Even as fugitive liquor baron Vijay Mallya has questioned the bailout of Jet Airways, but not Kingfisher Airways, Indian banks on Wednesday recovered Rs 1,008 crore after selling shares belonging to United Breweries Limited.
The shares were seized by investigation agencies and then disposed of to recover some of the Rs 9,000-crore in outstanding debt that Mallya owes to a consortium of banks, led by State Bank of India.