New Delhi: An order issued by a special court has asked banks to hand over assets worth Rs 5646.54 crore out of the seized assets of fugitive Vijay Mallya. Special Judge J C Jagdale ruled that the claimants of his properties are public sector banks. Who have suffered more losses. The court also said Mallya had proposed to give his property share to clear the dues on himself. While now it is opposing the restoration petition to recover the losses suffered by the banks.

The court said it should be noted that the claimants are public sector banks and these banks are transissing public money. The claimants may have personal interest to pursue such a claim against the accused. Mallya himself has offered to return money to banks from his property. If the banks had not been harmed, why would Mallya have done so?  Mallya and his companies opposed the petition saying that the properties were acquired many years ago and there was no scam at that time.

Mallya also claimed that appeals filed by ED against his attachment are still pending. In such a case, the petition was not hearable. The court said that third party claimants will have to contact the DRT. The court directed the officials for recovery that banks will also have to deposit a bond of undertaking in compliance with the recovery certificate issued by the DRT in 2017.

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