{"id":418327,"date":"2021-06-03T08:36:38","date_gmt":"2021-06-03T03:06:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=418327"},"modified":"2021-06-03T08:58:49","modified_gmt":"2021-06-03T03:28:49","slug":"mallya-case-banks-claim-of-rs-6200-cr-loss-not-imaginary-says-court","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mallya-case-banks-claim-of-rs-6200-cr-loss-not-imaginary-says-court\/","title":{"rendered":"Mallya case: Banks&#8217; claim of Rs 6,200-cr loss not imaginary, says court"},"content":{"rendered":"<p>A special court in Mumbai has said the banks that had granted loans to fugitive liquor baron Vijay Mallya, have suffured losses, but it was impossible to conclude the exact &#8220;quantifiable loss&#8221; at this stage.<\/p>\n<p>The court, however, said that the banks&#8217; claim of losses of over Rs 6,200 crore was not &#8220;imaginary&#8221;. <\/p>\n<p>The observations were made by the Prevention of Money Laundering Act (PMLA) court judge J C Jagdale in the recent orders that allowed restoration of Mallya&#8217;s property, seized by Enforcement Directorate, to the consortium of banks.<\/p>\n<p>The judge passed within a week two such orders, which were made available on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A special court in Mumbai has said the banks that had granted loans to fugitive liquor baron Vijay Mallya, have suffured losses, but it was impossible to conclude the exact &#8220;quantifiable loss&#8221; at this stage. The court, however, said that the banks&#8217; claim of losses of over Rs 6,200 crore was not &#8220;imaginary&#8221;. The observations were made by the Prevention of Money Laundering Act (PMLA) court judge J C Jagdale in the recent orders that allowed restoration of Mallya&#8217;s property, seized by Enforcement Directorate, to the consortium of banks. The judge passed within a week two such orders, which were [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-418327","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=418327"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418327\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=418327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=418327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=418327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}