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Mallya Approaches HC, Seeks Bank Data On Debt Recovery
The New Indian Express Mangaluru
|February 06, 2025
FORMER United Breweries chairman Vijay Mallya has filed a petition before the Karnataka High Court, seeking directives to banks to provide account statements for the total amount along with accrued interest owed by him, the United Breweries Holdings Ltd (UBHL) and other certificate debtors, and also the amount recovered till date in the process of recovery of debts of erstwhile Kingfisher Ltd.
The court on Wednesday issued notices to the debt recovery officer and 10 banks.
Justice R Devdas passed the order after hearing the petition filed by Mallya and adjourned the hearing to February 19. As an interim prayer, Mallya requested the court to stay further recovery proceedings by banks and to direct them to provide a statement of accounts.
This story is from the February 06, 2025 edition of The New Indian Express Mangaluru.
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