"Entitled To Relief": Vijay Mallya On Banks Recovering Rs 14,131 Crore Assets
NDTV
Vijay Mallya said that unless the authorities and banks can justify how they have taken more than two times the debt, he is entitled to relief.
Fugitive businessman Vijay Mallya on Wednesday said that banks have recovered Rs 14,131.60 crore from him "against the judgement debt of Rs 6,203 crore" but he continues to be "an economic offender". The Debt Recovery Tribunal adjudged the KFA debt at Rs 6203 crores including Rs 1200 crores of interest. The FM announced in Parliament that through the ED,Banks have recovered Rs 14,131.60 crores from me against the judgement debt of Rs 6203 crores and I am still an economic…
He said in a post on X that unless the Enforcement Directorate and banks can legally justify how they have taken more than two times the debt, he is entitled to relief.
"The Debt Recovery Tribunal adjudged the KFA (Kingfisher Airlines) debt at Rs 6,203 crores including Rs 1,200 crores of interest. The FM announced in Parliament that through the ED, Banks have recovered Rs 14,131.60 crores from me against the judgement debt of Rs 6,203 crores and I am still an economic offender. Unless the ED and Banks can legally justify how they have taken more than two times the debt, I am entitled to relief which I will pursue," Mallya said.
