Vijay Mallya deliberately concealing his assets, banks to SC

Zee Media Bureau

New Delhi: Banks on Monday told the Supreme Court that Vijay Mallya deliberately didn't make full disclosure of his assets including 40 million dollars he received in February.

On 7 April, the court had directed UB Group chairman Vijay Mallya to disclose all assets held by him and his family, after a consortium of creditors spurned his offer to repay Rs 4,000 crore to settle the debts of his grounded Kingfisher Airlines Ltd.

The flamboyant Mallya, who has also been declared as a wilful defaulted, left the country in March this year amid lenders stepping up efforts to recover dues worth more than Rs 9,000 crore.