Fugitive Businessman Vijay Mallya Loses Appeal Against UK Bankruptcy Order

Fugitive businessman Vijay Mallya on Wednesday lost an appeal against a London high court bankruptcy order in case pertaining to more than ₹11,101 crore debt to lenders, including the State Bank of India (SBI).

Vijay Mallya, a former liquor baron, is currently in the UK, and efforts by the Indian government to secure his extradition have ended in a naught as he is believed to have applied for asylum in Britain(Reuters File)

Vijay Mallya has been living in Britain since fleeing India in 2016. He has been embroiled in a long legal battle with lenders, as well as the Indian authorities, following the 2012 collapse of his defunct Kingfisher Airlines.