India, Feb. 5 -- Fugitive businessman Vijay Mallya has approached the Karnataka High Court, seeking details of loan recoveries made by banks. Senior advocate Sajan Poovayya represented Mallya in the case.
Mallya's legal counsel argued that while Rs.6,200 crore was originally due, banks have recovered Rs.14,000 crore. Referring to statements made by Finance Minister Nirmala Sitharaman in the Lok Sabha, the counsel contended that the debt had been fully cleared, yet recovery efforts were still ongoing. They requested the court to direct banks to provide a statement detailing the recovered amount.
Acting on Mallya's petition, a High Court bench led by Justice R Devadas issued notices to banks and loan recovery officers.
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