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Vijay Mallya

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‘Waited for long’, SC to decide punishment for Vijay Mallya in Jan

New Delhi, Nov 30 (SocialNews.XYZ) The Supreme Court on Tuesday said it has waited for sufficiently long, and the process to award punishment to Vijay Mallya in a contempt of court, in which he was held guilty in July 2017, must get over. The top court has scheduled the matter for disposal in January, where it will decide the quantum of punishment for him.
INDIA
Social News XYZ

UK court declares Vijay Mallya as ‘bankrupt’

London, July 26 (SocialNews.XYZ) A UK court on Monday declared fugitive Indian businessman Vijay Mallya, the chairman of now defunct Kingfisher Airlines, as "bankrupt". The UK court order comes as a massive boost for the consortium of banks led by the State Bank of India (SBI) to initiate freezing of assets owned by Mallya's Kingfisher Airlines, both in India and abroad, to repay its debt.
ECONOMY
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