Vijay Mallya Moves Karnataka High Court Against Debt Recovery Proceedings

Fugitive businessman Vijay Mallya has approached the Karnataka High Court challenging the debt recovery proceedings against Kingfisher Airlines, claiming that authorities have recovered multiple times the principal debt of ₹6,200 crore.

His plea, filed on February 3, seeks an interim stay on further recovery actions and demands a statement of accounts from nationalized and private sector banks, including SBI and PNB.

Mallya argues that despite banks recovering over twice the ₹6,203 crore debt, they continue to pursue him.

The High Court issued notices to ten banks, a recovery officer, and an asset reconstruction company, seeking their response.