liquor baron

Our Jails As Good As Yours, Vijay Mallya Will Be Fine, India Tells UK

Months before a London Court begins hearing New Delhi’s request to extradite fugitive businessman Vijay Mallya, India has got down to countering attempts by the liquor baron to avoid returning to the country to stand trial for defaulting on loans of over Rs. 9,000 crore. Indians and foreigners alike have used the poor condition of jails and instances of a never-ending trial as some of the reasons to oppose their

Vijay Mallya offers to repay banks Rs 4000 crore by September

Industrialist Vijay Mallya, who owes more than Rs 9000 crore to a consortium of 17 banks, today submitted to the Supreme Court a repayment plan of Rs 4000 crore by September this year. The top court has asked the consortium led by the State Bank of India (SBI) to respond to the liquor baron’s proposal. Mallya’s lawyer told the Supreme Court that he had two rounds of meeting through video