💨 Abstract

Indian tycoon Vijay Mallya has lost an appeal against a bankruptcy order in London over a 1.28 billion USD debt to lenders, including the State Bank of India. The debt stems from his defunct Kingfisher Airlines, which collapsed in 2012. Mallya, who lives in the UK, has been embroiled in legal battles with lenders and authorities over the issue.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖