Social News XYZ     

No laxity in steps to stop Mallya from fleeing: SBI

No laxity in steps to stop Mallya from fleeing: SBI

New Delhi, Sep 14 (IANS) The State Bank of India (SBI), the lead lender to the now-defunct Kingfisher Airlines, on Friday denied reports of any laxity in moving the court to stop industrialist Vijay Mallya from fleeing abroad.

The Congress said on Friday that a consortium of banks led by the SBI had met Supreme Court senior advocate Dushyant Dave on February 28, 2016, for advice in the Mallya case. On Thursday, Dave went on record that he advised the SBI management to move the Supreme Court the next day and get Mallya's passport confiscated.

"The SBI denies that there has been any laxity on its part or its officials in dealing with loan default cases, including Kingfisher Airlines. The bank has been taking proactive and strong measures to recover the defaulted amounts," the lead bank said in a statement.

 

Mallya, who has been facing legal proceedings for defaulting on loans of over Rs 9,000 crore, left the country on March 2, 2016, while 13 banks from the consortium moved the court four days later to seek its intervention to prevent the liquor baron from leaving the country.

The SBI, as the consortium leader of 17 banks, had moved the Debt Recovery Tribunal in Bengaluru in early March 2016 against the defaulting businessman and had sought impounding of his passport.

Mallya is currently in London where a court finished hearing on India's extradition case against him on Wednesday and is due to pronounce its verdict on December 10.

Facebook Comments
No laxity in steps to stop Mallya from fleeing: SBI

About Gopi Adusumilli

Gopi Adusumilli is a Programmer at Excellus Blue Cross Blue Shield. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

Advertisements
%d bloggers like this: