Vijay Mallya denied permission to appeal in UK bankruptcy case
By Mansoor| Published: 13th January 2021 7:34 pm IST
London: Liquor tycoon Vijay Mallya was on Wednesday denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India (SBI), in their pursuit of debt related to his now-defunct Kingfisher Airlines.
The 65-year-old businessman, who remains on bail in the UK, had filed a renewed application to appeal against UK court orders in the case from last year, which had allowed for an adjournment of bankruptcy proceedings until the debt issue before the Supreme Court in India was decided upon.
Vijay Mallya denied permission to appeal UK court order
PTI/London
(Alamy)
British High Court refuses to dismiss bankruptcy proceedings against the Indian businessman
Liquor baron Vijay Mallya was on Wednesday was denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India (SBI), in their pursuit of debt related to his now-defunct Kingfisher Airlines. The 65-year-old businessman, who remains on bail in the UK, had filed a renewed application to appeal against UK court orders in the case from last year, which had allowed for an adjournment of bankruptcy proceedings until the debt issue before the Supreme Court in India was decided upon.
Read more about Mallya receives fresh blow as plea to halt bankruptcy proceedings rejected on Business Standard. Mallya's lawful group has said that the banks are "made sure about loan bosses" and subsequently ought not bring liquidation procedures
Mallya receives blow as judge denies to dismiss bankruptcy pakistantelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakistantelegraph.com Daily Mail and Mail on Sunday newspapers.
UK Court Denies Release Of Massive Funds For Vijay Mallya's Legal Fees UK Court Denies Release Of Massive Funds For Vijay Mallya's Legal Fees Vijay Mallya seeks approval to use 2.8 million pounds of the estimated 2.9 million pounds held by the court under the UK's Insolvency Act 1986.
Vijay Mallya has been in UK since March 2016 and has been fighting his extradition to India
London:
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).
UK court denies release of funds for Vijay Mallya’s legal fees PTI
London: A UK court hearing an urgent application Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI). Judge Sebastian Prentis, who presided over a remote hearing at the Insolvency and Companies Court (ICC) of the High Court in London, concluded that Vijay Mallya had failed to provide the ‘basic information’ required for such a validation order and agreed only to allow sufficient funds to cover an appeal hearing scheduled in the bankruptcy case for Wednesday.
LONDON: A UK judge has rejected a request by Vijay Mallya for €136,000 (Rs 1.21 crore), acquired from the sale of his French mansion, to pay for further legal fees in his bankruptcy case as the businessman has not given full and clear disclosure from where his the legal fees may be met.
Mallya is seeking €2.8 million (Rs 24 crore) from the realisation of the €2.9million (Rs 25 crore) sale of his mansion -- Le Grand Jardin on the Isle St Marguerite in France -- to pay for his legal fees fighting the banks in the UK and in India. The funds from the sale of the mansion are currently being kept in the UK court funds office whilst Mallya fights a petition brought by the banks to declare him bankrupt.
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).