<h1>Banks Prevail in High-Stakes Bankruptcy Appeal Against Businessman, Securing Debt Recovery Through Comprehensive Legal Challenge</h1> A consortium of Indian banks won a court appeal in London against a businessman, upholding a bankruptcy order related to unpaid airline loans. The High Court judge ruled in favor of the banks, rejecting multiple legal challenges. The bankruptcy petition was confirmed, with the court finding that asset realizations did not discharge the debt under English law. The businessman remains on bail in the UK while pursuing an annulment application.