It argues Mallya, who moved to Britain in March 2016, had no intention of repaying money it borrowed from IDBI in 2009 and the loans had been taken out under false pretences, on the basis of misleading securities and with the money spent differently to how the bank had been told. "That's the truth", he maintained.
Senior Supreme Court lawyer Dushyant Dave says he offered this advice after top SBI management, having an inkling that Mallya may flee India, insisted on meeting Dave on Sunday, February 28, 2016. And despite the hullabaloo to bring them back, the Narendra Modi government had failed to do so. He added the meeting appeared to be of formal nature and lasted 15-20 minutes.
The former Kingfisher Airlines boss had claimed on Wednesday in London that he met Jaitley before leaving India and offered to settle his dues, a charge the finance minister denied and dubbed "false".
FOUR days before Vijay Mallya left the country, Kingfisher Airlines' largest lender State Bank of India reportedly did not act on the legal advice it got to approach the Supreme Court seeking an order restraining Mallya's overseas travel.
Meanwhile, Uttar Pradesh's Shia Central Waqf Board chairperson Waseem Rizvi told ANI that Gandhi and Congress leader Ghulam Nabi Azad had put pressure on him not to complain against Mallya for allegedly encroaching upon a property owned by Shia Waqf Board near Meerut.More news: FDA takes action against e-cigarette epidemic among youth
Mallya, who is wanted in India for defaulting on bank loans to the tune of Rs 9,000 crore, has been in the United Kingdom since March 2016. "Mallya", Arun Jaitley said, "paced up to catch up with me and while walking uttered a sentence that "I am making an offer of settlement".
March 8, 2016: The consortium moves the Supreme Court to freeze the passport of Mallya, who had reached London almost a week earlier.
Neither has the BJP explicitly denied Mallya's claim, confining itself to saying "a culprit" can not be trusted and has no credibility.
On a day when BJP leader Subramanian Swamy joined Congress to allege that the vigil against Mallya was lowered on a goal, sources in the agency claimed that the "detain" order had been issued by mistake.
Swamy also claimed that the dilution had been done at a very high level. Had the notice not been diluted, Mallya would not have been able to leave on March 2, 2016.
Gandhi wondered that when the "absconder" had informed the finance minister about leaving the country, why did he not notify it to the Central Bureau of Investigation (CBI) or Enforcement Directorate (ED).