Indian banks argue for UK court to declare Vijay Mallya bankrupt

A group of Indian public sector banks sought a bankruptcy order against embattled liquor tycoon Vijay Mallya during a High Court hearing in London. Judge Michael Briggs presided over the ongoing hearing in the insolvency division of the court on a bankruptcy petition filed by the banks last year, in relation to lending by Mallya's now-defunct Kingfisher Airlines.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Ea9xza