Vijay Mallya loses appeal against UK bankruptcy order

Apr 11, 2025 10:28 AM IST

The London High Court judge Sir Anthony Mann was told by counsel representing Mallya that there had been lack of transparency from the banks regarding the recoveries made in India

London: Disgraced business tycoon Vijay Mallya lost an appeal in the London High Court on Wednesday against a July 2021 bankruptcy order. This concerns the £ 1.28 billion debt that he owes to lenders including the State Bank of India.

Justice Verma had opined that the bankruptcy petition against Mallya in the UK was illegal. This was countered by Justice Gowda who appeared on behalf of Indian banks, and whose expert evidence contended that Indian banks as commercial entities were entitled to pursue Mallya in the UK. (File photo) — Justice Verma had opined that the bankruptcy petition against Mallya in the UK was illegal. This was countered by Justice Gowda who appeared on behalf of Indian banks, and whose expert evidence contended that Indian banks as commercial entities were entitled to pursue Mallya in…

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Vijay Mallya loses appeal against UK bankruptcy order | Mumbai news

The London High Court judge Sir Anthony Mann was told by counsel representing Mallya that there had been lack of transparency from the banks regarding the recoveries made in India

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