In Big Blow To Mallya, London Court Declares Him Bankrupt
The Times of India Hyderabad|July 27, 2021
Has Option To Seek Permission From Higher Court To Appeal
Naomi Canton
In Big Blow To Mallya, London Court Declares Him Bankrupt

London: Fugitive businessman Vijay Mallya was declared bankrupt on Monday by the Insolvency and Companies Court (ICC) of the London high court. Though the order takes effect immediately, he has the option to seek permission to appeal from a higher court.

“There is no evidence he will go back to India to face trial so I find insufficient evidence he will pay the debt in full in a reasonable period of time. I shall adjudicate Dr Mallya bankrupt,” chief ICC judge Briggs declared.

هذه القصة مأخوذة من طبعة July 27, 2021 من The Times of India Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 27, 2021 من The Times of India Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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