India has failed in its initial attempt to secure the return of debt-strapped tycoon Vijay Mallya from Britain but New Delhi said on Wednesday it would continue to seek his repatriation to face his creditors.
India's upper house of parliament has rejected Vijay Mallya's resignation of his seat, saying a letter the embattled tycoon sent from Britain did not conform to "procedures" or carry an original signature.
India's government said it had temporarily suspended the passport of beleaguered tycoon Vijay Mallya, after he failed to appear before financial crime investigators in connection with a money laundering probe.
Embattled Indian tycoon Vijay Mallya has proposed to repay ?40bn ($603mn), less than half of what his defunct Kingfisher Airlines owes to creditor banks.
