The curious case of Vijay Mallya's downfall

Sushubh

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government trying to milk his situation till election i guess?
 

amish

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He is just claiming that he is ready to pay. Subrata Roy did the same. Kept telling supreme court that he will pay and got the dates extended.

If he really wants to pay - why not pay atleast 3000-5000 crore first and then claim that he is ready to pay.
 


Sushubh

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jet airways is on its way to failure (50% of it seems to be in debt with government banks). air india is already a fail. indigo is cancelling 150 flights on a daily basis this week. the entire airline industry in a shithole.
 


dextermorgan

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But the taxes on fuel would have have been equal for all airlines, isn't it
thats the thing right? kingfisher ran full scale bling operation while indigo ran a modest operation. kingfisher got fucked, indigo survived.

there's a saying, "If banks lent you 10$ and you fail to repay, you're in trouble. But if banks loan you $1 million and you fail to repay, they're the ones in trouble "
 

amish

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As someone already commented. Mallaya can now tell UK court that it is him who has to recover money now. Not the banks.