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  • Category: Miscellaneous

    Vijay Mallaya ready to settle 13,000 crs by selling assets or 4300 crs as one time settlement ?

    When he is about to be arrested any time and to be brought back to India for cheating the consortium of banks , Liquor Baron Vijay Mallaya has sought to settle the dues of totaling 13,000 crores by selling his assets or accept 4300 crore as one time settlement of all the dues he owes to the consortium of banks. Many see that this is again cheating on the banks as they out to get their full amount back with interest as every bank has the procedure to collect the dues with capital and interest and wont be interested in one time settlement.
  • #640333
    I don't think this proposal will be accepted. What is his total worth will be seen? If it is equal to or more than the money to be paid to banks they may get all the assets surrendered. Otherwise, they may go for action against the guarantees given while sanctioning the loan. Otherwise, the remaining money should be deducted from the people who are responsible for sanctioning that much loans without taking the guarantees and mortgages.
    When we go to the bank for a small loan they ask hundred and one questions. After answering all those questions also they say what is the property you are showing as the guarantee for the loan. We will get vexed with those treatments and we feel like not to take any loan. The same banks how they sanctioned loans to them? That is why I say the government should not leave such people and see that their assets are also auctioned for getting the loans cleared.

    always confident

  • #640334
    Now this is the election time and hence he is hurrying for one time meager settlement.
    K Mohan
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease

  • #640356
    This is just delay tactics. The banks and government should not fall into this trap.
    Mallya has proved he is a person who can go any length to browbeat the lending banks. The present tactics is because of the central government's efforts to tighten the noose. He has to be treated as one who has acted against the nation. He is one who is more an enemy to the nation now as he fights his case in a foreign land accusing this country. Shame on all who supported him and even now supporting him. It is going to be a test for the Modi government's sincerity.

  • #640362
    The pressure of Modi government has been felt by him now and he has to bow.
    K Mohan
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease

  • #640390
    What else could be better in this context that all secular parties are silence with this progress & no Tweets from Rahul Gandhi yet. In the latest update the, "A special court in Mumbai today allowed the Enforcement Directorate's plea seeking extradition of fugitive billionaire jeweller Nirav Modi in a money laundering case related to the USD 2 billion Punjab National Bank (PNB) loan fraud".

    Do we still feel that PM Modi' diplomacy is a failure & he is not doing anything for the country?

  • #640546
    Another feather on the cap of the center? But do we need to believe what Mallaya is saying? Only time can prove. Let us wait and see before arriving at any conclusion. The upcoming Lok Sabha elections and so many other related issues need to be read with reference to the context.
    'Any fool can know. The point is to understand."- Albert Einstein

  • #640550
    The centre has been pressurizing the UK Govt. and Vijay Mallya through various known and unknown channels. The outcome of this is the declaration. But as Mr. Saji Ganesh has said, we must not believe Mallya, who is a slippery customer. On the other hand, we must not link everything with elections.
    Beware! I question everything and everybody.

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