Appeals over Vijay Mallya’s bankruptcy described by judge as ‘Alice in Wonderland’ case
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Indian businessman Vijay Mallya's bankruptcy appeal in the UK concluded, with a judge’s decision pending. Mallya argues that the banks’ realized assets exceed his debt. However, banks claim potential recoveries are contingent on legal outcomes in India, wAppeals over Vijay Mallya’s bankruptcy described by judge as ‘Alice in Wonderland’ case
Indian businessman Vijay Mallya's bankruptcy appeal in the UK concluded, with a judge’s decision pending. Mallya argues that the banks’ realized assets exceed his debt. However, banks claim potential recoveries are contingent on legal outcomes in India, where Mallya owes £1.05 billion. Read more