Nirmala Sitharaman and Vijay Mallya.
NEW DELHI: Fugitive businessman Vijay Mallya stated on Wednesday that the banks have recovered more than double the amount owed in the Kingfisher Airlines case. He contends he is due relief.
Finance Minister Nirmala Sitharaman told Parliament on Tuesday that the banks had recovered Rs 14,131.60 crore from Mallya. This recovery stems from the Kingfisher Airlines debt, which a tribunal assessed at Rs 6,203 crore.
In a series of tweets, Mallya wrote on X, “The Debt Recovery Tribunal adjudged the KFA (Kingfisher Airlines) debt at Rs 6203 crores including Rs 1200 crores of interest. The FM announced in Parliament that through the ED, Banks have recovered Rs 14,131.60 crores from me against the judgement…
