Vijay Mallya still owes Rs 7,000 crore, claim banks
Monday, 9 June 2025 () Despite Vijay Mallya's claims of settling his debts, the government and banks assert that he still owes a substantial amount. While banks have recovered Rs 10,815 crore from Kingfisher Airlines' dues, a gap of Rs 6,997 crore remains. Mallya's assertions appear to consider only the principal amount, neglecting accrued interest and penal charges, as lenders continue recovery efforts.
Vijay Malltya's Kingfisher Villa was seized by a consortium of banks led by the State Bank of India to recover dues from him over his alleged Rs 900 crore loan... DNA
Monday, 9 June 2025 ()
