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Tribunal bars Vijay Mallya from accessing $75 mn Diageo exit payment

<p>In &nbsp;major setback for liquor&nbsp;baron Vijay Mallya, the Debt Recovery Tribunal (DRT) on Monday barred him from accessing USD 75 million (Rs 515 crore) exit&nbsp;payment from Diageo till the loan default case with State Bank&nbsp;of India is settled</p>

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Bengaluru: In  major setback for liquor baron Vijay Mallya, the Debt Recovery Tribunal (DRT) on Monday barred him from accessing USD 75 million (Rs 515 crore) exit payment from Diageo till the loan default case with State Bank of India is settled.

DRT, allowing SBI plea, restrained Diageo from disbursing the money for now and set March 28 as the next date of hearing.

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