Vijay Mallya’s UK insolvency proceedings won't be stopped due to his petition in India: SC
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The Supreme Court of India said on Monday that businessman Vijay Mallya, who faces charges of financial irregularities amounting to over Rs 9,000 crore, cannot use pendency of his plea regarding repayment plan in SC to stall proceedings in other jurisdiction. A bench headed by Chief Justice S A Bobde passed the order after Centre told that Mallya used pendency of his plea to stall the UK court from delivering verdict.