Rs 3600 cr recovered from Vijay Mallya, 11,000 crores yet to be retrieved: Banks to Supreme Court

The consortium of banks led by SBI told the Supreme Court that around Rs 3600 crore has been recovered from Vijay Mallya. Senior Advocate Mukul Rohatgi informed the top court that Rs 11,000 crore is still pending to be recovered from Mallya and UBHL.

The top court dismissed Mallya's United Breweries Holdings Limited (UBHL) petition challenging Karnataka High Court's order, upholding the closing of the company for recovery of dues payable by Kingfisher Airlines Ltd. Mallya, who has been based in the United Kingdom since March 2016, is wanted back in India under charges of financial fraud. In January 2019, a special Prevention of Money-Laundering Act (PMLA) court had declared him a 'fugitive economic offender'.