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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 been made. The judge promises to announce the final decision in the next few weeks. Last spring, Indian banks, including ...

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