A consortium of Indian banks led by the State Bank of India on Tuesday moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya’s now-defunct Kingfisher Airlines after the High Court in London upheld an application to amend their bankruptcy petition, in favour of waiving their security over the embattled businessman’s assets in …
The banks have since filed a bankruptcy petition against Vijay Mallya in the UK courts, which is being challenged by the former Kingfisher Airlines boss and is expected to come up for hearing around December this year. London: Vijay Mallya on Wednesday failed to convince a UK High Court to dismiss an order related to money in one of his …
Mallya on Wednesday faced yet another legal battle to prevent a consortium of Indian banks led by State Bank of India getting access to nearly 2,60,000 pounds Embattled liquor tycoon Vijay Mallya is reportedly living off his partner, his personal assistant, a business acquaintance and his adult children, the London high court was told on Wednesday. Mallya on Wednesday faced …
Embattled liquor tycoon Vijay Mallya on Wednesday faced yet another legal battle to prevent a consortium of Indian banks led by State Bank of India getting access to nearly 260,000 pounds in a UK bank account. The 62-year-old is contesting an interim debt order obtained by the Indian banks in January this year, which relates to funds in the former …
London: Embattled liquor tycoon Vijay Mallya’s legal troubles continue to mount as he is set to face bankruptcy proceedings in the UK High Court next year, brought by a consortium of Indian banks in their attempt to recoup unpaid debt worth nearly 1.145 billion pounds. TLT LLP, the UK-based law firm which had won a landmark case for the 13 …
)
