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LONDON: Indebted liquor tycoon Vijay Mallya escaped being made bankrupt in the high court in London by a whisker on Tuesday after the judge was persuaded that Mallya’s ongoing proceedings in the Indian courts could render the judgment debt against him invalid for the purpose of making a bankruptcy order. Chief Insolvency and Companies Court (ICC) judge Briggs adjourned making the bankruptcy order to allow for another day of arguments on July 26 after Mallya’s lawyer, Philip Marshall QC, pointed out that Mallya had an interest rate challenge in the Karnataka high court and a compromise settlement proposal in the Supreme Court of India, and claimed that both could discharge the debt he owes.

City ofUnited kingdomVijay mallyaJustice deepak vermaSupreme courtCompanies courtKingfisher airlinesPhilip marshallDeepak vermaTuesday briggsநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்விஜய் மல்லையாநீதி தீபக் வெர்மாஉச்ச நீதிமன்றம்நிறுவனங்கள் நீதிமன்றம்