UK Court Favours Indian Banks In Mallya Case

London: A consortium of Indian banks, led by State Bank of India (SBI), on Wednesday won their court appeal in London to uphold a bankruptcy order against Vijay Mallya in a long-standing legal battle seeking repayment of a judgment debt owed by his now-defunct Kingfisher Airlines. High Court judge Anthony Mann ruled in favour of the banks to allow an appeal heard in February, while refusing two applications by Mallya.