The country’s top state lender earlier this month identified a list of 331 non-performing assets with a combined outstanding value of 960 billion rupees ($11.6 billion), according to a note SBI sent to potential investors and seen by Bloomberg News.
Vijay Mallya pursues reversal of bankruptcy order in UK bhatkallys.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhatkallys.com Daily Mail and Mail on Sunday newspapers.
Embattled businessman Vijay Mallya, who is based in Britain for over five years, is pursuing appeals in the UK courts in an attempt to overturn a bankruptcy order imposed on him by the High Court in London in July last year.
At a case management hearing at the Chancery Division of the High Court in London on Monday, Justice Tom Leech concluded that a set of interlinked hearings in the matter would be heard together.
Vijay Mallya Declared Bankrupt By British Court, Good News For SBI
On Monday a British court granted a bankruptcy order against fugitive Indian business tycoon Vijay Mallya.
Outlook Web Desk 27 July 2021, Last Updated at 10:16 am PTI/File Photo Outlook Web Desk 2021-07-27T09:34:47+05:30 Vijay Mallya Declared Bankrupt By British Court, Good News For SBI outlookindia.com 2021-07-27T10:16:13+05:30
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In good news for Indian authorities, fugitive business tycoon Vijay Mallya has been declared bankrupt by a court in the United Kingdom on Monday. The development came amid reports of the possible extradition of Mallya who has been seeking permission to stay on in the UK as a refugee, a status that he was fighting for as an asylum seeker.