Vijay Mallya Withdraws Bankruptcy Annulment Plea In UK

Vijay Mallya has withdrawn his UK bankruptcy annulment plea ahead of a London hearing, allowing the Trustee in Bankruptcy to continue pursuing his assets to recover £1.05 billion owed to Indian banks led by SBI. The High Court upheld the bankruptcy order, with Mallya’s annulment bid halted amid stalled legal proceedings in India.