Vijay Mallya moves Supreme Court seeking stay on confiscation of properties


New Delhi: Fugitive businessman Vijay Mallya has approached the Supreme Court seeking a stay on the confiscation of properties owned by him and his relatives.

In his plea, Mallya said on Saturday that he wanted attachment of only those properties related to Kingfisher Airlines facing cases of alleged irregularities.

The matter is listed for hearing on July 29 before the apex court.A consortium of banks led by the State Bank of India (SBI) had in 2016 filed a petition in the Supreme Court against Mallya for his failure to repay the loan amount of more than Rs 8000 crore to various banks.