India, April 9 -- Fugitive businessman Vijay Mallya on Wednesday lost an appeal against a London high court bankruptcy order in case pertaining to more than Rs.11,101 crore debt to lenders, including the State Bank of India (SBI).

Vijay Mallya has been living in Britain since fleeing India in 2016. He has been embroiled in a long legal battle with lenders, as well as the Indian authorities, following the 2012 collapse of his defunct Kingfisher Airlines.

In 2017, a group of banks obtained a judgment in India worth over Rs.11,101 crore against Mallya, who had guaranteed Kingfisher Airlines' debt. Based on that order, the London high court gave a bankruptcy ruling against him in 2021, according to Reuters.

Mallya went on to file an appeal...