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UK court defers bankruptcy plea of banks against Vijay Mallya

Indebted businessman Vijay Mallya has avoided being made bankrupt in the London high court docket after a pass judgement on adjourned the bankruptcy petition the Indian banks introduced in opposition to him, slamming it as "by any measure extraordinary". Chief Insolvency and Companies Court pass judgement on Briggs adjourned the petition for "at least six months", announcing Mallya must be given time to pay the money owed in full.

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