New Delhi, April 7 (PTI) escaped wine baron Vijay Mallya claims Indian banks can already use his property ₹141.316 million, more than twice the amount he owed to public sector banks.
Mallya cited details of the repairs made by the law enforcement bureau against intentional offenders in the Treasury annual report 2024-25, saying the bank has retried it ₹14,131.8 million objections ₹62.03 million awarded by the Debt Recovery Tribunal.
“Finally, the debt against DRT judgment is violated ₹62.03 million, accepted ₹14,131.8 million, this will be evidence in my UK bankruptcy filing. Want to know what the bank would say in the UK court,” Mary said in an article on X.
The report shared details of Mallya and 10 other fugitive economic offenders, saying a total of 44 extradition requests have been sent to 36 individuals to various countries.
According to the Department’s annual report, all value attachments ₹For Vijay Mallaya, Rs 14,131.6 crore has been successfully restored.
The report said the emergency room efforts have been a representative of successful extradition of various fugitive economic offenders and other defendants in the competent courts abroad.
It said: “In this regard, it is necessary to mention that the British court has approved the extradition of a few prominent defendants to India after effective representatives coordinated with other LEAs (law enforcement agencies) and Indian missionaries abroad.”
2017 Bangalore DRT bench has ordered the bank’s SBI-led consortium to begin the process of recovery ₹From the Kingfisher Airlines case, the beleaguered Mallya and its company had an annual interest rate of 11.5%, at Rs 622 crore.
Mallya fled to the UK in March 2016 and was wanted for breach of contract in India ₹Several banks lend ESRT Rs 9,000 crore.
India has been seeking Mallya’s extradition from the UK. He has offered to repay 100% of the “public fund” in the past, but accused banks and government of rejecting his proposal.
In February, a London court heard a complex series of arguments involving a consortium of banking led by the National Bank of India demanding repayment of the 69-year-old businessman’s now-defunct Kingfisher Airlines’ debt of about £1.05 billion.
