The Indian beer, airline and Formula One boss known as the king of good times faces bankruptcy proceedings in a London court and a separate attempt to force the sale of his sons luxury yacht.
The State Bank of India and other lenders that extended more than 1bn to Vijay Mallyas Kingfisher Airlines before it went bust in 2012 have lodged a petition to have the tycoon declared bankrupt in an effort to seize his assets.
Chairman of the company that owns Kingfisher beer and co-owned the Force India F1 team before it collapsed in July, Mallya fled to Britain two years ago, shortly before an arrest warrant was issued in India. He is on…
Read the full article at: https://www.thetimes.co.uk/article/fugitive-indian-beer-tycoon-vijay-mallya-threatened-with-bankruptcy-fm5x5xztw
