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Banks That Lent Loans To Vijay Mallya Can Now Sell His Property, Shares Worth Rs 5,646 Crore
According to an official of lead bank SBI, symbolic possession of properties mentioned in the order would be taken by lenders after following due legal process.
Outlook Web Bureau 03 June 2021, Last Updated at 5:15 pm AP Outlook Web Bureau 2021-06-03T17:11:23+05:30 Banks That Lent Loans To Vijay Mallya Can Now Sell His Property, Shares Worth Rs 5,646 Crore outlookindia.com 2021-06-03T17:15:27+05:30
Led by SBI and armed with a court order, a consortium of lenders can now sell certain real estate properties and securities belonging to fugitive Vijay Mallya to recover loans turned bad with the failure of Kingfisher Airlines.