Millennium Post

Mallya row: DRT to pass interim order in Indigo, GoAir case today

The Debt Recovery Tribunal (DRT) will pass an interim order on Tuesday on the plea of a consortium of banks seeking a direction to Indigo and GoAir airlines under garnishee proceedings to deposit with it the money to be paid to Airbus by them, in a Kingfisher Airlines case.

“I am under pressure, and I wouldn’t want any further delays. I would pass an interim order, tomorrow, on interim applications filed by the bankers,” DRT Presiding Officer K Srinivasan said during the hearing of the interim applications by the banks led by Oriential Bank of Commerce.

He also directed Airbus to produce a letter containing details of its account held in whichever bank for freezing Rs 196 crore until the case is disposed of. A garnishment is a means of collecting a monetary judgment against a defendant by ordering a third party (the garnishee) to pay the money, otherwise owed to the defendant, directly to the plaintiff.
PTI

PTI

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