Latest Business News - The Supreme Court on Wednesday granted three weeks time to liquor baron Vijay Mallya to file a reply to the SBI led consortium of banks who sought deposit of the amount of 40 million dollars.
The bench headed by Justice Kurian Joseph comprising Justice A. M. Khanwilkar granted Mallya three weeks time and posted the matter for further hearing till February 2.
The consortium of banks had earlier approached the apex court seeking its intervention in bringing back Mallya to India and also repayment of money which the beleaguered businessman, who has absconded to England, had taken.
The banks, in their plea, told the apex court that there was an outstanding loan of almost Rs 9,000 crore against (Read More)
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