SBI moves Karnataka HC for Mallya's arrest

The bank moved the HC after the DRT reserved order on its four interlocutory applications

The State Bank of India (SBI) on Friday moved the Karnataka High Court for arresting industrialist Vijay Mallya and impounding his passport in the multi-crore loan default case of defunct Kingfisher Airline.

"We have filed a writ petition before the single bench of Justice A S Bopanna for the arrest of Mallya and impounding of his passport on the basis of a statement he made recently that he would move to Britain to be with his family," a lawyer for the bank, speaking on the condition of anonymity, told IANS here.

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As a lead bank of the consortium of 17 state-run and private banks, which have a combined outstanding dues up to Rs 7,800 crore from Kingfisher, headed by Mallya, SBI moved the high court after the Debt Recovery Tribunal (DRT) here reserved order on its four interlocutory applications filed on Wednesday.

"We have approached the high court as the tribunal had not yet acted upon our applications, which included disclosure of Mallya's assets in India and abroad and our claim on the $75-million (Rs.516 crore) severance package British liquor major Diageo plc and its Indian arm United Spirits Ltd (USL) signed with him on February 25 here," the counsel said.