday the plea of fugitive economic offender Vijay Mallya challenging the confiscation of properties belonging to the companies owned by him and his family members.

Mallya in his plea said that he wanted attachment of only those properties that are related to Kingfisher Airlines facing cases of alleged irregularities.

A bench headed by Chief Justice Ranjan Gogoi took note of the submission of F S Nariman, appearing for Mallya, that the fresh plea be heard along with the pending one on the legality of the law and the action to confiscate the properties.

The senior lawyer sought adjournment of hearing on the petition questioning the confiscation of properties.

The bench has now posted the matter for hearing on August 2.

What the matteris?

A consortium of banks led by the State Bank of India (SBI) had in 2016 filed a petition in the Supreme Court against Mallya for his failure to repay the loan amount of more than Rs 8,000 crore to various banks.

Mallya had allegedly failed to pay dues to more than 15 banks. The liquor tycoon had taken loans in order to pay dues of his now-defunct Kingfisher Airlines.

The consortium of banks had urged the court to direct Mallya to return to India and repay the loan.

On July 11, the Bombay High Court had dismissed Mallya's plea seeking stay on the procedure for the confiscation of his properties by government agencies.

Mallya had fled India in March 2016 and has been living in the United Kingdom since then.