SBI MD Arijit Basu said the banks hope to recover a 'significant part' of the money owed to them by Mallya
A UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by beleaguered liquor baron Vijay Mallya
ED's special public prosecutor N K Matta told the court that the agency needed more time to identify other properties of Mallya which can be attached
He asserted "the Central Bureau of Investigation (CBI) charges have no merit whatsoever"
The plane was attached by the service tax department in December 2013, claiming tax dues of over Rs 8 billion from Kingfisher Airlines
Mallya's offer to settle should not affect legal process
Mallya questioned CBI and ED's charge sheet and said he has placed all his assets before the High Court
In a series of tweets, Mallya said that there should not be any suspicion on the timing of his offer
In a 2,000-word statement, Mallya said he was doing everything in his power to resolve the issue, despite being made the 'poster boy' of bank default in India
Mallya has requested the court's permission to allow him to sell the assets under judicial supervision and repay creditors
Officials said the agency filed an application before a Mumbai court under the recently promulgated Fugitive Economic Offenders Ordinance
Special Judge M S Azmi of anti-money laundering court issued a non-bailable warrant for Mallya's arrest, taking cognisance of a fresh chargesheet filed against him and others by the ED
Mallya is due back at Westminster Magistrates' Court in London next month for one of the final hearings in his extradition case
Three year market ban; Five year ban from taking directorship in listed companies
Fugitive liquor baron Vijay Mallya is wanted in India for his Kingfisher Airlines' default on nearly Rs 90 billion worth of loans, among other cases
The asset freeze order had forced Mallya to live on 5,000 pounds a week, but his allowance was increased to roughly 20,000 pounds a week earlier this year
The legal claim relates to a leasing agreement between Kingfisher Airlines and aircraft leasing company BOC Aviation involving four planes, of which three were delivered
The liquor baron was "not wise" about his activities during the days of default, Gopinath said
The extradition trial of Mallya, wanted in India on charges of Rs 9,000 crore fraud and money laundering, began at a UK court on Monday
Mallya stands accused in India of fraudulently palming off losses from his now defunct Kingfisher Airlines onto banks