A timeline of Vijay Mallya’s fall: From the king of good times to the poster boy of loan defaults
India may have moved one step closer to bringing back its most infamous debt defaulter, Vijay Mallya, who fled the country around three years ago.
On Feb. 03, UK home secretary Sajid Javid approved India’s request to extradite Mallya, who is wanted for financial irregularities at his now-defunct Kingfisher Airlines. Mallya now has 14 days to appeal against the decision.
Kingfisher Airlines owes over Rs9,000 crore ($1.25 billion) to a clutch of banks led by India’s largest lender,...