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SBI seeks Mallya's arrest in Kingfisher loan default case
Updated On: 03 March, 2016 08:26 AM IST | | PTI
<p>Top state-run lender SBI today sought arrest of Vijay Mallya, and also impounding of his passport, as the bank approached Debt Recovery Tribunal seeking action against the UB Group promoter for defaulting on loans</p>
Mumbai: Top state-run lender SBI today sought arrest of Vijay Mallya, and also impounding of his passport, as the bank approached Debt Recovery Tribunal seeking action against the UB Group promoter for defaulting on loans.
State Bank of India (SBI), that heads the consortium of 17 lenders to the grounded Kingfisher Airlines, moved the Debt Recovery Tribunal in Bengaluru against the airline's chairman Mallya in its bid to recover over Rs 7,000-crore dud loans from him.
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