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<ul><li>Indian Supreme Court has sentenced <keyword id="14678" type="General" weightage="20" keywordseo="vijay-mallya" source="Orion">Vijay Mallya</keyword> to four months jail term and imposed a fine of ₹2,000 on him.</li><li>The court found him guilty of contempt in 2017 over transferring $40 million to his children in violation of court orders.</li><li>Vijay Mallya fled to London back in March 2016 as he owned ₹9,000 crore to a consortium of 17 Indian banks.</li></ul>India’s most wanted borrower Vijay Mallya is filing appeal after appeal to stall his extradition back home. Even before he lands here, he has a jail sentence awaiting him and that’s just for one of adjacent offenses — transferring $40 million to his children in 2017. The Supreme Court of India <a href="https://www.businessinsider.in/india/news/indias-most-wanted-borrower-vijay-mallya-gets-sentenced-to-4-months-in-jail/articleshow/92797349.cms">on Monday</a> sentenced fugitive businessman Vijay Mallya to four months jail term and imposed a fine of ₹2,000 on him, after it found him guilty of contempt as he violated court orders and transferred the amount. The apex court said that the $40 million transaction carried out by Vijay Mallya is ‘void and inoperable’. It ordered the recipients, Mallya’s children, to return the amount with 8% interest to the recovery officer within four weeks. If the amount is not returned, Vijay Mallya's properties can be attached. Mallya has four children — Siddharth Mallya, Laila Mallya, Tanya Mallya, Leanna Mallya. A bench of Justices UU Lalit, S Ravindra Bhat and PS Narasimha passed the order. <cmsannotation type="cmsannotation" annotationid="Here is the complete timeline of Vijay Mallya’s fall from the King of Good Times to a fugitive:" comment="subhead" text="Here is the complete timeline of Vijay Mallya’s fall from the King of Good Times to a fugitive:">Here is the complete timeline of Vijay Mallya’s fall from the King of Good Times to a fugitive:</cmsannotation> Vijay Mallya fled to London back in March 2016 as he owned ₹9,000 crore to a consortium of 17 Indian banks. He is said to have left India with a wealth of ₹270 crore. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dates </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Events </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 9, 2016 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vijay Mallya flees India, while he was in discussion with banks to settle the ₹9000 crore debt incurred by his company, Kingfisher Airlines. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April 2016 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Banks reject Mallya's offers for payment of dues worth ₹9,000 crore. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April 2016 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Indian government revokes Mallya’s passport. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April 2016 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Enforcement Directorate moves special court to get a non-bailable warrant and Red Corner notice against Mallya. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April 2017 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mallya gets arrested in London over India’s extradition request and was released on bail within a few hours. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">October 2017 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vijay Mallya was once again arrested in London following an Enforcement Directorate affidavit. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 2018 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UK court notes that Indian banks broke rules to lend to Kingfisher Airlines. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">May 2018 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mallya loses a lawsuit filed by 13 Indian banks, seeking to collect $1.55 billion. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">May 2018 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UK court refuses to overturn worldwide order on freezing Mallya’s assets. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">June 2018 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vijay Mallya filed an application with Karnataka High Court to sell assets worth ₹13,900 crore. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">October 2018 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UK court orders auction of Mallya’s six luxury cars. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 2018 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UK court gives its nod to allow 13 Indian banks to use information disclosed in court as part of a worldwide freezing order in a case involving the sale of a luxury superyacht. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">December 2018 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UK court orders extradition of Vijay Mallya </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January 2019 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Special Prevention of Money Laundering (PMLA) court in India declares Mallya as a ‘fugitive economic offender. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">February 2019 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UK Home Secretary Sajid Javid orders Vijay Mallya's extradition to India. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April 2020 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">The Royal Courts of Justice rejected Mallya's plea against the extradition order of December 2018. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">British court grants bankruptcy order against Vijay Mallya. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vijay Mallya loses his plush London home after a British court refuses to grant him a stay order. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Indian Supreme Court sentences Vijay Mallya to four months jail term and imposes a fine of ₹2,000 on him. </td></tr></tbody><tbody></tbody></table> SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/retail/news/dmart-gets-it-mojo-back-from-monsoons-and-school-going-children/articleshow/92796927.cms">Unlockdowned - DMart gets it mojo back from monsoons and school-going children</a> <a href="https://www.businessinsider.in/india/news/indias-most-wanted-borrower-vijay-mallya-gets-sentenced-to-4-months-in-jail/articleshow/92797349.cms">India's most wanted borrower Vijay Mallya gets sentenced to 4 months in jail</a> <a href="https://www.businessinsider.in/business/news/this-is-why-it-costs-more-to-order-online-on-zomato-and-swiggy-than-to-dine-in/articleshow/92798769.cms">This is why it costs more to order online on Zomato and Swiggy than to dine-in</a>

Jail time awaits Vijay Mallya even as he tries his best to stall extradition — a timeline of his downfall

Until now, there was no rule of barring bankrupts from contesting elections, which is why the Ethics Committee of Parliament had to especially recommend the disqualification of absconding liquor baron <a href="http://www.businessinsider.in/Rajya-Sabha-MP-Vijay-Mallya-a-billionaire-had-asked-for-Rs-20000-as-perks/articleshow/51943521.cms">Vijay Mallya from Rajya Sabha</a>. However, keeping this in mind, there might come a new law to automatically disqualify a bankrupt person from becoming even a lawmaker. 
 The <keyword id="3345895" type="UNKNOWN" weightage="100" keywordseo="Joint-Committee-of-Insolvency-and-Bankruptcy-Bill">Joint Committee of Insolvency and Bankruptcy Bill</keyword>, which is headed by BJP MP Bhupender Yadav, has put forth a recommendation that counts several such disqualifications for bankrupts, and it also includes being disqualified from being elected to any public office through elections or in any local authority. If the government nods yes to these recommendations and it gets incorporated in the revised Bill is expected to be presented in this current Parliament session, this ban could further be extended to people contesting elections for municipal bodies, state assemblies and Parliament. 
 
<a href="http://www.businessinsider.in/Forcing-Vijay-Mallya-to-come-back-to-India-is-bad-strategy/articleshow/51945959.cms">Also read: 'Forcing Vijay Mallya to come back to India is bad strategy' 'Forcing Vijay Mallya to come back to India is bad strategy'</a> 
 
Mallya, who emerged as one of the most prominent <a href="http://www.businessinsider.in/Vijay-Mallya-makes-a-proposal-offers-to-repay-Rs-4000-cr-debt-by-September-this-year/articleshow/51612831.cms">loan defaulters</a> in India, has <a href="http://www.businessinsider.in/Indian-wants-Vijay-Mallya-deported/articleshow/52027466.cms">fled the country</a> and said that he <a href="http://www.businessinsider.in/Vijay-Mallya-safe-in-UK/articleshow/52041381.cms">won’t return to India</a> amidst these conditions. 
 
The past few years have seen many businessmen coming to the Parliament and state assemblies, and some of them also have a chequered loan repayment record. This is why the committee has recommended that people who have been declared bankrupt could also not be able to become public servants or being appointed as a trustee for a trust, estate or settlement. 
 
<a href="http://www.plcla.com/wp-content/uploads/2012/07/monopoly.jpg">Image source</a>

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Jail time awaits Vijay Mallya even as he tries his best to stall extradition — a timeline of his downfall

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