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INDIAN BILLIONAIRES CONTINUE TO GO BANKRUPT

The bankruptcy of Indian businessman Vijay Mallya, who was previously called ‘the king of good times’, is attracting more and more attention from the public. Today, this is perhaps the last super-wealthy Indian entrepreneur to fail. Rusbankrot already published a material about his financial problems at the end of April. After Vijay Mallya had been declared insolvent in a British court, social media in India began to literally seethe with discussions about the spectacular collapse of the 65-year-old...

Indian banks are trying to declare tycoon Vijay Mallya bankrupt

Last Friday, the High Court of London held hearings on the bankruptcy of the Indian alcohol tycoon Vijay Mallya. A consortium of Indian banks led by the State Bank of India (SBI) is interested in the results of the process. Financial organizations are trying to collect debts from the businessman on loans for the Kingfisher Airlines, previously owned by the tycoon. Insolvency Judge (ICC) Michael Briggs presented their final arguments in the case after the necessary amendments to the petition had...

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