The TOI correspondent from London:Vijay Mallya’s appeal against a bankruptcy order made in the UK courts concluded on Thursday with the judge overseeing the hearing of three separate appeals referring several times to the “Alice in Wonderland world of the case” and “going down rabbit holes”. Judge Sir Anthony Mann has reserved judgment.
The Indian businessman repeated his arguments that the assets realised by the banks exceeded what he owed them so he should never have been made bankrupt.
All the while Mallya is declared bankrupt, a trustee in bankruptcy can investigate his assets, including those in offshore trusts.
The court heard that there are “potentially valuable assets and trusts” that the bankruptcy trustee can…
