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Mallya discontinues bankruptcy annulment plea
October 14, 2025
|Financial Express Chandigarh
VIJAY MALLYA, WANTED in India to face trial on fraud and money laundering charges, has discontinued an application to annul a UK bankruptcy order ahead of a planned hearing in London on Monday.
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It means the “Trustee in Bankruptcy” can continue to pursue assets to help a consortium of banks led by the State Bank of India (SBI) realise the repayment of an estimated judgment debt of around 1.05 billion pounds owed by the 69-year-old's now-defunct Kingfisher Airlines.
A High Court hearing to set the directions for the annulment application to be heard was vacated after Mallya's legal team filed a notice of discontinuance last week.
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