Why judge described appeals over Vijay Mallya’s bankruptcy as ‘Alice in Wonderland’ case
Indian businessman Vijay Mallya's bankruptcy appeal in the UK concluded, with a judge’s decision pending. Mallya argues that the banks’ realized assets exceed his debt. However, banks claim potential recoveries are contingent on legal outcomes in India, where Mallya owes £1.05 billion.
Indian businessman Vijay Mallya's bankruptcy appeal in the UK concluded, with a judge’s decision pending. Mallya argues that the banks’ realized assets exceed his debt. However, banks claim potential recoveries are contingent on legal outcomes in India, where Mallya owes £1.05 billion.
