Vijay Mallya files petition in Karnataka HC seeking details of assets seized

Vijay Mallya, the fugitive liquor baron, filed a petition before the Karnataka High Court on Tuesday seeking details of seized assets and outstanding debt.

Following the arguments and counterarguments, the court adjourned the hearing to November 12.

Vijay Mallya, through his petition, sought details of the assets seized so far by the banks in relation to his loan default. 

The petition also submitted that



the banks must stop charging interest on the amounts already recovered by them.

Senior advocate Sajan Poovayya submitted that due to the proceedings under the Prevention of Money Laundering (PMLA) Act, Mallya’s properties were attached, and about Rs 10,000 crore had been recovered.

He further stated, “More than what was owed had been recovered and Mallya is now demanding a detailed statement of recovery made by banks till date.”