Vijay Mallya: Very happy with UK enforcement order against Mallya, says SBI MD
” (We’re) very proud of UK enforcement order towards Mallya, hope to recuperate our cash”, mentioned Basu, as reported by information company PTI.
“We’ve recovered Rs 963 crore from public sale of Vijay Mallya’s Indian belongings,” Basu , who turned the MD of SBI earlier this week, added.
The response comes following the UK Excessive Courtroom’s ruling in favour of a consortium of 13 Indian banks which granted permission to enforcement officers to enter the property of fugitive liquor baron Vijay Mallya to grab his possessions.
SBI is the chief of consortium of 13 banks that lent cash to Mallya’s now defunct Kingfisher Airways.
The previous liquor baron has been staying together with his good friend Pinky Lalwani on the property situated in quintessentially English upper-class village of Tewin after fleeing India.
The order comes after Mallya misplaced a case within the Excessive Courtroom towards the registration of the Bengaluru Debt Restoration Tribunal (DRT) judgement in UK courts.
The DRT dominated that Mallya owes the consortium Rs 6,203 crore plus curiosity amounting to Rs 9,863 crore.