Vijay Mallya resigned as Director of Royal Challengers Sports Private Limited

 Beleaguered businessman Vijay Mallya has stepped down as director of Royal Challengers Sports Pvt Ltd (RCSPL), which runs the Royals Challengers Bangalore IPL franchise.
•    Amrit Thomas, newly appointed chairman of the RCSPL, will be the man in charge of the franchise and the main point of contact with the BCCI.. 
•    Mallya, who is currently in the UK, is the subject of several investigations by federal authorities in India following the collapse of some of his business interests and the seizure of several of his assets. 
•    On February 25, he announced he was stepping down from his positions as non-executive director and chairman at United Spirits. 
•    As for his association with RCB, which he bought in 2008 for $111.6 million, Mallya said he would become the franchise's "chief mentor".
•    Vijay Mallya has been the owner of RCB since 2008, with the franchise failing to win the IPL a single time. 
•    It has been five days since he left India for the United Kingdom with the allegations of being loan defaulter by various Banks of India.
•    He has 9000 crore rupees debt which need to be paid toward various Indian Banks