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British court grants bankruptcy order against Vijay Mallya During the course of hearing, the judge asked his barrister, if there was any indication if his client intended to return to India PTI | London | Published 27.07.21, 01:02 AM
A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines.
“As at 15.42 (UK time), I shall adjudicate Mallya bankrupt,” Chief Insolvencies and Companies Court (ICC) judge Michael Briggs said in his ruling during a virtua
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.