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Function: DB
SBI led consortium recovered Rs 792cr more from Mallya’s shares
SBI led consortium recovered Rs 792cr more from Mallya’s shares
The Debt Recovery Tribunal (DRT) on behalf of the State Bank of India (SBI) led consortium of banks sold shares worth Rs 792.12 crore of Vijay Mallya on Friday, that were confiscated by the Enforcement Directorate (ED) in a money laundering case, to recover their loan money. The ED had gave them NOC for it recently.
The Debt Recovery Tribunal (DRT) on behalf of the State Bank of India (SBI) led consortium of banks sold shares worth Rs 792.12 crore of Vijay Mallya on Friday, that were confiscated by the Enforcement Directorate (ED) in a money laundering case, to recover their loan money. The ED had gave them NOC for it recently.