Why judge described appeals over Vijay Mallya’s bankruptcy as ‘Alice in Wonderland’ case

https://ift.tt/1YMwnOU Indian businessman Vijay Mallya's bankruptcy appeal in the UK concluded, with a judge’s decision pending. Mallya argues that the banks’ realized assets exceed his debt. However, banks claim potential recoveries are contingent on legal outcomes in India, where Mallya owes £1.05 billion.

https://ift.tt/UefobFE from Times of India https://ift.tt/1YMwnOU