Vijay Mallya denied permission to appeal in UK bankruptcy case
Liquor tycoon Vijay Mallya was on Wednesday denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India (SBI), in their pursuit of debt related to his now-defunct Kingfisher Airlines.
The 65-year-old businessman, who remains on bail in the UK, had filed a renewed application to appeal against UK court orders in the case from last year, which had allowed for an adjournment of bankruptcy proceedings until the debt issue before the Supreme Court in India was decided upon.
His counsel, Philip Marshall, argued that the banks’ bankruptcy petition should be dismissed rather than just adjourned as the debt in question was disputed and being deliberated upon in the Indian courts.
