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Vijay Mallya Live: DCT Allows Banks to Recover Debts in Kingfisher Case

Bengaluru: The Debt Recovery Tribunal(DCT) on Thursday allowed bankers to start proceedings to recover Rs 6,203 crore debt from beleaguered businessman Vijay Mallya.

DCT was hearing the pleas of a 17-bank consortium led by SBI against beleaguered liquor baron Vijay Mallya in the Kingfisher Airlines case.

Mallya, who left the country on March 2, 2016, was declared Proclaimed Offender by a special PMLA court in Mumbai on a plea of Enforcement Directorate in connection with its money laundering probe against him in the alleged bank loan default case.

Stay tuned for live updates…

Jan 19, 2017 12:10 pm (IST)

Vijay Mallya Case: Debt Recovery Tribunal allows original application of Bankers (i.e Bankers can now begin process to recover the amount).

— ANI (@ANI_news)
January 19, 2017