{
  "id": 14705817,
  "title": "Why claiming for more even after recovering ₹14,131 crore against ₹6,203-crore Kingfisher Airlines debt, Karnataka HC questions consortium of banks",
  "url": "https://urgent.news/2026/10/15/why-claiming-for-more-even-after-recovering-14-131-crore-against-6",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T13:38:27.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/news/national/karnataka/why-claiming-for-more-even-after-recovering-14131-crore-against-6203-crore-kingfisher-airlines-debt-karnataka-hc-questions-consortium-of-banks/article71588442.ece"
  },
  "original_language": "en",
  "account": "The High Court of Karnataka has raised questions about the ongoing claims by a consortium of banks against Vijay Mallya, the former head of Kingfisher Airlines, following their recovery of assets worth ₹14,131.6 crore from him. The case concerns the loan of ₹6,203 crore that Kingfisher Airlines had taken from the banks, which has been almost fully recovered.\n\nThe court noted that Finance Minister Nirmala Sitharaman had informed the Lok Sabha that the assets and UBL shares had been returned to the consortium of banks. After the Division Bench comprising Justice D.K. Singh and Justice T.M. Nadaf allowed two petitions filed by Diageo Holdings Netherlands B.V., they questioned the banks' continued pursuit of 2.09 crore shares of United Breweries Ltd. (UBL) held by Mallya and his son.\n\nThe court observed that Vijay Mallya's lavish lifestyle and personal indulgence seemed to interfere with resolving the banks' claims against the loan amount. While allowing the petitions, the court also affirmed that the pledge of the UBL shares in favor of Standard Chartered Bank (SCB), UK, which had been acquired by Diageo, held a higher priority over the banks' claims. The court dismissed the DRAT's claim that Diageo was part of the Mallya group, stating that this was contrary to the records.",
  "summary": "Vijay Mallaya’s vanity, flamboyant lifestyle coming in the way of giving quietus to claims of banks",
  "key_points": [
    "Karnataka HC queries banks' claims on Vijay Mallya's assets after ₹14,131 crore recovery",
    "Finance Minister informed Lok Sabha of assets and UBL shares returned to banks",
    "Court affirms UBL shares pledge to Standard Chartered Bank has higher priority"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}