PoliticsPhoto: Amar UjalaKarnataka High Court Criticizes Vijay Mallya's Lifestyle in Loan Dispute
The Karnataka High Court made a stern remark about fugitive businessman Vijay Mallya, stating his lavish lifestyle and ego are major obstacles in repaying bank loans. The bench of Justices DK Singh and TM Nadaf commented during a share dispute case involving Diageo Holdings Netherlands BV and a bank consortium led by SBI. The court noted that personal ego and indulgence can ruin decades of hard work, leading to bankruptcy and loss. The dispute concerned shares of United Breweries Limited pledged against a loan. The court ruled Diageo's claim on these shares stronger than the banks' claims.
Amar Ujala·

