Vijay Mallya declared bankrupt, a look at King of Good Times' bank loan fraud and escape to UK
Zee Media Bureau
| Jul 27, 2021, 12:05 PM IST
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Vijay Mallya declared bankrupt
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Mallya turned from 'King of good times' to a 'fugitive'
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Vijay Mallya and his defunct Kingfisher Airlines
Vijay Mallya, the owner of the now-defunct Kingfisher Airlines, owes more than Rs 9,000 crore to a consortium of banks in principal and interest.
The petitioners in the court were made up of an SBI-led consortium of 13 Indian banks, including Bank of Baroda, Corporation Bank, Federal Bank Ltd, 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 Co Pvt Ltd.
(Photo: Reuters)
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Vijay Mallya has been a former Member of Indian Parliament
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Speculations are rife that Vijay Mallya has sought political asylum in UK
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