The ₹8,700 Crore Dispute: Deconstructing the Vijay Mallya Recovery Case Through the Lens of Tax Compliance and Corporate Debt
A consortium of banks led by SBI has informed the Bombay High Court that fugitive businessman Vijay Mallya still owes over ₹8,700 crore, countering his claims of full debt recovery. This article analyzes the legal dispute and its wider implications for tax compliance, interest accruals, and revenue recovery.