Pressure on Kingfisher baron Mallya dials up, trademarks seized

March 10, 2016 11:06 AM

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Pressure on Kingfisher baron Mallya dials up, trademarks seized

MUMBAI A group of Indian banks, seeking to recover more than $1 billion in loans from Kingfisher Airlines, has taken possession of nine trademarks related to the defunct carrier as the mystery over the whereabouts of its chief, Vijay Mallya, deepens.

Mallya, who built his fortune with Kingfisher Beer and is a guarantor to the debt, left the country last week, a lawyer for the lenders told the Indian Supreme Court on Wednesday. The banks have asked the court to demand his return and to impound his passport.

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