Declared bankrupt, Vijay Mallya launches rant on Twitter

After being declared bankrupt by a British court allowing Indian banks to pursue his assets worldwide, Vijay Mallya launched a tirade on Twitter as he accused lenders pursuing of making him bankrupt. “ED attach my assets worth 14K crores at behest of Govt Banks against debt of 6.2K crores.They restore assets to Banks who recover 9K crores in cash and retain security over 5K crores more.Banks ask Court to make me Bankrupt as they may have to return money to the ED. Incredible,” Vijay Mallya tweeted on Monday.

The UK high court press office said in a statement that the companies and insolvency court passed the ruling declaring Vijay Mallya bankrupt, which is being seen as a major victory for the consortium of Indian banks.