Vijay Mallya unleashed a twitter diatribe after a british judge declared him bankrupt, allowing indian banks to chase his assets throughout the world. "At the request of government banks, the ED has attached my assets worth 14K crores against a debt of 6.2K crores. They return assets to banks, which collect 9 billion rupees in cash and maintain security over another 5 billion rupees. Banks have asked the court to declare me bankrupt because they may be forced to repay funds to the ED. Unbelievable, "Vijay Mally sent out a tweet on Monday.



The businesses and insolvency court has declared Vijay Mallya bankrupt, according to the UK high court press office, which is viewed as a huge victory for the consortium of indian banks. In order to recover debts due by the now-defunct Kingfisher Airlines, a consortium of 13 banks led by the bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india (SBI) can now seek a worldwide freezing order on Mallya's assets. Mallya has been denied the opportunity to challenge the bankruptcy court's judgement.

Mallya owes the consortium of banks about 9,000 crores in principle and interest. The 65-year-old fugitive billionaire is still on bail after the Westminster magistrate's court in london ordered his extradition in december 2018. He has sought and failed several times to reverse the court's decision.

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