New Delhi, Aug. 12 -- The Bombay High Court on Wednesday (12 August) indicated that a long-running commercial dispute involving fugitive businessman Vijay Mallya and a consortium of banks led by the State Bank of India (SBI) should now be brought to a close, after Mallya's lawyer said a petition filed six years ago over the seizure of his assets had effectively become redundant.

A division bench of the Bombay High Court made the observation on Wednesday while hearing Mallya's 2020 petition challenging an order that had permitted the SBI-led consortium to use assets confiscated by the Enforcement Directorate (ED) to recover outstanding dues linked to Kingfisher Airlines.

Senior advocate Amit Desai, representing Mallya, told the court tha...