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DRT to pronounce verdict in Mallya case today

BENGALURU, Jan 18: The Debt Recovery Tribunal here will tomorrow pronounce its order on the pleas of SBI-led consortium of banks for recovery of over Rs 9,000 crore from beleaguered liquor baron Vijay Mallya in the Kingfisher Airlines case.
DRT Presiding Officer K Sreenivasan said this while hearing an Interlocutory Application pertaining to the case. “I will be pronouncing the verdict on the pleas of banks for recovering money in this case tomorrow,” he said.
The presiding officer in a recent directive had reserved orders on the Original Application filed by the consortium and also 30-odd Interlocutory Applications, including several by Mallya and his companies, without specifying any date.
The order tomorrow will bring the curtains down on the nearly three-year legal battle in the tribunal by the consortium, comprising 17 banks, to recover the money owed by the defunct airlines. (PTI)

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