Vijaya Mallya assets case: UK Court of Appeal refuses permission to appeal
Updated : July 26, 2018 12:19 AM IST
The 62-year-old businessman, who is separately undergoing an extradition trial in a UK court over fraud and money laundering charges by Indian authorities, had sought permission to appeal against the High Court order dated May 8.
While it is not an instruction to enter and that particular order can be appealed against, the banks have the option to use the order as one of the means to recover funds owed to them.
The former Kingfisher Airlines boss had also issued a lengthy media statement last month, condemning the charges against him as politically motivated.
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