Over and above the $135 million, Mallya is liable to pay interest incurred at a commercial rate as well as 200,000 pounds towards legal costs
Mallya made the statement through his counsel Amit Desai before a bench of justices Ranjit More and Bharati Dangre
Mallya is wanted in India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores
Mallya is wanted in India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores
He repeated his own offer to repay all the money he owes to India's public sector banks
Justice Clare Moulder ruled against the 63-year-old businessman's application to seek a delay in the full hearing in the case scheduled for May 23
Mallya has living in the UK since March 2016 and remains on bail on an extradition warrant executed by Scotland Yard in April 2017.
Mallya, who added a portfolio of real estate, yachts, Scotch whisky and Formula 1 racing to his United Breweries Ltd. business over the last two decades, continues to live a 'lavish lifestyle'
Mallya remains on bail on an extradition warrant executed by Scotland Yard in April 2017
The 48-year-old diamond merchant is wanted in India for alleged "high value and sophisticated" fraud and money laundering amounting to $ 2 billion
Move will help SBI-led consortium to reduce large outstanding debt against Kingfisher Airlines
Mallya is at present based in London and extradition proceedings are on to bring him to India
Only wish the same was done for Kingfisher, said Mallya in a tweet
This is the first sale of Mallya's confiscated assets by the authorities since he left the country in March 2016
The court had on May 8 last year directed the attachment of Mallya's properties in the case through the Bengaluru Police commissioner and sought a report on it
SBI-led consortium expects to make over Rs 13,000 crore from sale of assets
Consortium of banks led by SBI had filed an application before special court of MS Azmi here to liquidate Mallya's assets to recover Rs 6,203.35 crore with annual interest at 11.5% payable since 2013
Vijay Mallya said on Twitter that his request could not be dismissed as 'frivolous' and that the shoe was 'on the other foot now'
Mallya has been based in the UK since March 2016 and remains on bail on an extradition warrant executed by Scotland Yard in April 2017
Vijay Mallya now has 14 days from February 4 to apply for leave to appeal to the UK High Court