Vijay Mallya is Former two term Member of Parliament (Rajya Sabha), Chairman of The UB Group, Sports enthusiast, Veteran Formula One Team Principal, Championing Youth empowerment. On July 26, 2021, Mallya twitted, 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.
Indian businessman and two term Member of Parliament (MP) Vijay Mallya was declared bankrupt on 26 May 2021 by the Insolvency and Companies Court of the London high court. Though the order takes effect immediately, he has the option to seek permissio…
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