On January 19, DRT had ordered banks to start the process
of recovering Rs 6,203 crore at annual interest rate of 11.5 per cent from Mallya and his companies including UBHL in the Kingfisher Airlines case.
of recovering Rs 6,203 crore at annual interest rate of 11.5 per cent from Mallya and his companies including UBHL in the Kingfisher Airlines case.
On January 24, CBI had filed a charge sheet in connection with IDBI loan default case involving the defunct airlines in which its promoter Mallya is a wanted accused.
The agency had named nine people whom it arrested on January 23, leaving out Mallya as he is yet to be arrested.
Mallya had left the country on March 2 and is in the UK.
He has been declared a proclaimed offender by a special PMLA court in Mumbai on a plea by the Enforcement Directorate in connection with its money laundering probe against him in the alleged bank loan default case.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)