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  1. Loan default case: Plea in SC for restraining Vijay Mallya from leaving India

Loan default case: Plea in SC for restraining Vijay Mallya from leaving India

The Supreme Court on Tuesday agreed to hear on Wednesday a plea filed by a consortium of 17 PSU banks seeking a direction that industrialist Vijay Mallya be restrained from leaving India.

By: | New Delhi | Published: March 8, 2016 11:50 AM
Vijay Mallya Vijay Mallya loan default case: A consortium of PSU banks moved SC seeking direction that industrialist Vijay Mallya is not allowed to leave India. (Photo: Reuters)

The Supreme Court on Tuesday agreed to hear on Wednesday a plea filed by a consortium of 17 PSU banks seeking a direction that industrialist Vijay Mallya be restrained from leaving India.

“List it for hearing tomorrow,” a bench comprising Chief Justice T S Thakur and Justice U U Lalit said, when Attorney General Mukul Rohatgi, appearing for PSU banks, mentioned the matter for urgent hearing.

Rohatgi said that the plea has been moved by 17 banks, including State Bank of India, against Mallya whose various firms have taken loan from them.

He also said that the dues run into thousands of crores.

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Tags: Vijay Mallya

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