- 1 - HC-KAR NC: 2025:KHC:20322-DB CCC No.1244/2014 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 12TH DAY OF JUNE, 2025 PRESENT THE HON'BLE MRS. JUSTICE K.S.MUDAGAL AND THE HON'BLE MRS. JUSTICE P SREE SUDHA CIVIL CONTEMPT PETITION NO.1244/2014 BETWEEN: 1. STATE BANK OF INDIA A BANKING CORPORATION CONSTITUTED UNDER THE STATE BANK OF INDIA ACT, 1955 (23 OF 1955) HAVING ITS CORPORATE CENTRE AT STATE BANK BHAVAN MADAME CAMA ROAD NARIMAN POINT MUMBAI - 400 021 AND HAVING ITS BANGALORE BRANCH AT 2ND FLOOR, OFFICE COMPLEX BUILDING SBI LHO COMPOUND, 65 ST. MARKS ROAD, BANGALORE – 560 001 2. AXIS BANK LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 AND A BANKING COMPANY WITHIN THE MEANING OF SECTION 5(C) OF THE BANKING REGULATION ACT, 1949 AND HAVING ITS REGISTERED OFFICE AT TRISHUL, THIRD FLOOR, OPP. SAMARTHESWAR TEMPLE, LAW GARDEN, ELLISBRIDGE, AHMEDABAD - 380 006 GUJARAT, INDIA AND HAVING ITS CORPORATE OFFICE AT AXIS HOUSE, C-2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG Digitally signed by K S RENUKAMBA Location: High Court of Karnataka - 2 - HC-KAR NC: 2025:KHC:20322-DB CCC No.1244/2014 WORLI MUMBAI – 400 025 3. BANK OF BARODA A BODY CORPOATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970 (5 OF 1970) HAVING ITS HEAD OFFICE AT BARODA HOUSE, P.B.NO.506, MANDAVI VADODARA-396006 ACTING THROUGH ITS BRANCH OFFICE AT P.O.BOX 11745 SAMATA BUILDING GENERAL BHOSALE MARG, NARIMAN POINT, MUMBAI-400021 4. BANK OF INDIA A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970 AND HAVING ITS HEAD OFFICE AT STAR HOUSE, C-5, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI-400 051 AND HAVING ITS LARGE CORPORATE BRANCH AT GROUND FLOOR, ORIENTAL BUILDING, 364, D.N.ROAD, FORT, MUMBAI-400 001 5. CENTRAL BANK OF INDIA A BODY CORPORATE CONSTITUTED UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER UNDERATAKINGS) ACT, 1980 AND HAVING ITS CORPORATE OFFICE AT CHANDRAMUKHI, NARIMAN POINT MUMBAI 560021 AND HAVING ITS CORPORATE FINANCE BRANCH (EARLIER KNOWN AS INDUSTRIAL FINANCE BRANCH) AT CHANDRAMUKHI GROUND FLOOR, NARIMAN POINT MUMBAI - 560021 - 3 - HC-KAR NC: 2025:KHC:20322-DB CCC No.1244/2014 6. CORPORATION BANK A BODY CORPORATE UNDER BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERATAKING) ACT, 1980 (40 OF 1980) HAVING ITS CORPORATE OFFICE AT MANGALADEVI TEMPLE ROAD PANDESHWAR MANGALORE 575 001 AND HAVING ITS INDUSTRIAL FINANCE BRANCH, AT RALLARAM MEMORIAL BLDG., 1ST FLOOR, CSI COMPOUND MISSION ROAD BENGALURU 560027 7. THE FEDERAL BANK LIMITED A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT FEDERAL TOWERS ALUVA 683 101, KERALA AND HAVING ITS BRANCH OFFICE AT ST MARKS ROAD 9, HALCYON COMPLEX ST MARKS ROAD BANGALORE 560 001 8. IDBI BANK LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 AND A BANKING COMPANY WITHIN THE MEANING OF THE BANKING REGULATION ACT, 1949 HAVING ITS HEAD OFFICE AT IDBI TOWER, WTC COMPLEX CUFFE PARADE, MUMBAI 400 005 MAHARASHTRA, INDIA AND ACTING THROUGH ITS BRANCH OFFICE AT CORPORATE BANKING GROUP - FAMG 9TH FLOOR, IDBI TOWER WTC COMPLEX CUFFE PARADE, COLABA MUMBAI 400005 9. INDIAN OVERSEAS BANK - 4 - HC-KAR NC: 2025:KHC:20322-DB CCC No.1244/2014 A BODY CORPORATED UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970 HAVING ITS CENTRAL OFFICE AT 763, ANNA SALI CHENNAI 600002 AND ITS BRANCH OFFICE AT HARIKRIPA, 26-A, S V ROAD SANTACRUZ (W) MUMBAI - 400 054 10. JAMMU & KASHMIR BANK LIMITED A BANKING COMPANY INCORPORATED UNDER THE PROVISIONS OF THE JAMMU & KASHMIR COMPANIES ACT NO.XI OF 1977 (SAMVAT) HAVING ITS REGISTERED OFFICE AT CORPORATE HEADQUARTER MAULANA AZAD ROAD SRINAGAR, KASHMIR 190001 AND ITS BRANCH OFFICE AT SYED HOUSE, 124 S V SAVARKAR MARG MAHIM (WEST) MUMBAI - 400 016 11. PUNJAB & SIND BANK A BODY CORPORATE UNDER BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERATAKING) ACT 1980 HAVING ITS HEAD OFFICE AT 21, RAJENDRA PLACE NEW DELHI 110 008 AND HAVING AMONGST OTHERS A BRANCH OFFICE AT J K SOMANI BUILDING BRITISH HOTEL LANE FORT, MUMBAI 400 023 12. PUNJAB NATIONAL BANK A BODY CORPORATE UNDER THE BANKING COMPANIES, (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970 (5 OF 1970) HAVING ITS HEAD OFFICE AT 7, BHIKAJI CAMA PLACE, NEW DELHI-110 607 - 5 - HC-KAR NC: 2025:KHC:20322-DB CCC No.1244/2014 ACTING THROUGH ITS LARGE CORPORATE BRANCH, AT CENTENARY BUILDING, 28, M.G.ROAD, BENGALURU-560 001. 13. STATE BANK OF MYSORE A BODY CORPORATE CONSTITUTED UNDER THE STATE BANK OF INDIA (SUBSIDIARY BANKS) ACT, 1959, HAVING ITS HEAD OFFICE AT KEMPE GOWDA ROAD, BENGALURU-560 009 AND ITS CORPORATE ACCOUNTS BRANCH AT NO.18, RAMANASHREE ARCADE M.G.ROAD, BANGALORE-560 001. 14. UCO BANK A BODY CORPORATE CONSTITUTED UNDER THE BANKING COMPANIES (ACQUISITION & TRANSFER OF UNDER TAKINGS) ACT 1970 AND HAVING ITS HEAD OFFICE AT 10, BTM SARANI, KOLKATA -700 001, WEST BENGAL, INDIA. AND ITS BRANCH OFFICE AT 1ST FLOOR, 13/22, K.G.ROAD, BENGALURU-560 009 15. UNITED BANK OF INDIA A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970 (5 OF 1970) HAVING ITS HEAD OFFICE AT 11, HEMANTA BASU SARANI, KOLKATA-700001 ACTING THROUGH ITS BRANCH OFFICE AT 40, K.G. ROAD, BENGALURU-560 009. COMPLAINANTS NOS.1 TO 15 REPRESENTED BY MR.S.RANGA VITTAL, - 6 - HC-KAR NC: 2025:KHC:20322-DB CCC No.1244/2014 AGE 50 YEARS, S/O MR.C.N.SRINIVASAN, ASSISTANT GENERAL MANAGER & CASE LEAD OFFICER VI STATE BANK OF INDIA. II FLOOR, OFFICE COMPLEX BLDG, SBI LHO COMPOUND 65, ST. MARKS ROAD, BENGALURU 560 001. … COMPLAINANTS (BY SRI.VIKRAM A HUILGOL, SR. ADVOCATE FOR SRI.VEERENDRA PATIL, ADVOCATE) AND: DR.VIJAY MALLYA S/O LATE SRI VITTAL MALLYA AND RESIDING AT 3, VITTAL MALLYA ROAD BENGALURU - 560 001 KARNATAKA, INDIA ALSO AT P.O.BOX, 17112, JEBEL ALI FREE ZONE, DUBAI UAE EMAIL:VJM@UBMAIL.COM …ACCUSED (BY SRI.RAJENDRA M S, ADVOCAE FOR SRI.VIVEK HOLLA, ADVOCATE) THIS CCC IS FILED UNDER ARTICLE 215 OF THE CONSTITUTION OF INDIA AND SECTIONS 11 & 12 OF THE CONTEMPT OF COURTS ACT, 1971 PRAYING TO INITIATE CONTEMPT PROCEEDINGS AGAINST THE ACCUSED/DR.VIJAY MALLYA AND PUNISH HIM IN ACCORDANCE WITH LAW FOR HAVING WILLFULLY BREACHED THE UNDERTAKING GIVEN TO THE DEBT RECOVERY TRIBUNAL ON 26.07.2013 IN OA NO.766/2013 THAT HE WOULD NOT TRANSFER, ALIENATE OR OTHERWISE DEAL WITH ITS ASSETS TILL THE NEXT DATE OF HEARING, BY CREATING PLEDGES. THIS PETITION, COMING ON FOR FRAMING OF CHARGES, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MRS. JUSTICE K.S.MUDAGAL AND HON'BLE MRS JUSTICE P SREE SUDHA - 7 - HC-KAR NC: 2025:KHC:20322-DB CCC No.1244/2014 ORAL ORDER (PER: HON'BLE MRS. JUSTICE K.S.MUDAGAL) Learned counsel for the complainant and accused submit that the accused is absconding and it is further submitted that some extradition proceedings to extradite him from United Kingdom to India are going on and he is still not secured. No purpose will be served adjourning this matter time and again unless the accused is secured. Therefore, reserving liberty to the complainant to revive the complaint, after presence of the accused is secured by the concerned authorities, the complaint is disposed of. 2. At this stage, Sri Vikram A Huilgol, learned Senior counsel appearing for Sri Veerendra Patil, advocate on record for the complainant submits that in the similar matter against the same accused Hon’ble Supreme Court in State Bank of India and ors vs. Dr.Vijay Mallya1 has held that in such cases apart from punishing the contemnor for his contumacious conduct, the majesty of law may demand that appropriate directions be issued by the Court so that any advantage secured as a result of such contumacious conduct is completely 1 2022 SCC Online SC 826 - 8 - HC-KAR NC: 2025:KHC:20322-DB CCC No.1244/2014 nullified. The said contention can be urged on revival of this case. Sd/- (K.S.MUDAGAL) JUDGE Sd/- (P SREE SUDHA) JUDGE AKC List No.: 1 Sl No.: 40