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Vijay Mallya gets bankruptcy reprieve from UK High Court

Updated : April 10, 2020 04:59 PM IST

In a relief to liquor baron Vijay Mallya, the High Court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks
In his judgment, the judge concluded that the legal cases being pursued by Mallya in India stood a reasonable prospect of success.
Judge said there is no obvious advantage to the banks to pursue this class action at this point in time.
Vijay Mallya gets bankruptcy reprieve from UK High Court

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