Saturday 15 December 2018

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Economy | Industry

Karnataka HC issues notice to arrest Vijay Mallya

 

The Karnataka High Court on Friday ordered issue of notice to liquor baron Vijay Mallya and his defunct Kingfisher Airlines and nine other respondents on a petition filed by bankers, including SBI, seeking his arrest and impounding of his passport for defaulting on loans.

The notice, issued by Justice A S Bopanna came even as the Debt Recovery Tribunal reserved its order on one of the four applications filed by State Bank of India, seeking securement of the lenders' first right on the payout from Diageo to Mallya. CLICK TO READ MORE

 






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