Indian banks recovered over Rs 14K cr, twice the amount owed: Mallya

New Delhi: Fugitive liquor baron Vijay Mallya has claimed that Indian banks have got access to his properties worth Rs 14,131.6 crore, more than twice the amount that he owed to the public sector banks (PSBs).

Mallya cited purported reference to the details of restoration done by the Enforcement Directorate against wilful defaulters in the Finance Ministry’s annual report 2024-25 to say that banks have already recovered Rs 14,131.8 crore against Rs 6,203 crore awarded by the Debt Recovery Tribunal (DRT).

“Finally, against a Debt Recovery Tribunal judgment debt of Rs 6,203 crore, admitted recovery of Rs 14,131.8 crore, which will be evidence in my UK bankruptcy annulment application. Wonder what banks will say in an English Court,” Mallya said in a post on X.

As per the annual report of the ministry, a complete amount of attached properties worth Rs 14,131.6 crore has been successfully restored to the Public Sector Banks in the case of Vijay Mallaya.

The efforts of the ED have resulted in successful representation before Competent Court abroad in the extradition of various fugitive economic offenders and other accused, the report said.