April 12, 2026 07:47 pm (IST)
Follow us:
Mallya may have left India, banks urge SC to keep him in the country
Mumbai, Feb 9 (IBNS) Disgraced liquor baron Vijay Mallya, the former United Breweries (UB) group chairman, is believed to have left India even while the consortium of banks to which his grounded Kingfisher Airlines owe a massive debt were asking the Supreme Court (SC) on Tuesday to stop him from leaving, according to media reports.
The lenders had even got a Bengaluru debt court to temporarily halt payments from UK-based Diageo Plc of which United Spirits Limited (USL) is a unit, USL is the flagship of the UB group,
Reportedly, Mallya had left the country a few days before the consortium approached SC.
Quoting sources, NDTV has reported that CBI has said that it is aware that Mallya is not in the country but will track him when necessary.
Adding troubles for liquor baron Vijay Mallya the Enforcement Directorate has registered a money laundering case against him and chief financial officer of now-defunct Kingfisher Airlines in connection with a bank fraud case.
The case has been filed by the ED on the basis of a CBI probe into the alleged default of Rs 900 crore loan in conspiracy with IDBI Bank officials.
Meanwhile, he has also been barred from accessing Rs 515 crore severance pay by Debt Recovery Tribunal.
On charges of defaulting on loan, the Karnataka High Court had recently issued notice to the liquor baron on a petition filed by State Bank of India (SBI) and 12 other banks seeking his arrest.
Mallya last month stepped down as chairman of India's top liquor company United Spirits or the UB Group.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Nissan Motor India marks major network expansion with 54 new customer touchpoints in Q1 of CY 2026
Fri, Apr 10 2026
Groww shares climb 5%, extend rally for third session
Fri, Apr 10 2026
From Oracle layoffs in the US to an India comeback: Couple’s emotional story goes viral
Fri, Apr 10 2026
South Asia remains fastest-growing region; India continues as growth engine: World Bank
Thu, Apr 09 2026
AI impact: Dell cuts 11,000 jobs in strategic workforce trim
Thu, Apr 09 2026
TCS gains ahead of Q4 earnings; street eyes growth signals
Thu, Apr 09 2026
Meesho shares soar 14% — stock now 55% above IPO price!
Thu, Apr 09 2026