Malia’s property worth Tk 5,600 crore can be auctioned, the court allowed (Vijay Mallya Net Worth 2021)
Vijay Mallya, the defaulter, is again in court. A special PMLA court has allowed a consortium of 18 Indian banks, led by the State Bank of India, to auction off its confiscated assets. As a result, banks will be able to repay their loans. The special court has recently given such an order in the verdict in this case.
Vijay Mallya net worth 2021
Bank can take over Indian businessman Vijay Mallya’s properties.Bank can take over Indian businessman Vijay Mallya’s properties.In this regard, Mallikarjun Rao, Managing Director, Punjab National Bank, said, “A special PMLA court has allowed banks to sell the assets of fugitive businessman Vijay Malia.
Vijay Mallya court. As a result, it will be possible to recover Rs 5,600 crore from Vijay Malia’s arrears. This time SBI or any big bank will sell the confiscated assets. PNB does not owe much to Kingfisher, but we will get our own shares after the sale of those properties. ” Earlier, the Enforcement Directorate or EDO had given permission to auction the confiscated property of liquor baron Vijay Malia. This time the permission was granted by the special PMLA court.
Punjab National Bank MD Mallikarjuna Rao said PMLA court has given the nod to
Bank can take over Indian businessman Vijay Mallya’s properties.By the way, Malia has loans of more than Tk 9,000 crore in 13 banks in India. Malia fled the country with the badge of a defaulter and took refuge in London. However, the Liquor Baron could not hide there for long. He was arrested in April 2016 in Scotland by Yard on multiple charges, including default and tax evasion. He was released on bail a few hours after his arrest. Several investigators have been trying to extradite Liquor Baron since Malia’s stay in London became public. However, due to legal issues, it has not been possible yet.