Defaulter businessman Vijay Mallya 'wants to return home'
Vijay Mallya is accused of money laundering and defaulting on payments of loans worth thousands of crores. Photograph: (Getty)
The counsel told the court that he wants to return to India but he cannot because his passport has been revoked, Indian news agency ANI tweeted.
Vijay Mallya's counsel in court: He(Mallya) has clear intention to co operate but it has become impossible to travel back to the country— ANI (@ANI_news) September 9, 2016
Mallya, who has been in London since March 2, had his diplomatic passport revoked by the Indian government in a bid to get him deported back to India.
His counsel deposed in the court that Mallya had clear intention to cooperate but it had become impossible to travel back to the country, ANI tweeted.
Earlier in April, Mallya had said that he had no intentions of returning to India. He had sought a "reasonable" settlement with Kingfisher Airlines' lenders.
Last week, the enforcementdirectorate had seized assets worth Rs 6,630 crore, assets and shares, belonging to the business tycoon in the wake of money-laundering accusations against him.
Mallya's Kingfisher Airlines owes over Rs 6,000 crore plus interest and penalties to its consortium of 17 lenders, led by State Bank of India (SBI).