Karnataka High Court To Hear Vijay Mallya's Plea On Kingfisher Debt Recovery In September

The Karnataka High Court listed in September pleas by fugitive liquor baron Vijay Mallya and Director of United Breweries Holdings Limited Daljit Mahal, seeking a direction to the concerned Banks to provide a statement of accounts on the amounts owed by him.

The plea seeks that information be provided by taking into account the interest accrued periodically and giving due credit to all recoveries made from time to time.

They also sought an interim stay on further recovery actions by banks.

Additionally, the plea requests disclosure of amounts realised in favour of the banks and identification of original owners of assets used for recoveries.

[Vijay Mallya AND Recovery Officer-II & Others]