Fugitive liquor businessman Vijay Mallya has suffered a major setback in the bankruptcy case. He was not allowed to file an appeal against the High Court order in the bankruptcy case. Mallya's lawyer Philip Marshall gave information about this.
The British High Court refused to quash the bankruptcy proceedings brought by the group of Indian banks led by SBI. Mallya wanted to appeal against this decision of the High Court in a debt case related to its closed airline Kingfisher Airlines.
The 65-year-old liquor businessman is on bail in the UK. He was preparing to appeal afresh against the order of the UK High Court, which he was not allowed. Mallya is accused of not repaying loans by borrowing thousands of crores of rupees from 13 Indian banks.