Now Reading: Bombay High Court Seeks ED Clarity On Vijay Mallya Assets
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Bombay High Court Seeks ED Clarity On Vijay Mallya Assets
The Bombay High Court has asked the Enforcement Directorate to clarify the status of assets attached in the Vijay Mallya case and whether settlement proceedings with the State Bank of India-led consortium…
The Story in Brief
The Bombay High Court has asked the Enforcement Directorate to clarify the status of assets attached in the Vijay Mallya case and whether settlement proceedings with the State Bank of India-led consortium are complete. The court said the long-running dispute should reach a conclusion.
Mallya challenged an order allowing the consortium to use his attached assets. According to Times Now, his lawyer said the banks had recovered about Rs 15,000 crore against an original claim of roughly Rs 6,203 crore, including interest. The court asked the ED to confirm whether civil liabilities had been settled. Justice Milind Jadhav said the issue needed to be put to an end.
The Indian Opinion
Claims that the banks have recovered everything, or that the case is simply a political vendetta, both go beyond the reported facts. The court has not accepted the settlement as complete and has asked the ED to verify the position of the attached assets. The practical test is clear: the ED’s response must establish what has been recovered, what remains attached and whether any civil liability is still pending.
Sources (2): ndtv.com, timesnownews.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
