SBI‑led consortium of lenders notified the Bombay High Court that ₹8,752 crore is still recoverable from Vijay Mallya as of Aug 31, 2025.
Earlier in the year, the consortium reported that a debt‑recovery officer had provisionally recovered ₹10,270 crore backed by a bond guarantee, and an additional ₹544.58 crore had been recovered before the case was referred to the Debt Recovery Tribunal.
However, as of January 2026, Mallya’s outstanding liability was ₹8,135.63 crore. When legal fees, penalties and miscellaneous charges are added, the figure rises to ₹8,751.86 crore by the end of August, according to the court’s affidavit.
The Enforcement Directorate says assets worth ₹14,132 crore have been returned to SBI, but the bank maintains that civil recoveries do not absolve it of criminal liability under the Prevention of Money Laundering Act.
Mallya has petitioned to dismiss the criminal charges, arguing that asset recoveries exceeding the original debt should close the case. The consortium has rejected the plea, citing an earlier order from December 31, 2019, and noting that equity holdings attached to the proceedings remain unsold.
The Bombay High Court will hear the matter again on October 13, and market watchers are watching whether the outcome will affect SBI’s net interest margin or debt‑to‑asset ratio. No guidance on the bank’s earnings has been issued yet.