A special PMLA court in Mumbai on Tuesday allowed the restoration of properties of fugitive liquor baron Vijay Mallya that were seized by the Enforcement Directorate (ED) to a consortium of banks which had provided him loans. This was the second such order passed by Special Judge JC Jagadale in over a week.
The combined value of property to be restored to banks runs into several crore rupees, a lawyer representing Mallya said. Mallya is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines.
