SBI-led lenders say Vijay Mallya owes Rs 8,752 crore more
8 Articles
8 Articles
Vijay Mallya recently claimed that banks had recovered more than he had defaulted on. Now, a consortium of banks led by SBI has filed its response to this claim in court. According to the banks, approximately ₹8,752 crore remains outstanding in the Mallya case as of August 31, 2026. Meanwhile, the ED argues that the recovery of assets does not automatically end criminal proceedings for money laundering.
SBI-led consortium tells Bombay HC Mallya owes over ₹8,700 crore; counters his claim of recovering more than dues
A consortium of banks led by SBI has told the Bombay High Court that ₹8,751.86 crore remains recoverable from Vijay Mallya, despite ₹10,270 crore recovered so far. The disclosure counters Mallya’s claim that lenders have recovered more than his outstanding dues.
SBI-led lenders say Vijay Mallya owes Rs 8,752 crore more
A group of lenders, spearheaded by the State Bank of India, has revealed that Vijay Mallya still owes an astonishing Rs 8,752 crore. This figure remains despite having recovered over Rs 10,270 crore, including recent payments. Mallya's claims of settling his debts with banks are in question. Court proceedings continue regarding the recovery of dues and criminal charges, with the Enforcement Directorate asserting that even recovered funds don't d…
SBI-Led Banks Tell Bombay High Court Rs 8,752 Crore Still Recoverable From Vijay Mallya
Rs 8,752 Crore Still Outstanding A consortium of banks led by State Bank of India has told the Bombay High Court that around Rs 8,751.86 crore remains recoverable from businessman Vijay Mallya as of August 31, 2026. The disclosure comes despite the lenders having recovered more than Rs 10,270 crore through the debt recovery process. The latest figure has become a key point in the ongoing legal battle over Mallya’s outstanding liabilities and cri…
Vijay Mallya Says The Banks Have Already Recovered More Than He Owed So Why Does SBI Say ₹8,752 Crore Is Still Due. The Mallya Story Everyone Thinks They Know
For almost a decade, Vijay Mallya has been reduced to a remarkably simple equation in the public imagination: Kingfisher Airlines borrowed thousands of crores from a consortium of banks, the airline collapsed, Mallya left India, and the lenders were left chasing him across courts and countries for money that appeared to have vanished with the …
The Bombay High Court has rejected Vijay Mallya's claim that he has repaid all the loan arrears due to banks. The bank has clarified that Mallya still owes Rs 8,752 crore as on August 31. The ED has also taken a stand that even if he repays the money, Mallya will not be exempted from criminal cases including money laundering.
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