Live Eventsas a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! "Vijay Mallya's Trustee in Bankruptcy will be able to continue with their work in investigating and realising assets falling within his bankruptcy estate without any hindrance that this application might have caused them," UK law firm TLT LLP, representing the banks, said in a statement.It follows High Court Judge Anthony Mann's ruling in favour of the banks back in April to uphold the bankruptcy order dating back over four years. "The bottom line in relation to this is that the bankruptcy order stands," Justice Mann had concluded.Mallya, meanwhile, was pursuing a separate annulment application through his lawyers Zaiwalla & Co. against the 2021 bankruptcy order on the basis that the banks' debt had already been recovered in India. The banks then served Mallya with a bankruptcy petition in September 2018, which he opposed on multiple grounds.The hearings in the case of SBI and Others date back to May 2018, when the banks were granted a worldwide freezing order based on the DRT judgment. Since then, there have been a series of hearings in this case, which led to a bankruptcy order against Mallya on July 26, 2021.Separately, in relation to India's extradition request, Mallya remains on bail in the UK while a "confidential" legal matter believed to be related to an asylum application is resolved.
