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Vijay Mallya Argues for Relief After Significant Recovery by Investigation Agencies

share-iconThursday, January 02 comment-icon2 weeks ago 7 views
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indiatimesINDIATIMES
Vijay Mallya Argues for Relief After Significant Recovery by Investigation Agencies

Credited from: INDIATIMES

  • Vijay Mallya has claimed eligibility for relief from banks, arguing that more funds have been recovered than the owed amount by his airline.
  • In response to Nirmala Sitharaman's earlier statement in Parliament, Mallya highlighted the recovery of ₹14,131.6 crore from him, over double his company's dues.
  • The Enforcement Directorate (ED) has successfully liquidated Mallya's assets to recover debts, totaling more than ₹22,280 crore from various economic offenders.
  • Experts note that while Mallya's claims of recovery are valid, understanding the breakdown of the total recovery amount is crucial for a clearer perspective.
  • The ongoing legal proceedings and Mallya’s claims raise questions about the future outcomes of his situation, alongside no official responses from the authorities.

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Vijay mallya Kingfisher airlines Economic offenders Asset recovery Nirmala sitharaman
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