{"id":50488,"date":"2018-12-19T11:27:54","date_gmt":"2018-12-19T11:27:54","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=50488"},"modified":"2018-12-19T11:27:54","modified_gmt":"2018-12-19T11:27:54","slug":"mallya-to-face-bankruptcy-proceedings-in-uk-high-court-next-year-2","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/mallya-to-face-bankruptcy-proceedings-in-uk-high-court-next-year-2\/","title":{"rendered":"Mallya to face bankruptcy proceedings in UK High Court next year"},"content":{"rendered":"<p><strong>Embattled liquor tycoon Vijay Mallya to face bankruptcy proceedings in the UK High Court next year.<\/strong><\/p>\n<p>A consortium of Indian banks in their attempt to recoup unpaid debt worth nearly 1.145 billion pounds has filed the case.<\/p>\n<p>TLT LLP, a UK-based law firm which had won a landmark case for the 13 banks led by State Bank of India earlier this year, confirmed that their bankruptcy petition against the 62-year-old businessman has been transferred to the insolvency list in London&#8217;s High Court of Justice. Paul Gair, partner at TLT said that the hearing is expected to take place in the Spring.<\/p>\n<p>In a ruling in May, a UK High Court judge had refused to overturn a worldwide order freezing Mallya&#8217;s assets and upheld an Indian court&#8217;s ruling that the consortium of 13 Indian banks were entitled to recover funds amounting to nearly 1.145 billion pounds.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Embattled liquor tycoon Vijay Mallya to face bankruptcy proceedings in the UK High Court next year. A consortium of Indian banks in their attempt to recoup unpaid debt worth nearly 1.145 billion pounds has filed the case. TLT LLP, a UK-based law firm which had won a landmark case for the 13 banks led by [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":50489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-50488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/50488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=50488"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/50488\/revisions"}],"predecessor-version":[{"id":50490,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/50488\/revisions\/50490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/50489"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=50488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=50488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=50488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}