Fugitive businessman Vijay Mallya has approached the Karnataka High Court, contesting the debt recovery proceedings initiated against the now-defunct Kingfisher Airlines.

In his petition, Mallya argued that while Kingfisher Airlines owed approximately ₹6,200 crore, authorities had already recovered the "principal debt amount multiple times over."

The plea, filed on February 3, was briefly heard on Wednesday by Justice R. Devdas.

Senior Advocate Sajan Poovayya, representing Mallya, informed the Court that he was not seeking any interim relief at this stage, allowing the respondents to present their side first.

Following this, the Court issued notices to ten banks, a recovery official, and an asset reconstruction company named as respondents in Mallya's plea.

Mallya’s petition challenges the recovery process initiated by multiple nationalized and private sector banks, including the State Bank of India and Punjab National Bank, as well as an asset reconstruction company. He has sought an interim stay on further recovery proceedings and requested a detailed statement of accounts outlining the amounts owed by him, United Breweries Holdings, and other associated entities.

In December last year, Mallya had claimed on social media that banks had already recovered more than twice the ₹6,203 crore debt adjudicated by the Debt Recovery Tribunal, including interest.

He also referred to a statement by Union Finance Minister Nirmala Sitharaman in the Lok Sabha, where she mentioned that properties worth ₹14,131.6 crore linked to Mallya had been restored to public sector banks.

Mallya, who fled to the UK in 2016, remains wanted in India for defaulting on loans amounting to thousands of crores borrowed by Kingfisher Airlines from multiple banks.