Indian banks back in UK court over Vijay Mallya's non-payment of debt
London: A consortium of Indian public sector banks led by State Bank of India (SBI) are back in the UK high court to seek a bankruptcy order against liquor tycoon Vijay Mallya over the alleged unpaid debt of around 1.145 billion pounds.
Judge Michael Briggs is presiding over a hearing in the insolvency division of the court in London this week in relation to a bankruptcy petition filed by the banks back in 2018 in their attempt to recoup unpaid debt accrued by the now-defunct Kingfisher Airlines.
A previous UK High Court ruling had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that the consortium of 13 Indian banks were entitled to recover funds amounting to nearly 1.145 billion pounds.
The banks then launched efforts to recover dues as part of the freezing order, with the bankruptcy petition aimed at seizing UK-based Mallya's assets to recover the dues.
Besides SBI, the 13 Indian banks include Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt Ltd.
They have secured follow-on High Court orders to recover some of the funds owed to them as a result of Kingfisher Airlines' unpaid loans.
In July, the banks had won a High Court battle to access documents they were after to establish the true ownership of assets they believed were linked with the embattled liquor tycoon.
Frankly, the answer needs to be known as to which assets are that of Mr Mallya, both for the purpose of the worldwide freezing order and enforcement of the judgment, Justice Robin Knowles had ruled.
Two superyachts, a game reserve in South Africa, numerous undeclared high-value and vintage cars, valuable paintings and a piano previously owned by famous British singer-songwriter Elton John were among some of the assets on their target list.
The true ownership of a plush home overlooking Regent's Park in the heart of London also remains in contention.
Mallya's legal team has argued that the petition for bankruptcy in the UK should be dismissed because the banks are pursuing the same debt through the Indian courts.
The lawyers have also sought a stay on proceedings until Mallya's appeal against his extradition order, scheduled in the Royal Courts of Justice in London, is heard in February next year.
Meanwhile, Mallya remains on bail pending the appeal hearing in the extradition proceedings brought by India in relation to charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.
He had been arrested on an extradition warrant back in April 2017 and has been fighting his extradition in the UK courts since then.
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Assam polls: Cong announces first list of 42 candidates, Gaurav to contest from Jorhat
Guwahati (PTI): The opposition Congress on Tuesday took the lead in announcing its first list of 42 candidates for the upcoming assembly elections in Assam, with it comprising both sitting MLAs and former ministers, and also new faces, including sons of three prominent politicians.
The party's chief ministerial candidate and state president Gaurav Gogoi will contest from the prestigious Jorhat assembly constituency, currently held by BJP's Hitendra Nath Goswami.
The Deputy Leader of the Opposition in the Lok Sabha will make his first electoral foray for the assembly.
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Gogoi is currently the party MP from the Jorhat parliamentary constituency and previously represented Kaliabor twice before it was reconstituted during the delimitation exercise in the state.
The leader of the opposition in the state assembly, Debabrata Saikia, will contest from the family stronghold of Nazira, which he has represented since 2016. His father, former chief minister Hiteswar Saikia, and his mother, Hemoprava Saikia, previously represented the constituency.
Three sitting MLAs -- Nandita Das from Hajo-Sualkuchi, Diganta Barman from Barkhetry and Nurul Huda from Rupohihat -- have also been included in the list.
Das, a two-time MLA, had earlier contested from Boko but following the delimitation exercise in the state, she has been shifted to Hajo-Sualkuchi while Barman and Huda will contest from the same seats they represented in the current assembly.
Former minister and state Congress president Ripun Bora will contest from Barchalla while another former minister, Ajit Singh, will contest from Udharbond constituency in Barak Valley.
Former minister and Deputy Speaker Pranati Phukan, a four-time MLA till 2016, will contest from Naharkatia in Upper Assam.
Tanzil Hussain, son of Dhubri MP Rakibul Hussain, will contest from Samaguri where he had lost to BJP's Diplu Ranjan Sarmah in the 2024 by-elections which was necessitated following the election of the senior Hussain to Lok Sabha.
Prateek Bordoloi, son of Nagaon MP Prodyut Bordoloi, will contest the Margherita seat which was represented by his father thrice since 2001.
Former five-time MP and prominent tea tribe leader Paban Singh Ghatowar's son Pranjal Ghatowar will contest from the Chabua-Lahowal seat.
Assam Pradesh Mahila Congress president Mira Borthakur, who had unsuccessfully contested the last parliamentary polls from Gauhati, has been given the ticket for the prestigious Dispur constituency.
Former BJP MLA Ashok Sarma, who was denied ticket by the ruling party in 2021 and went on to join the Congress in 2024, will contest from his previous Nalbari seat.
Another former BJP MLA and Deputy Speaker Aminul Haque Laskar, who joined the Congress in 2024, will contest from Sonai constituency in Barak Valley.
Former AGP MLA Satyabrat Kalita, who joined the Congress in September 2025, will contest from Kamalpur seat.
Other prominent faces in the list include former Congress MLAs Durga Bhumij from Doomdooma, Binanda Kumar Saikia from Sipahjhar and Bubul Das from Jagiroad (SC) constituency.
The Congress is a leading part of the unified opposition alliance, 'Asom Sonmilito Morcha', formed to challenge the ruling BJP, and has entered into seat-sharing arrangements with the Assam Jatiya Parishad (AJP) and the Left, but is yet to finalise it with Raijor Dal.
Presently, the ruling BJP's strength in the 126-member assembly is 64, while its allies AGP has nine MLAs, UPPL has seven and BPF has three members.
In the opposition camp, the Congress has 26 MLAs, AIUDF has 15 members and CPI(M) has one MLA. There is an Independent legislator as well.
