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SBI moves SC to bar Mallya from leaving India; hearing on Wednesday

Liquor baron Vijay Mallya, who owes thousands of crores in debts, should be barred from leaving India, a group of banks said in a petition to the Supreme Court.

A bench comprising Chief Justice T S Thakur and Justice U U Lalit said the hearing of the plea is scheduled for Wednesday.

Attorney General Mukul Rohatgi, appearing for PSU banks, said the plea has been moved by 17 banks, including State Bank of India, against Mallya whose various firms have taken loan from them.

The Debt Recovery Tribunal (DRT) on Monday froze Mallya's $75 million severance pay from Diageo until all the cases on him are dropped.

Domestic banks had lent Rs 7,000 crore to Mallya's now defunct Kingfisher Airlines and are struggling to recover the money. SBI, Punjab National Bank and United Bank of India have declared Mallya a willful defaulter.