Mallya loan default case: Banks’ claim of Rs 6,200 cr loss not imaginary, says court

A special court in Mumbai has said the banks that had granted loans to fugitive liquor baron Vijay Mallya, have suffered losses, but it was impossible to conclude the exact “quantifiable loss” at this stage.

The court, however, said that the banks’ claim of losses of over Rs 6,200 crore was not “imaginary”.