Mallya to pay 4,000 crores of his loans
posted on Mar 30, 2016 @ 3:12PM
Yes! You have read it right and straight. Liquor baron Vijay Mallya has agreed to pay a part of his loans by this September. His lawyers have revealed this statement in Supreme Court today. They said that Vijay Mallya is ready to pay 4,000 crores of the total 6,903 by this September, and would also pay the remaining without any default. Mallya has left the nation just a few days before these banks reached the apex court to restrain his moment. But the lawyers of Mallya were always reluctant to reveal his whereabouts. They have said that he has been in touch with banks through video conference and that would be enough. Banks would certainly be happy to hear the latest news, but were not sure whether to accept the proposal or not! The Supreme court has granted a week’s time for the banks to respond to the call! What would the banks say now!