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'Idea Is To Move On': Bombay HC Leans Towards Closure In Vijay Mallya-SBI Asset Dispute
NDTV Profit 3 hrs ago·12 Aug 2026, 5:49 pm
The Bombay High Court has indicated a preference for closing the long-running legal battle between Vijay Mallya and the State Bank of India (SBI) regarding the recovery of funds from the defunct Kingfisher Airlines. The court has asked the Enforcement Directorate (ED) to respond to Mallya's 2020 plea, which sought to end the proceedings. This move suggests the judiciary is leaning towards winding up the dispute rather than continuing the asset recovery process.
For investors, this development signals the potential finality of a high-profile financial saga that has dragged on for years. It reduces the immediate legal uncertainty surrounding the assets, which could have otherwise been tied up in litigation for a long time. The outcome will likely impact the final settlement amounts recovered by banks, though the broader market impact is expected to be minimal as the case has been widely anticipated.
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