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SBI-led consortium gets over Rs 5,800-cr in Mallya loan default case: ED

The disputes resolution tribunal (DRT) had sold these shares on June 23 after the Enforcement Directorate had transferred shares worth about Rs 6,624 crore of UBL to the SBI-led consortium on the directions of a special PMLA court that is hearing the case involving Mallya in Mumbai

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Vijay Mallya. File Pic

Vijay Mallya. File Pic

A State Bank of India (SBI)-led consortium that lent loans to fugitive businessman Vijay Mallya on Friday received Rs 5,824.5 crore in its accounts after shares of UBL, earlier attached under the anti-money laundering law, were sold recently, the ED said.

Mallya is accused in a multiple banks loan default case of about Rs 9,000 crore.

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