Indian banks win U.K. bankruptcy appeal in Vijay Mallya case

Indian banks win U.K. bankruptcy appeal in Vijay Mallya case

Indian businessman Vijay Mallya. File. | Photo Credit: Reuters A consortium of Indian banks, led by State Bank of India, on Wednesday (April 9, 2025) won their court appeal in London to uphold a bankruptcy order against Vijay Mallya in a long-standing legal battle seeking repayment of a judgment debt owed by his now-defunct Kingfisher … Read more

Mallya takes jibe at Finance Minister over claim of ₹14,000 crore debt recovery

Mallya takes jibe at Finance Minister over claim of ₹14,000 crore debt recovery

Vijay Mallya puts up post on social media saying this amount was more than twice the debt adjudicated by courts. File. | Photo Credit: Reuters Taking a swipe at Finance Minister Nirmala Sitharaman for her statement in Parliament that banks recovered Vijay Mallya’s assets worth ₹14,131.6 crore and returned to public sector banks, the fugitive … Read more