Vijay Mallya default case News
Vijay Mallya has sought 3 weeks time to file reply to SBI led consortium of banks who sought deposit of amount of 40 million dollars before the Supreme Court.
The Debt Recovery Tribunal may pass orders Thursday on an application by Kingfisher Airlines seeking amendment to its earlier written reply in response to the original application (OA) filed by a consortium of banks in the Vijay Mallya case.
In more trouble to liquor baron Vijay Mallya, fresh non bailable warrants have been issued against him and now defunct airlines Kingfisher CFO in cheque bounce case.
The counsel for Vijay Mallya will move the High Court seeking quashing of the non-bailable warrant.
Attorney General informed the apex court that Mallya left India on March 2.
The Supreme Court on Wednesday gave notice to liquor baron Vijay Mallya on SBI and other public sector banks' plea seeking restraining him from leaving India.
The DRT had reserved its order after hearing submissions made by both parties—bankers and Mallya—on 4 March.
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