{"id":276524,"date":"2025-04-08T00:02:07","date_gmt":"2025-04-08T00:02:07","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/08\/vijay-mallya-claims-banks-have-recovered-rs-14131-crore-in-case-double-debt-he-owed\/"},"modified":"2025-04-08T00:02:08","modified_gmt":"2025-04-08T00:02:08","slug":"vijay-mallya-claims-banks-have-recovered-rs-14131-crore-in-case-double-debt-he-owed","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/08\/vijay-mallya-claims-banks-have-recovered-rs-14131-crore-in-case-double-debt-he-owed\/","title":{"rendered":"Vijay Mallya claims banks have recovered Rs 14,131 crore in case, double debt he owed"},"content":{"rendered":"
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Indian banks have recovered assets worth Rs 14,131.6 crore linked to fugitive businessman Vijay Mallya<\/a>, more than double the amount awarded by the Debt Recovery Tribunal (DRT) in 2017. Mallya<\/a> made this claim citing the Finance Ministry\u2019s Annual Report for 2024\u201325, which documents the Enforcement Directorate<\/a>\u2019s action against wilful defaulters.<\/p>\n

Mallya, who is currently fighting a bankruptcy case in the UK, said on social media, \u201cFinally, against a DRT judgment debt of Rs 6,203 crore, admitted recovery of Rs 14,131.8 crore, which will be evidence in my UK bankruptcy annulment application. Wonder what banks will say in an English Court.\u201d<\/p>\n

The Finance Ministry\u2019s report states that the total value of assets restored to public sector banks in Mallya\u2019s case stands at Rs 14,131.6 crore. The assets were attached under proceedings against fugitive economic offenders, with Mallya among the 11 individuals named. The report adds that India has sent 44 extradition requests covering 36 individuals to various countries.<\/p>\n

The Directorate has also seen progress in courts abroad, including the UK, where it said extraditions have been approved in some high-profile cases. \u201cIn this regard, it is pertinent to mention that the UK Court has approved extradition of few high profile accused persons to India following effective representation of the Directorate in coordination with other LEAs and Indian mission abroad,\u201d the report stated.<\/p>\n

The Bengaluru bench of the DRT had in 2017 directed a consortium of banks, led by the State Bank of India<\/a> (SBI), to recover Rs 6,203 crore with 11.5% annual interest from Mallya and his companies in connection with Kingfisher Airlines<\/a>. Mallya, who left India for the UK in March 2016, is wanted for defaulting on loans amounting to around Rs 9,000 crore.<\/p>\n

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India has repeatedly sought his extradition from the UK. Mallya has previously claimed he offered to repay the full amount owed but said his proposals were not accepted by banks or the government. In February this year, a London court examined arguments involving the SBI-led consortium, which is seeking repayment of a judgment debt of approximately GBP 1.05 billion related to Kingfisher Airlines.<\/div>\n


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Indian banks have recovered assets worth Rs 14,131.6 crore linked to fugitive businessman Vijay Mallya, more than double the amount awarded by the Debt Recovery Tribunal (DRT) in 2017. Mallya made this claim citing the Finance Ministry\u2019s Annual Report for 2024\u201325, which documents the Enforcement Directorate\u2019s action against wilful defaulters. Mallya, who is currently fighting […]<\/p>\n","protected":false},"author":2,"featured_media":276525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/118783427.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[3331,1287,4811,1955,12496,283,1837,213625,31827,213626,55090,9358,15887,3557,2149,31830],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/276524"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=276524"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/276524\/revisions"}],"predecessor-version":[{"id":276526,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/276524\/revisions\/276526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/276525"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=276524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=276524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=276524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}