Vijay Mallya has several cases pending against him for being a wilful defaulter. Photo: HTNew Delhi: UB Group chairman Vijay Mallya told a Delhi court on Friday that he intends to return to India but authorities have revoked his passport. Mallya’s new stance comes a day after a consortium of banks has asked the Supreme Court to issue an arrest warrant against him. In a 13 March statement, Mallya claimed that banks had already recovered Rs.2,494 crore from Kingfisher Airlines since 2013. Also Read: Vijay Mallya to stay on as United Breweries chairman

Source: Mint September 09, 2016 07:52 UTC