Bombay HC pushes for closure in Vijay Mallya-SBI asset case
The Bombay High Court has stated that the long-standing, six-year legal battle over asset recovery between absconding businessman Vijay Mallya and a group of banks headed by SBI needs to be settled. The court remarked that the goal is to progress, noting that dragging the matter out negatively impacts both the economy and professional relationships. Counsel for Mallya pointed out that the current challenge against the seizure of assets is no longer necessary, as the banks have already successfully reclaimed the majority of the attached properties.
by shortkt.com✓