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Recovery of 963 crore rupees from Mallya, Britain’s court hopes for rest.

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New Delhi, Indian banks have so far recovered Rs 963 crore from the fugitive Vijay Mallya. State Bank of India’s Arijit Basu said that this amount was recovered by the banks by auctioning properties of liquor businessman Vijay Mallya. Apart from this, the banks are now engaged in efforts to recover the outstanding amount. They have given a right to investigate and confiscate the property of Mallya on behalf of a British court, which he termed as good news for Indian banks.

Arijit Basu on Friday said that Indian banks are working closely with the UK government agencies for the maximum recovery of arrears on liquor businessman Vijay Mallya. Let me tell you fleeing from the country, Mallya is living in Britain. Now a court has given them the right to investigate and confiscate their properties.




Basu told reporters, “We are very happy with the order of the court. We hope that we will recover the properties from such order. “Basu said without giving any data,” We hope that our dues will recover very well. “About the operation of recovery within the country against Mallya When asked, he said that 963 crore rupees have been recovered from the group of banks by auctioning their assets.

Significantly, the group of 13 banks gave loans to Kingfisher Airlines. State Bank of India has the largest share in it. UK High Court recently gave an important order in favor of Indian banks in order to recover loans from Mallya in an order. Under this, the officials and agents can enter the Mallya’s London locations to recovery from the property and, if necessary, proper force can also be used.