UK COURT DECLARED VIJAY MALLYA BANKRUPT: WHAT DOES THIS MEAN FOR INDIAN BANKS?

Author: Nivedita Singh

The British Court has given a Bankruptcy order against Vijay Mallya on July 26,2021, making it easier for the consortium of Indian Banks led by the State Bank of India to aspire a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines.