13 Indian banks lost out about 40 million pounds in 'unfair' sale process of Vijay Mallya's Force India

One of the two main bidders, keen to acquire embattled Indian businessman Vijay Mallya's Force India Formula One racing team after it went into administration, has claimed that a consortium of 13 Indian banks lost out on estimated 40 million pounds as a result of an "unfair" sales process concluded last month.

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