The Supreme Court on Tuesday held beleaguered liquor baron Vijay Mallya guilty of contempt in a case filed by a consortium of 13 banks he owes money to.

A bench of Justice Adarsh Kumar Goel and Justice Uday Umesh Lalit gave Mallya an opportunity to present his case on July 10, when the case will next be heard.

The court order came on a petition by a consortium of 13 banks led by State Bank of India seeking the recovery of more than Rs 6,000 crore that they had given to now grounded Kingfisher Airlines.

India's Central Bureau of Investigation (CBI) and Enforcement Directorate initiated criminal investigation against Mallya in July 2015 and January 2016 respectively under the Prevention of Money Laundering Act.

The Indian agencies took the step on the basis of complaint filed by a consortium of 17 banks led by the State Bank of India.

The cases were registered against Mallya, Kingfisher Airline, UB Group company United Breweries Holdings Ltd and others.

The Enforcement Directorate in March and April 2016 issued a number of summons against Mallya to appear before it but he failed to do so.

Subsequently, a non-bailable warrant was issued against Mallya by a Mumbai court in April 2016. His passport was revoked on April 23.

The court in November ordered the seizure of domestic assets of Mallya and entities controlled by him.

The Enforcement Directorate said that it has attached properties of Mallya and his companies having market value more than Rs 8,000 crore.