HC REFUSES TO HEAR MALLYA’S PLEA AGAINST DEFAULTER TAG
NEW DELHI: The Delhi high court refused on Thursday to hear a plea by businessman Vijay Mallya against State Bank of India ( SBI) terming him a “wilful defaulter” and asked him to approach an appropriate forum.
SBI declared Mallya and his company United Breweries Holdings Ltd ( UBHL) wilful defaulters in late 2015 after a protracted legal battle over nonpayment of dues of over Rs7,000 crore owed by his now-defunct Kingfisher Airlines.
Sensing the mood of the court, Mallya’s counsel requested justice Rajiv Sahai Endlaw to allow them to withdraw their petition including one filed by UBHL.
The court allowed Mallya’s request, made through senior advocate Rajiv Nayar, while giving them the liberty to approach an appropriate court for remedial measures, if available under law.
Mallya moved to the high court, arguing that it has jurisdiction to hear his plea as he is a resident of Delhi and also a Rajya Sabha member and has received all the correspondence here.
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