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Mallya looses his assets in England
Updated : May 9, 2018
The king of good times Mr. Mallya has suffered a severe setback yesterday. The UK court has granted permission for sale of his assets to recover the debts made by him. This would allow the consortium of 13 Indian banks to recover 1.5 billion dollars defaulted by the liquor baron. The judgement is seen as a moral boost for both the banking sector as well as the Indian government which were defamed by the escape of Mallya.