Have Vijay Mallya's Debts Been Cleared Using His Assets? Court Seeks Clarification from ED, Banks: Bombay High Court
The Bombay High Court has directed the State Bank of India and the Enforcement Directorate to verify whether the outstanding debts and liabilities of businessman Vijay Vittal Mallya have been cleared from money recovered through the movable properties attached by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002 (PMLA). Justice Milind Jadhav passed the direction while hearing Vijay Mallya’s criminal petition challenging a 2019 order of a…
