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Karnataka High Court Sets September 15 Hearing on Mallya, UBHL Director Pleas Over Bank Recoveries

Petitioners allege lenders recovered more than DRT‑certified dues, seeking a full accounting before any further sales.

Overview

  • Justice B. M. Shyam Prasad noted common issues with a connected case (WP 3357/2025) and posted the petitions for further hearing on September 15.
  • The court directed advocate Chandrakant K. Patil to accept notice on behalf of multiple respondents to streamline the proceedings.
  • The petitions seek bank statements detailing dues, periodic interest accruals, credits for recoveries, and asset-by-asset utilisation pursuant to the DRT’s April 10, 2017 amended recovery certificate.
  • The petitioners also seek disclosure of original ownership of assets used to satisfy debts and identification of any assets still held by banks but not yet applied toward repayment.
  • Claiming over-recovery—₹6,200 crore directed by the DRT versus about ₹10,200 crore realised and a parliamentary reference to ₹14,000 crore—the petitioners ask for an interim freeze on further recovery actions, with no ruling yet on that request.