Fugitive businessman Vijay Mallya argued before the Karnataka High Court Tuesday that banks must not charge further interest on the amount they have recovered from him and UB Holdings.

A bench of Justice Lalitha Kanneganti heard the matter.

Meanwhile, the creditor banks raised the issue of Mallya’s fugitive status, while also questioning whether the High Court was an appropriate forum for his petition.

Senior Advocate Sajjan Poovayya, representing Mallya, said Tuesday, “The Debt Recovery Tribunal had issued a certificate for Rs 6,200 crore and interest… that resulted in multiple recoveries. The recovery officer certificates indicate that something like Rs 10,000 crore has been recovered….the finance minister on the floor of the House makes a statement that the amount fully recovered is

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