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karan
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Who is Vijay Mallya? - Page 10 Empty Re: Who is Vijay Mallya?

on Tue Jan 15, 2019 7:45 pm
7000 Crores, Kingfisher Airlines owes to the banks, not mallya!!! MEDIA go and learn some lessons in accounting!!
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karan
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on Tue Jan 15, 2019 7:45 pm
the only problem Mallya has if you look into details of this case is because in 2012, when kingfisher airlines was in troubles, Mallya went to banks to get more loan( KFA has never seen any profits). Banks' said they'll only give loan if he become guarantee for the amount given. (1500 Crores!!) And in this also,
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karan
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on Tue Jan 15, 2019 7:45 pm
he is a simple guarantor, there are no asserts listed which bank can confiscate.
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karan
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on Tue Jan 15, 2019 7:46 pm
this is the amount Mallya owes to the banks not the whole 7000 crores.
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karan
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on Tue Jan 15, 2019 7:46 pm
media is just milking this, nothing else, Reliance owes more thank one lakh crore. Some other owe alot more than this. Total loan that bank thinks they can't get back ( NPA) is in tunes of 4 lakh crore.
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karan
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Who is Vijay Mallya? - Page 10 Empty Re: Who is Vijay Mallya?

on Tue Jan 15, 2019 7:46 pm
Mallya is just a small bean , but a golden shiny one.
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karan
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Who is Vijay Mallya? - Page 10 Empty Re: Who is Vijay Mallya?

on Tue Jan 15, 2019 7:46 pm
Mostly Banks, its their responsibility,(they gave loan of this huge amount on VALUE of KINGFISHER AIRLINES BRAND AND TRADEMARKS!! 7000 Crores of loan.
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karan
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on Tue Jan 15, 2019 7:46 pm
now it comes to haunt them,  and as mentioned in others' answers somewhat government is also responsible for turning a bad situation into worse.
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karan
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Who is Vijay Mallya? - Page 10 Empty Re: Who is Vijay Mallya?

on Tue Jan 15, 2019 7:47 pm
Lots of Lawsuits, banks have declared him 'wilful defaulter' essentially saying 'the person has the money but choose not to pay to his/her lenders'.
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karan
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Who is Vijay Mallya? - Page 10 Empty Re: Who is Vijay Mallya?

on Tue Jan 15, 2019 7:47 pm
Lots of Lawsuits, banks have declared him 'wilful defaulter' essentially saying 'the person has the money but choose not to pay to his/her lenders'.
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karan
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on Tue Jan 15, 2019 7:47 pm
Thus until and unless he gets court to withdraw this title he can't do much business in India. (Although with his current wealth, he doesn't need to do anything)
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karan
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on Tue Jan 15, 2019 7:47 pm
Although he has lots of adviser, may be he will follow my advise, what do you guys think
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karan
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Who is Vijay Mallya? - Page 10 Empty Re: Who is Vijay Mallya?

on Tue Jan 15, 2019 7:47 pm
I recommend him to stay in UK or some other country and build his wealth their.
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karan
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Who is Vijay Mallya? - Page 10 Empty Re: Who is Vijay Mallya?

on Tue Jan 15, 2019 7:48 pm
What Banks will get after these law suits are over, will be i think less than 10% of what they owe
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karan
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on Tue Jan 15, 2019 7:48 pm
ut to be true, most of them are PSUs, thus they'll just put this into their loss making books and ask Govt.
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karan
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on Tue Jan 15, 2019 7:48 pm
to fund them, just like they have been funded this year in tunes of 25000 Crores. So, apart from few heads getting cut, nothing much will make difference to them.
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karan
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on Tue Jan 15, 2019 7:48 pm
Our bankruptcy laws are a CENTURY old!! Passed in 1909 and 1920, they also state you can issue bankruptcy if you owe as little as Rs 100. And if you owe bank even Rs 100, then bank can take your security (House, jewellery car,etc) DUDE!! 100 Rupees. WTF!!
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karan
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on Tue Jan 15, 2019 7:48 pm
there is no time limit to how much time it will take in courts to resolve these matters, it can go own for years, even decades. HOW DO YOU THINK THAT ASSERT/COMPANY IN THIS CASE, WILL SURVIVE in this time!!
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karan
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Who is Vijay Mallya? - Page 10 Empty Re: Who is Vijay Mallya?

on Tue Jan 15, 2019 7:49 pm
BANKS SHOULD GET SOME PUNISHMENT TO MAKE THESE LOANS.
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karan
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Who is Vijay Mallya? - Page 10 Empty Re: Who is Vijay Mallya?

on Tue Jan 15, 2019 7:49 pm
LAKH CRORE worth of LOAN are in the process of getting lost!! This amount has 12 F**KING ZEROS (Rs 4,000,000,000,000 ) HOW CAN YOU LOSE THIS MUCH?? And then expect US, THE TAXPAYER to pay for it!! ITS OUR SAVING that you are risking. Have some RESPONSIBILITY!!
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