Mallya pursues annulment of UK bankruptcy order on 'unreal quality'

Embattled businessman Vijay Mallya believes Indian banks pursuing bankruptcy proceedings against him in the English courts have assumed an "unreal quality" in the wake of Union Finance Minister Nirmala Sitharaman's recent statement in Parliament and has instructed his lawyers to pursue an annulment application.

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It emerged as Justice Anthony Mann reserved judgment, to be handed down at a later date after hearings of three interlinked appeals related to Mallya's bankruptcy order concluded at the High Court in London this week.