Vijay Mallya loan default case: Liquor Baron ready to negotiate with banks for one-time settlement

10 March 2017, 04:25 PM
Vijay Mallya - File Photo (Getty)
Vijay Mallya - File Photo (Getty)

The embattled liquor baron Vijay Mallya on Friday took to Twitter saying he is willing to negotiate with banks to pay a one-time settlement charge on Rs 9,000-crore loan default. 

"Public sector banks have policies for one-time settlements. Hundreds of borrowers have settled. Why should this be denied to us.Our substantial offer before the honourable Supreme Court was rejected by banks without consideration. (I) am ready to talk settlement on fair basis,"Mallya said in a tweet. 

He further said: "Wish the Supreme Court would intervene and put an end to all this by directing banks and us to negotiate and settle. We are ready." 

Also Read: SC directs Vijay Mallya to bring back USD 40 million received from Diageo, allegedly transferred to his children in 'flagrant judicial orders violation'

SC directs Vijay Mallya to bring back USD 40 million received from Diageo, allegedly transferred to his children in 'flagrant judicial orders violation'
First Published: Friday, March 10, 2017 12:32 PM

Related Tags:

For all the latest India News Download the News Nation App available on Android and iOS.