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SBI capital seizes Kingfisher brand as part of loan recovery

SBI capital on Friday seized Kingfisher brand as a part of its loan recovery.



Zee Media Bureau

New Delhi: SBI capital on Friday seized Kingfisher brand as a part of its loan recovery.

Meanwhile, the Enforcement Directorate (ED) on Friday summoned liquor baron Vijay Mallya over the IDBI loan fraud case. The ED has asked all 17 banks to produce all loan-related documents of the case before it.

The enforcement directorate has asked Mallya to appear before it on March 18. As per sources, if Mallya fails to appear before the ED then a non bailable warrant could be issued against him.

Earlier in the day, Former Chief Financial Officer (CFO) of long-grounded carrier Kingfisher Airlines, A Raghunathan appeared before the ED here for questioning in connection with its money laundering probe in the alleged default of over Rs 900 crore loan from IDBI bank.

From Zee News

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