Vijay Mallya Bankrupt, Declares UK Court; Banks Allowed To Pursue Assets Worldwide
Photo courtesy: Republicworld
In a major development, fugitive businessman Vijay Mallya has been declared bankrupt by the London High Court on Monday, July 26, with a consortium of 13 Indian banks led by SBI winning the case. The banks had accused Mallya of wilfully defaulting loans amounting to Rs 9,000 crore which was sanctioned to the now-defunct Kingfisher Airlines.
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- 28 Jul 2021
- WerIndia
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