Deepakar Livingston, Advocate, Bombay High Court
and Ritvik M. Kukarni, IV BSL LLB, ILS Law College, Pune
Bad times have ensued for Mr. Vijay Mallya, widely known as the king of good times. A huge consortium of 17 banks, led by State Bank of India (SBI), has moved the Debt recovery Tribunal at Bangalore seeking Vijay Mallya’s arrest. The Kingfisher owes to the SBI Consortium a whopping INR 7,800 crore in debt. He was declared a ‘willful defaulter’ in law by SBI in November 2015. SBI has additionally sought for an order to obtain a full disclosure of Mallya’s assets and to further freeze all his assets.
Law, Life & Laughs 
