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HC Issues Notices to Banks on Mallya Plea
Mint Hyderabad
|February 06, 2025
Fugitive businessman Vijay Mallya on Wednesday claimed before the Karnataka High Court that the ₹6,200 crore debt he owes to banks has been recovered "multiple times over," and sought a statement, detailing the amounts recovered from him, United Breweries Holdings Ltd (UBHL)—now in liquidation—and other certificate debtors.
The HC issued a notice to banks in response to the petition filed by Mallya on 3 February. Justice R. Devdas directed the banks to respond by 13 February. The court issued
Dit verhaal komt uit de February 06, 2025-editie van Mint Hyderabad.
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