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UK HC grants bankruptcy order against Vijay Mallya, permits banks to pursue his assets worldwide
Posted
July 27, 2021
Views
1,243
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19
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3
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July 27, 2021
1,243
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3:02Now PlayingA British high court has declared Vijay Mallya bankrupt. The verdict permits banks to pursue his assets worldwide. This comes as a major setback for the fugitive Indian businessman who is a subject of an extradition effort by the Indian Government to return him from the UK to face charges of financial crimes in India. The court granted a bankruptcy order against Mallya, making way for a consortium of 13 banks, led by the State Bank of India, to pursue a worldwide freezing order to seek repayment of amounts owed by the now-defunct Kingfisher Airlines. Watch the full video to know more about this story and stay updated with the latest news and breaking stories only on Mirror Now.
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