Indian businessman Vijay Mallya has lost a case in the UK High Court. The case was filed by a consortium of Indian banks seeking to collect more than $1.55 billion from him in defaulted dues.
Vijay Mallya fled Indian in 2016 when Indian banks were trying to recover billions of dollars in unpaid loans from his company- Kingfisher Airlines.
The premium airline was launched in 2005 and shut down seven years later.
Our India correspondent Neha Poonia reports.
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