India bankers have won the case against fugitive Vijay Mallya. Many Indian Bankers including State Bank of India suffering from a bad economic growth after they lend the loan to fugitive Vijay Mallya.
On last Monday the United Kingdom's London high court declared him a fugitive in the bankruptcy. After the declaration it has been proved that the fugitive Vijay Mallya misuse the lending money of Indian banks. Now the all bank of India can be seized the all accounts of where Mallya got the loan.
Down Fall of Fugitive Vijay Mallya- Vijay Mallya took loans for improving the service of his airlines Kingfisher but he couldn't succeed to implement it. Then Vijay Mallya spent the loan for his debauchery ,he bought many aircraft and property to maintain his previous luxury life. Fugitive Vijay Mallya loot 9000 plus crore rupees from the indian bank. The State Bank of India and many others bank fill up petition against fugitive Vijay Mallya. Now the Indian banks get victory over the bankrupt Vijay Mallya. They have full charge to seized the all property of Vijay Mallya and also sell the share of Mallya's.