InvestorQ : What happens to Vijay Mallya now that he has lost his appeal against the extradition order in the UK High Court?
Arya Nanda made post

What happens to Vijay Mallya now that he has lost his appeal against the extradition order in the UK High Court?

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Deepa Salunkhe answered.
1 year ago
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Vijay Mallya lost a High Court appeal in UK against his extradition order to India over the default of Rs.9000 crore in the form of bank loans for Kingfisher Airlines. A consortium of banks led by SBI had sought a bankruptcy order against Mallya for fleeing the country without repaying the loans. Earlier in February, Mallya had appealed to the High Court against his extradition to India. The Judge acknowledged that there was a prima facie case for Mallya’s extradition to India. However, it has also been observed that Mallya be given an opportunity to repay his debts before being declared insolvent.

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