The representatives from banks informed the court that Vijay Mallya deliberately didn’t make full disclosure of his assets including 40 million dollar he received in February.
Hearing a contempt plea, Supreme Court had ordered Vijay Mallya to disclose his assets to the court in April . This order was issued in bid to recover the dues including interest that he owes a consortium of 17 banks led by State Bank of India (SBI).

Sources said SFIO has widened investigations into the affairs of Kingfisher Airlines and is now focussing on the lenders as well as their top management personnel for the suspected lapses in the due diligence process before extending loans to the carrier.

The flamboyant Mallya, who has also been declared as a wilful defaulted, left the country in March this year amid lenders stepping up efforts to recover dues worth more than Rs 9,000 crore. As part of the probe, which has been going for more than three years, SFIO has already questioned Mallya and other officials of the now defunct airline.