SC to hear banks plea to stop Vijay Mallya to leave India

Vijay Mallya

The Supreme Court on Wednesday to hear a petition filed by a consortium of 13 banks seeking its directives to stop liquor baron Vijay Mallya from leaving the country.

Consortium of 13 banks led by State Bank of India approached the Supreme Court on Tuesday to prevent Vijay Mallya from leaving the country, but they may have left it for too late. Mallya is believed to have left for a foreign destination a few days ago.

Read More: Banks move Supreme Court to stop Vijay Mallya from leaving the country

The banks urged the court to stop him from going abroad as they claimed he owed them over Rs 9,000 crore. The banks were represented by attorney general Mukul Rohatgi, indicating the government was backing the petitioners against Mallya, who recently said he wished to settle in London.

Mallya’s spokesperson said she had no information about his whereabouts and that he was communicating only through email. A consortium of 13 banks on Tuesday approached the SC, a day after a Debt Recovery Tribunal (DRT) restrained Mallya from disbursing in any manner Rs 515 crore paid to him by liquor major Diageo for exiting United Spirits. But the tribunal refused an interim order to freeze Mallya’s passport.

Mallya has reportedly expressed a desire to settle in London following the Rs 515 crore deal with Diageo, the banks said through attorney general Mukul Rohatgi.

Wefornews Bureau

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