Can’t Return Rs 9,000 Cr Loan, ED Took All Assets: Mallya to SC

Here’s a look at what’s making headlines.. Read more on India by The Quint.
  • On Thursday, the Supreme Court asked Vijay Mallya if he has honestly disclosed his assets or not, as he has been absconding from the country since 2016 over non-payment of loans.
  • Banks asked the apex court to direct Vijay Mallya to bring back the $40 million he received from Diageo – the British multinational, beverage company.
  • Mallya has told the court that he has no money to refund the Rs 9,000 crore loan as all his assets have been attached by the Enforcement Directorate.

(With inputs from PTI, ANI)