{"id":203308,"date":"2018-10-09T12:00:02","date_gmt":"2018-10-09T06:30:02","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=203308"},"modified":"2018-10-24T12:10:04","modified_gmt":"2018-10-24T06:40:04","slug":"writ-petition-filed-by-liquor-baron-vijay-mallya-dismissed-holding-requirement-of-pre-deposit-under-section-21-of-the-recovery-of-debts-due-to-banks-and-financial-institutions-act-1993-to-be-retrospe","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2018\/10\/09\/writ-petition-filed-by-liquor-baron-vijay-mallya-dismissed-holding-requirement-of-pre-deposit-under-section-21-of-the-recovery-of-debts-due-to-banks-and-financial-institutions-act-1993-to-be-retrospe\/","title":{"rendered":"Writ petition filed by liquor baron Vijay Mallya dismissed holding requirement of pre-deposit under Section 21 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 to be retrospective in operation"},"content":{"rendered":"

Karnataka High Court:<\/strong> A Division bench comprising of Dinesh Maheshwari and Krishna N. Dixit, JJ. dismissed a writ petition filed by fugitive industrialist Vijay Mallya, against order requiring pre-deposit of Rs. 3101 crores in order to maintain appeal against fixation of liability for debt due to banks.<\/p>\n

The factual background of the case revolves around the default in payment of debts taken by petitioner\u2019s company Kingfisher Airlines Ltd. from a consortium of banks. The consortium of banks instituted a petition for recovery of their money in the Debt Recovery Tribunal (DRT), Karnataka wherein the petitioner was held liable for the recovery of money. Aggrieved by the said order, the petitioner preferred an appeal in Debt Recovery Appellate Tribunal (DRAT) which was dismissed for want of appearance and non-compliance of office objections. An application was filed by the petitioner seeking restoration of the appeal whereupon DRAT directed him to deposit a sum of Rs 3101 crores and observed that in case of failure of compliance, the appeal would be liable to dismissed automatically. The petitioner did not make such deposit and consequently, the appeal stood dismissed. Thereafter, the petitioner filed another application seeking restoration of the dismissed appeal and praying enlargement of time for making the deposit. The Hon\u2019ble Tribunal dismissed this application holding that there was no substance in the prayers of petitioner. It is against this order of DRAT, that the instant writ petition has been filed, praying for quashing of the said order.<\/p>\n

The court discussed the effect of amendment in the year 2016 on Section 21 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 and opined that the amendment did not relate to the right of appeal as such but to the conditions subject to which the said right would become exercisable. It was noted that prior to the 2016 amendment, the borrower had an absolute and unconditional right to appeal and the proviso to Section 21 conferred power on DRAT to waive off or limit the condition of pre-deposit. But after the amendment, this absolute discretion of DRAT was restricted and now it only has the power to reduce the pre-deposit to not less than 25% of the decretal sum. This trimming of DRAT\u2019s power being essentially an amendment by way of substitution was held to be retrospective in operation. In order to give force to its reasoning, the court relied on the decision of Full Bench of this High Court in Hassan Cooperative Milk Producers Societies Union Ltd. v State of Karnataka, 2014 SCC OnLine Kar 2924<\/a><\/em>.<\/p>\n

The High Court also adverted to the facts of the case and expressed serious doubts over bonafides of the proceedings and the seriousness of the petitioner in pursuing his remedies. As such, it was held that the DRAT\u2019s requirement of pre-deposit for maintaining the appeal was legitimate and the writ petition was dismissed for being bereft of substance and merits. [Vijay Mallya v. State Bank of India, WP (C) No. 22111of 2018, decided on 05-10-2018]<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Karnataka High Court: A Division bench comprising of Dinesh Maheshwari and Krishna N. 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Goel and U.U. Lalit, JJ directed him to appear before the Court on 10.07.2017 in order to give him an opportunity to be heard before deciding the quantum of punishment. The Court said that Vijay Mallya\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142441,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/07\/14\/government-fails-to-produce-vijay-mallya-before-the-supreme-court-matter-adjourned\/","url_meta":{"origin":203308,"position":1},"title":"Government fails to produce Vijay Mallya before the Supreme Court; matter adjourned","author":"Prachi Bhardwaj","date":"July 14, 2017","format":false,"excerpt":"Supreme Court: The Court was forced to adjourn the contempt case against Vijay Mallya as the Government failed to produce him before the Court.\u00a0Attorney General KK Venugopal, appearing for Centre told the Court that Vijay Mallya's extradition proceedings being conducted in UK Court and would most likely end by December\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":371112,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/27\/security-deposit-in-lease-agreement-not-debt-under-rddbfi-act-ph-hc\/","url_meta":{"origin":203308,"position":2},"title":"Security deposit in lease agreement not \u201cdebt\u201d under RDDBFI Act: Punjab and Haryana High Court","author":"Editor","date":"December 27, 2025","format":false,"excerpt":"\u201cOnce security deposit does not fall within the purview of Section 2(g) of the Recovery of Debts due to the Banks and Financial Institution Act, 1993 defining \u201cdebt\u201d, the Tribunal would have no jurisdiction, as per Section 17 of the same Act.\u201d","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Security deposit in lease agreement not debt RDDBFI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Security-deposit-in-lease-agreement-not-debt-RDDBFI.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Security-deposit-in-lease-agreement-not-debt-RDDBFI.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Security-deposit-in-lease-agreement-not-debt-RDDBFI.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Security-deposit-in-lease-agreement-not-debt-RDDBFI.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":235099,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/08\/31\/sc-refuses-to-review-its-2017-verdict-holding-vijay-mallya-guilty-for-contempt-of-court\/","url_meta":{"origin":203308,"position":3},"title":"SC refuses to review it’s 2017 verdict holding Vijay Mallya guilty for contempt of court","author":"Prachi Bhardwaj","date":"August 31, 2020","format":false,"excerpt":"Supreme Court: The bench of UU Lalit and Vineet Saran, JJ has refused to review the 2017 order by the bench of A.K. 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Lalit, JJ which found Vijay Mallya guilty of contempt of court in the case filed by a consortium of banks that sought relief from\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":41211,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/04\/02\/high-courts-cannot-entertain-any-writ-petition-challenging-the-order-of-the-debts-recovery-tribunal-unless-any-exceptional-circumstances-arise\/","url_meta":{"origin":203308,"position":4},"title":"High Courts cannot entertain any writ petition challenging the order of the Debts Recovery Tribunal unless any exceptional circumstances arise","author":"Sucheta","date":"April 2, 2016","format":false,"excerpt":"Karnataka High Court: While deciding the present petition wherein the issue was that whether a writ petition challenging an order passed by the Debts Recovery Tribunal (DRT) while disposing an appeal filed under Section 17 of the SARFAESI Act, 2002, is maintainable, especially when Section 18 of the 2002 Act\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":277341,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/11\/12\/civil-courr-debt-recovery-suit-against-bank-jurisdiction-transfer-parallel-proceeding-drt-stay-consent-supreme-court-legal-research-updates-news\/","url_meta":{"origin":203308,"position":5},"title":"Civil Court can try debt recovery suit against bank or financial institution; Scope & effect of parallel proceeding before DRT explained: SC","author":"Prachi Bhardwaj","date":"November 12, 2022","format":false,"excerpt":"Supreme Court: The 3-judge bench of Sanjay Kishan Kaul*, Abhay S. Oka and Vikram Nath, JJ, while dealing with the issue relating to the legal right of the borrower to initiate proceedings before a Civil Court against the bank or financial institution, which seeks to recover a loan amount against\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/Civil-Court-can-try-debt-recovery-suit-against-bank-or-financial-institution-Scope-and-effect-of-parallel-proceeding-before-DRT-explained-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/Civil-Court-can-try-debt-recovery-suit-against-bank-or-financial-institution-Scope-and-effect-of-parallel-proceeding-before-DRT-explained-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/Civil-Court-can-try-debt-recovery-suit-against-bank-or-financial-institution-Scope-and-effect-of-parallel-proceeding-before-DRT-explained-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/Civil-Court-can-try-debt-recovery-suit-against-bank-or-financial-institution-Scope-and-effect-of-parallel-proceeding-before-DRT-explained-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/Civil-Court-can-try-debt-recovery-suit-against-bank-or-financial-institution-Scope-and-effect-of-parallel-proceeding-before-DRT-explained-1.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/203308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=203308"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/203308\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=203308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=203308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=203308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}