Loan default case: Has Vijay Mallya already left India?

As per media reports Mallya is believed to have left for a foreign destination a few days ago.

Last Updated: Mar 09, 2016, 10:19 AM IST
Loan default case: Has Vijay Mallya already left India?

Zee Media Bureau

New Delhi: As the group of PSU banks moved Supreme Court to restrain liquor baron Vijay Mallya from traveling abroad, media reports say that he might have already left India.

 

A report in the Times of India states that Mallya is believed to have left for a foreign destination a few days ago.

The Supreme Court will today hear a plea of 13 banks, which had advanced loans of over Rs 9,000 crore to Mallya's firm, seeking a direction to restrain him from leaving India.

 

The Debt Recovery Tribunal yesterday barred Mallya from accessing USD 75 million (Rs 515 crore) exit payment from Diageo till the loan default case with SBI is settled while the ED registered a money laundering case against him in another default case.