Bengaluru: The Debt Recovery Tribunal(DCT) on Thursday allowed bankers to start proceedings to recover Rs 6,203 crore debt from beleaguered businessman Vijay Mallya.
DCT was hearing the pleas of a 17-bank consortium led by SBI against beleaguered liquor baron Vijay Mallya in the Kingfisher Airlines case.
Mallya, who left the country on March 2, 2016, was declared Proclaimed Offender by a special PMLA court in Mumbai on a plea of Enforcement Directorate in connection with its money laundering probe against him in the alleged bank loan default case.
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