Mallya case: DRT advises banks to coordinate recovery

BENGALURU: The Debt Recovery Tribunal (DRT) on Tuesday advised SBI-led consortium of banks in the Vijay Mallya case to make coordinated efforts among themselves

BENGALURU: The Debt Recovery Tribunal (DRT) on Tuesday advised SBI-led consortium of banks in the Vijay Mallya case to make coordinated efforts among themselves to recover around Rs 2,000 crore parked in courts in the country and reduce losses to the tune of over Rs 9,000 core incurred by banks. It added that the lack of coordination among banks has resulted in the DRT not getting $75 million attached in spite of its March 7 order.

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