Fugitive liquor businessman Vijay Mallya has filed a petition in the Karnataka High Court claiming that Indian banks have recovered many times more loans than Rs 6,200 crore.
In this context, Mallya has sought account details showing the details of the amount recovered from himself, United Brued Holdings Limited (UBHL) and other debates.
The application was filed by the fugitive businessman on 3 February. The Karnataka High Court today issued notice to banks regarding this petition. Justice R Devdas has ordered banks to respond to the notice by 13 February.
On behalf of Mallya, senior advocate Sajan Puvaiya argued that although the loan has been recovered, additional recovery against Mallya is going on.
Puvaiya told the court that the Debt Recovery Tribunal (DRT) had ordered Kingfisher Airlines to pay Rs 6,200 crore as primary debtor and UBHL as a guarantor.
He further said that since 2017, it has been recovered by Rs 6,200 crore several times. The recovery officer has also confirmed that Rs 10,200 crore has been recovered. The Finance Minister also said in Parliament that Rs 14,000 crore has been recovered.
SBI has accused a fugitive businessman in IDBI Bank-Kingfisher Airlines loan fraud case. The process of bringing Mallya back to India is going on to face the matter.
