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Vijay Mallya also claimed that ED, CBI have treated him 'unreasonably' and also offered to repay banks 100 per cent of the principal amount owed to them.
Vijay Mallya’s palatial French island home which has a cinema, private helipad & even its own nightclub has fallen into disrepair, says Ansbacher & Co.
12 Indian banks have taken Vijay Mallya to a London court in what lawyers have described as ‘the end of the road’ in their long-running battle.
Jet Airways became the second local carrier to ground its entire fleet after Kingfisher Airlines suspended its operations in 2012
Jet Airways, which needs Rs 85 billion to help it get back on its feet, will be revamped, with banks becoming the biggest shareholders of the company.
Vijay Mallya has owned the top-rated Kunigal Stud Farm since 1988, but after his escape to London, it has been struggling financially & is facing foreclosure.
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Mallya tweeted saying that he has offered to repay 100 per cent of the principal amount to the banks.
In a series of tweets, Vijay Mallya said he had offered to pay back 100% of the principal amount to banks and the government, but his offer was refused.
Liquor and beer spew cash in India, so Mr Mallya had a gilt-edged inheritance. He also enjoyed mixing business with pleasure.
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