According to media reports, fugitive Indian businessman Vijay Mallya has filed papers win the UK high court seeking permission to appeal against the bankruptcy ruling handed down in July. Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs had declared Mallya bankrupt on July 26. His creditors, comprising a consortium of Indian banks led by …
Vijay Mallya, the previous promoter of grounded Kingfisher Airlines, was announced bankrupt by the London High Court on July 26. Accordingly, a few inquiries have emerged. Mallya, when the banner kid of Indian civil aviation, left for the UK on March 2, 2016, only hours before a consortium of banks hurried to the Supreme Court …
Mallya's assets' total value includes different floors of the UB City commercial skyscraper in Bengaluru's central business area. All stakes in United Spirits and United Breweries, are of a total of Rs 5,646.54 crore. A consortium led by the State Bank of India (SBI) can sell certain real estate holdings. Assets belonging to fugitive liquor …
