SBI-led lenders say Vijay Mallya still owes Rs 8,752 crore

The Economic Times reports that an SBI-led consortium told Bombay High Court nearly Rs 8,752 crore remained recoverable from Vijay Mallya as of August 31, excluding legal and other expenses. The lenders said a debt recovery officer had temporarily recovered Rs 10,270 crore. Mallya argues the banks have recovered more than they were owed and has sought dismissal of criminal proceedings. The Enforcement Directorate says recovered assets do not, by themselves, end the pending money-laundering case.