Indian businessman Vijay Mallya's bankruptcy appeal in the UK concluded, with a judge’s decision pending. Mallya argues that the banks’ realized assets exceed his debt. However, banks claim potential recoveries are contingent on legal outcomes in India, where Mallya owes £1.05 billion.
source https://timesofindia.indiatimes.com/india/appeals-over-vijay-mallyas-bankruptcy-described-by-judge-as-alice-in-wonderland-case/articleshow/118459876.cms
Why judge described appeals over Vijay Mallya’s bankruptcy as ‘Alice in Wonderland’ case
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February 21, 2025
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February 21, 2025
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