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    <title>Vijay Mallya discontinues bankruptcy annulment application in UK</title>
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    <description>Discontinuance of the annulment application enables the Trustee in Bankruptcy to proceed with investigating and realising assets within the bankruptcy estate, leaving the existing bankruptcy order intact. The banks had registered an Indian DRT judgment and obtained interim reliefs including a worldwide freezing order prior to the bankruptcy order; Indian recovery proceedings are material to any future annulment application.</description>
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      <description>Discontinuance of the annulment application enables the Trustee in Bankruptcy to proceed with investigating and realising assets within the bankruptcy estate, leaving the existing bankruptcy order intact. The banks had registered an Indian DRT judgment and obtained interim reliefs including a worldwide freezing order prior to the bankruptcy order; Indian recovery proceedings are material to any future annulment application.</description>
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