Friday, March 4, 2016

#SBI wants 'King of Good Times' Dr. Vijay Mallya’s arrest, seizure of passport

SBI has declared Mallya and UBHL a wilful defaulter in October 2015 for non-payment of dues owed by his now defunct Kingfisher Airlines.Delhi High Court yesterday refused to hear Vijay Mallya's plea against State Bank of India's decision to name him as "wilful defaulter"

Consortium of lenders led by SBI on Wednesday filed an interlocutory application in the Debts Recovery Tribunal (DRT) in Bengaluru seeking his arrest, impounding his passport, seizing his assets and claiming the $75 million severance package he signed with British liquor giant Diageo last week.