The rush to collect on the assets includes a swoop on Vijay Mallya’s French island mansion and yacht by Qatar National Bank. The moves come as India is battling $130 billion of bad debt that has sparked bankruptcies at some companies. Some tycoons have held assets through arcane webs of holding companies, which has complicated creditors’ efforts to recover funds.from News-Economic Times https://ift.tt/2vutAab
