Vijay Mallya loses appeal against bankruptcy order in UK High Court, vijay mallya, UK High Court, latest news, UK, bankrupty order, banks

London: Businessman Vijay Mallya suffered another legal setback on Wednesday as the London High Court dismissed his appeal against a bankruptcy order issued in July 2021. The case revolves around a staggering £1.28 billion debt owed by Mallya to a consortium of Indian banks, including the State Bank of India. … Read the original article…

Sunterra takes steps toward creditor protection while U.S. subsidiaries face legal scrutiny

Several businesses under the Sunterra banner, known in Alberta for its agriculture and high-end grocery operations, have taken steps toward creditor protection as three of its U.S. subsidiaries face legal and financial scrutiny. Late last month, Sunterra Quality Food Markets, Sunterra Food Corporation, Sunterra Farms, Trochu Meat Processors and Sunwold Farms all filed notices under…