T--odd correlations in (B -> K* l^+ l^-) decay beyond standard model

T–odd correlations as physical observables in the $B \rar K^\ast \ell^+ \ell^-$ decay have been studied using the most general form of the effective Hamiltonian. It is observed that these quantities are very sensitive to the new physics. We estimate the potential of discovery of these quantities at future hadron colliders.