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Saturday, March 02 2024
India

No laxity in steps to stop Mallya from fleeing: SBI

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mal mainNew Delhi: 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.

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