Business
Vijay Mallya In A Tweet, Once Again Repeats His 100 Percent Loan Payback Offer To Indian Banks
File Picture
Vijay Mallya once again took to Twitter to repeat his 100 per cent loan payback offer to the public sector banks in India.
Business failures in this country should not be tabooed, or looked down. On the contrary, we should give an honourable exit or resolution to the problem in letter and spirit of the IBC. FInance Minister’s reported statement. In this spirit please accept my 100 % settlement offer.
— Vijay Mallya (@TheVijayMallya) August 6, 2019
The 63-year-old former Kingfisher Airlines boss, fighting extradition to India in relation of fraud and money laundering allegations arising out of the debt acquired from the banks, quoted finance minister Nirmala Sitharaman’s Lok Sabha statement from last week in his latest offer.
“Business failures in this country should not be tabooed, or looked down.
“On the contrary, we should give an honourable exit or resolution to the problem in letter and spirit of the IBC,” Mallya said.
“In this spirit please accept my 100 per cent settlement offer,” he said.