The Debt Recovery Tribunal (DRT) has allowed Kingfisher Airlines' consortium of lenders start proceedings to recover over Rs 6,000 from Vijay Mallya, an alert from PTI said. Vijay Mallya Case: Debt Recovery Tribunal allows original application of Bankers (i.e Bankers can now begin process to recover the amount). — ANI (@ANI_news) January 19, 2017The Debt Recovery Tribunal ruled in favour of the 17-banks' consortium in the Vijay Mallya debt case. Beleaguered businessman Vijay Mallya who is in London since March 2, 2016, owes Kingfisher Airlines' 17-bank consortium over Rs 6,000 crore. The Debt Recovery Tribunal has now given the banks led by State Bank of India (SBI) a go-ahead to start the recovery of Rs 6,203 crore owed to them.

Source: dna January 19, 2017 06:50 UTC