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.
from Times of India https://ift.tt/bdhDUgp
https://ift.tt/zs107yU 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.
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Why judge described appeals over Vijay Mallya’s bankruptcy as ‘Alice in Wonderland’ case
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