Vijay Mallya goes on a Twitter rage as declared bankrupt.
The businesses and insolvency court has declared Vijay Mallya bankrupt, according to the UK high court press office, which is viewed as a huge victory for the consortium of indian banks. In order to recover debts due by the now-defunct Kingfisher Airlines, a consortium of 13 banks led by the bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">state bank of india (SBI) can now seek a worldwide freezing order on Mallya's assets. Mallya has been denied the opportunity to challenge the bankruptcy court's judgement.
Mallya owes the consortium of banks about 9,000 crores in principle and interest. The 65-year-old fugitive billionaire is still on bail after the Westminster magistrate's court in london ordered his extradition in december 2018. He has sought and failed several times to reverse the court's decision.