ECONOMY
Vijay Mallya's Offer Via Video : Can pay Rs.4,000 Crore By September:
- pt team
Vijay Mallya's Offer Via Video : Can pay Rs.4,000 Crore By September:



Vijay Mallya has made an offer to banks struggling to recover more than Rs 9000 crores from his Kingfisher Airlines: he will arrange to repay 4,000 crores by September. His lawyers submitted a copy of the details to the Supreme Court today, which has given banks a week to respond.

According to a report by NDTV, Mr Mallya's uncomplicated exit from the country earlier this month incited political recriminations, with the opposition asking why the liquor baron who dubbed himself "The King of Good Times" was able to travel abroad at a time when banks are desperate for his airline, which stopped functioning in 2012, to repay its loans.

On Twitter, which he uses regularly, Mr Mallya, who is in the UK, has stressed that he is a parliamentarian who will obey laws and is not escaping his debts; however, the 60-year-old has refused to comply with two orders to make himself available for interrogation in Mumbai.

The judges asked his lawyers today when he plans to return to India; they responded that since he is available via video conference, there's no urgent need for him to head home, and he should not be considered an absconder.
 
It is not clear yet whether what Mallya is offering to banks is a One Time Settlement (OTS) of Rs4000 crore (while his total dues are Rs9000 crore) or whether he plans to pay the remaining amount too to banks. 

For years, banks - many of them state-run - continued to loan Kingfisher Airlines vast amounts though its financial fractures were no secret. The CBI is investigating whether bank officials colluded with Mr Mallya to keep the money coming. Another aspect of the inquiry is whether Vijay Mallya siphoned large parts of the loan abroad, falsely claiming that he was settling bills for services like parking his planes at international airports.

The entrepreneur has denied all charges.

Mr Mallya inherited a fortune and then went on to multiply it largely on the strength of his best-selling Kingfisher Beer.






Comment by: abdullah ibrahim

EMERGENCY LOAN OFFER APPLY
We Offer all types of Finance Business Personal Cash
Quick Cash Advance. Fast Credit Check. Cash Today.
Fast Cash Online
low interest rate as low as 2%
Financial Cash Available Here
Business Personal Cash
Solve Your Financial Problems
I'll advise All Cash seeker should contact us
THERE IS NOTHING TO LOSE BUT YOUR DEBT AND FINANCIAL PROBLEMS !!!
We Are Here To Show You A Better Way To Financial Freedom !!!
Contact Us At : abdullahibrahimlender@gmail.com
whatspp Number +918929490461
Mr Abdullah Ibrahim

reply


Comment by: clemalpha Mohamed


We provide personal loans for debt consolidation, bad credit loans, secure loans,loans for bad credit and instant secured loans with cheap rates Do you have a firm or company that need loan to start up a business or need, personal loan, Debt

consolidation? We will
provide you with loan to meet your needs.
Note: We offer the following loans to individuals-
*Commercial Loans.
*Personal Loans.
*Business Loans.
*Investments Loans.
*Development Loans.
*Acquisition Loans .
*Construction loans.
*Business Loans And many More:
and many more at 3% interest rate. For more information contact us. Email: clemalphafinance@gmail.com Whats App +91-8546023893

reply


Comment by: clemalpha Mohamed

Do you need Personal Loan?
Business Cash Loan?
Unsecured Loan
Fast and Simple Loan?
Quick Application Process?
Approvals within 4 Hours?
No Hidden Fees Loan?
Funding in less than 72hrs
Get unsecured working capital?
Email us: clemalphafinance@gmail.com
Whats-app us on +91-8546023893

reply


Comment by: Financial Services business and personal loans no


Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
*Commercial finance
*Personal finance
*Business finance
*Construction finance
*Business finance And many More:
and many more at 2% interest rate;
Contact Us Via Email:bullsindia187@gmail.com

reply


Comment by: Financial Services business and personal loans no

Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
*Commercial finance
*Personal finance
*Business finance
*Construction finance
*Business finance And many More:
and many more at 2% interest rate;
Contact Us Via Email:bullsindia187@gmail.com

reply


Comment by: Osman Ibrahim

Good Day

Do you need a quick long or short term loan with a relatively low interest rate as low as 3%? We offer business loan, personal loan, home loan, auto loan, student loan, debt consolidation loan e.t.c. no matter your credit score. We are guaranteed in giving out financial services to our numerous clients all over the world. With our flexible lending packages, loans can be processed and transferred to the borrower within the shortest time possible. We encourage you to contact us and learn more about the loans service we offered. If you have any questions or want more information about our company, please do not hesitate to contact us: indiabulls247@gmail.com Calling/Whats App +918448148272
Mr. Osman Ibrahim

FILL AND RETURN.
Name: ===
Amount needed: ===
Duration: ==
Country: ==
Purpose: ===
Mobile phone number: ==

EMAIL US NOW AT: indiabulls247@gmail.com

reply


Comment by: Apply for Personal Loan and Quick Cash Loans

Are you in need of a loan?
Do you want to pay off your bills?
Do you want to be financially stable?
All you have to do is to contact us for
more information on how to get
started and get the loan you desire.
This offer is open to all that will be
able to repay back in due time.
Note-that repayment time frame is negotiable
and at interest rate of 2% just email us.
Email : bullsindia187@gmail.com
call or add us on what's app +918130061433

reply


Comment by: Apply for Personal Loan and Quick Cash Loans

Loankawala offers various Personal loans, Car loans, home loans, Business loans, Mortgage loans, NRI Housing loans across Hyderabad. Apply now at very low-interest rates. Loankawala is your friendly neighborhood financial consultant operating from the Hyderabad area of Telangana State and we are one of the leading financial companies in India. Loankawala is promoted by thoroughly experienced professionals from the last 15 years who hold expertise in the area of loan procurement for all your short, medium, and long-term needs.Loankawala provides consulting services in loan procurement with a primary objective to help you procure the best bargains for housing loans, personal loans, mortgage loans, business loans, professional loans, and NRI housing loans. It does not matter whether you are a salaried employee or a self-employed professional or a business person; Loankawala has customized solutions as per your needs. We ensure you will be getting appropriate guidance.
Loan Kawala Services:
Personal Loans
Home Loans
Car Loans
Business Loans
Mortgage Loans
Other Loans Contact us: bullsindia187@gmail.com

reply


Comment

your name*

email address*

comments*
You may use these HTML tags:<p> <u> <i> <b> <strong> <del> <code> <hr> <em> <ul> <li> <ol> <span> <div>

verification code*
 







MOST VISITED
YOU MAY LIKE

TOPIC CLOUD

TAGS CLOUD

ARCHIVE


Copyright © 2016-2017







NEWS LETTER