Another bank bites back

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The financial net around Force India F1 owner Vijay Mallya continues to tighten with news from India overnight that the Punjab National Bank has declared United Breweries (Holdings) Ltd and Mallya as wilful defaulters. It is the third public sector financial institution to make such a declaration as a result of debts arising from Mallya’s defunct Kingfisher […]

The financial net around Force India F1 owner Vijay Mallya continues to tighten with news from India overnight that the Punjab National Bank has declared United Breweries (Holdings) Ltd and Mallya as wilful defaulters. It is the third public sector financial institution to make such a declaration as a result of debts arising from Mallya’s defunct Kingfisher […]

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