The special court has allowed State Bank of India (SBI) and several other banks to recover the debt by selling Vijay Mallya's confiscated property under the Prevention of Money Laundering Act. It may be noted that earlier the Enforcement Directorate (ED) had said that it had no objection to the recovery made against the accused. Mallya's lawyers had objected to the court's decision, stating that only the Debt Recovery Tribunal can decide. However, the special PMLA court has stayed this decision till January 18, so that Mallya can appeal against this order in Bombay High Court.

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According to media reports, Mallya is facing litigation in the UK in the case of banks not repaying loans worth about nine thousand crores, bank fraud, and money laundering. The London court has reserved its judgment in the Vijay Mallya case in December. The court may pronounce the verdict on Vijay Mallya in January. At the same time, a petition to be declared bankrupt on Vijay Mallya can be dismissed or this petition can be canceled. It is believed that till the Indian Supreme Court does not agree on the offer made by Mallya, then this petition can also be postponed. In this case, the UK court can consider the relevance of Indian rules.

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In a previous judgment, the High Court refused to reverse the order banning the transactions of Mallya's property worldwide and upheld that decision of an Indian court. That the group of 13 Indian banks is authorized to repay the debt of about 13 thousand crores.

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