An important information related to Vijay Mallya, who is facing trial on charges of fraud and money laundering, has emerged from Britain. Vijay Mallya, wanted in India, withdrew his application to cancel the bankruptcy order against him ahead of a hearing in London .
This means that the ‘insolvency trustee’, a consortium of banks led by the State Bank of India (SBI), will be able to continue searching for assets to recover the estimated debt of about 1.05 billion pounds owed by the 69-year-old Kingfisher Airlines.
