As per a TOI Report, Vijay Mallya is believed to have left for a foreign destination a few days ago. And the Banks are still trying to get his Passport impounded.
According to the report, a spokesperson of Mallya has told the newspaper that “she had no information about his whereabouts and that he was communicating only through email”.
Chief Justice TS Thakur agreed to list the petition of banks on Wednesday. Mallya has been declared a wilful defaulter and has a huge debt of Rs 9,091 crore to the banks. The banks in their plea said that the high court order had failed to protect their interest. They were yet to recover the amount from him, the airline and the brewery companies.
Meanwhile, a report in The Times of India also said that the businessman had received the first tranche — $40 million — of the $75-million exit deal with Diageo, citing disclosures by the company. The agreement’s fine-print, inked on February 25, said, “Diageo will pay $40 million of this amount immediately with the balance being payable in equal instalments over five years. Diageo’s payment obligations are subject to Mallya’s ongoing compliance with the terms of the agreement.”
The Debt Recovery Tribunal, had on Monday, directed Diageo to not pay the amount to Mallya till the petition by State Bank of India (SBI) had closed. The tribunal was set to hear the case next on March 28.
