Brief by Shorts91NewsDesk / 01:47pm on 09 Apr 2025,Wednesday International
On April 9, 2025, the London High Court dismissed fugitive tycoon Vijay Mallya’s appeal against a 2021 bankruptcy order filed by Indian banks seeking to recover over £1 billion in unpaid loans. The court ruled that Mallya’s claims of full debt recovery through asset sales were unsubstantiated. The verdict strengthens the position of a consortium led by State Bank of India in seizing Mallya’s UK assets. Mallya, accused of fraud and financial misconduct tied to Kingfisher Airlines’ collapse, continues to fight extradition to India, where criminal proceedings await him. (PC: Reuters)
