Why claim for more even after recovering ₹14,131 cr. vs. ₹6,203-cr. Kingfisher Airlines debt? Karnataka HC asks bank consortium
The Karnataka High Court ordered a consortium of banks to halt further claims against former airline owner Vijay Mallya, noting they have already recovered about ₹14,131 crore, far exceeding the original ₹6,203 crore Kingfisher Airlines debt. It emphasized that settlement should be based on actual recoveries, not personal extravagance. The court also directed that any additional amounts be pursued through procedures, ensuring the process respects due process.