Mallya receives fresh blow as judge denies appeal to dismiss bankruptcy proceedings
ANI |
Updated: Jan 13, 2021 22:39 IST
By Poonam Joshi
London [UK], January 13 (ANI): The UKHigh Court today refused an appeal by the fugitive businessman Vijay Mallya to dismiss the bankruptcy petition brought by a consortium of banks which are attempting to recover the debts owed by Mallya's now-defunct Kingfisher Airlines in lieu of the loans granted to the airline.
In a major setback for the 65-year-old Mallya, Justice Birss of the Insolvency and Companies division of the UKHigh Court upheld an earlier ruling that the bankruptcy proceedings be halted in just the latest appeal by Mallya against the proceedings.