A High Court judge passed orders saying that the Swiss Bank UBS can proceed with the possession process of Mallya's plush London apartment to realise its unpaid dues that amount to 20.4 million pounds
Banks recovered Rs 13,100 crore from assets sale of defaulters like Vijay Mallya, Nirav Modi: Nirmala Sitharaman
The Supplementary Demands for Grants authorised the government to spend an additional Rs 3.73 lakh crore during the current fiscal.
Streaming platform MX Player, has announced that it has acquired exclusive rights for the adaptation of the book "The Vijay Mallya Story" in association with Almighty Motion Picture.
Observing that the apex court has waited 'sufficiently long', a bench headed by Justice U U Lalit said, 'We can't be waiting any longer now'.
The apex court had earlier dismissed his plea seeking review of its 2017 verdict which held him guilty of contempt for transferring USD 40 million to his children in violations of the court orders.
Mallya's legal team contended that the debt remains disputed and that the ongoing proceedings in India inhibited a bankruptcy order being made in the UK.
Last month too, the banks consortium had realised more than Rs 7,181 crore in the Mallya case after a similar sale of attached shares.
The special PMLA court in Mumbai on Tuesday allowed the restoration of properties worth Rs 5,646. 54 crore to banks.
During a remote hearing of the Chancery Division, Justice Robert Miles handed down his judgment in favour of a consortium of Indian banks led by the State Bank of India (SBI).
Judge Michael Briggs handed down his judgment in favour of the banks to declare there is no public policy that prevents a waiver of security rights.