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HomeBusinessIndian banks strongly advocate in UK court to declare Vijay Mallya bankrupt

Indian banks strongly advocate in UK court to declare Vijay Mallya bankrupt


Indian banks have strongly advocated in a UK court to declare liquor baron Vijay Mallya bankrupt. In a virtual hearing before Judge Michael Briggs in the Chief Insolvency and Companies Court (ICC), the two sides amended the insolvency petition filed last year After giving his final arguments in the case.

London. state Bank of India (SBI) led by a consortium of Indian banks on Friday in London High Court hearing the liquor businessman Vijay Mallya Lobbied strongly to be declared bankrupt. Mallya owes a debt of thousands of crores of rupees to the closed Kingfisher Airlines. In a virtual hearing before Judge Michael Briggs in the Chief Insolvency and Companies Court (ICC), the two sides made their final arguments in the case after amending the insolvency petition filed last year.

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Apart from SBI, this group of banks includes Bank of Baroda, Corporation Bank, Federal Bank Limited, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank Of India and JM Financial Asset Reconstruction Company Private Limited. Judge Briggs said that he would now consider the details and give an appropriate time decision in the coming weeks.

Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.

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