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Will give up Indian assets, if bankruptcy plea comes through: Banks
Synopsis
The State Bank of India led consortium, has told UK's chief insolvency and companies court that it will give up security over beleaguered Indian baron Vijay Mallya's Indian property (UBHL shares and other assets) in the event a bankruptcy order is passed in the UK.
Mumbai: The State Bank of India led consortium, has told UK's chief insolvency and companies court that it will give up security over beleaguered Indian baron Vijay Mallya's Indian property (UBHL shares and other assets) in the event a bankruptcy order is passed in the UK. The banks submitted a amended skeleton argument in July - essentially a summary of the issues to be addressed - to this effect.In April 2020, the London court had adjourned
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