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Banks move apex court for arrest of Vijay Mallya

To restrain Vijay Mallya from leaving the country and for his arrest and presence in courts in India for recovery of over Rs 9,000 crores.

New Delhi: A consortium of 17 banks led by State Bank of India on Tuesday moved the Supreme Court to restrain Vijay Mallya from leaving the country and for his arrest and presence in courts in India for recovery of over Rs 9,000 crores from the defunct Kingfisher Airlines.

A bench of Chief Justice T.S. Thakur and Justice Uday Lalit agreed to hear the matter on Wednesday on an urgent mention made by attorney-general Mukul Rohatgi for early listing of the application.

The AG told the bench “he (Vijay Mallaya) is a now a citizen of a foreign country and may leave. He owes banks Rs 9,000 crores.” Responding the CJI’s question as to whether this case was part of a petition relating to non-performing assets of the banks, the AG said it was a different case.

The consortium had initially approached the Debt Recovery Tribunal for the arrest of Dr Mallya. But the DRT had issued a garnishee order preventing UK-based Diageo from transferring any money to Dr Mallya for the time being.

( Source : Deccan Chronicle. )
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