Why did SC hold Vijay Mallya guilty of contempt of court?
A consortium of banks led by SBI, trying to recover their money, had filed a contempt plea against Vijay Mallya last year. The Supreme Court found that Mallya received $40 million from British firm Diageo in February 2016, which he transferred to his children, instead of repaying the â¹9000 crore loan he had taken for his now defunct Kingfisher Airlines.