... and suddenly the magic lamp popped and now we have INR 4000 crores!
Team WOWRAL Mar 30, 2016INR 4000 crores offered by Vijay Mallya against the impending loan of INR 9000 crores!
(Ex)- Businessman Vijay Mallya on Wednesday presented to pay Rs 4,000 crore by September 31, 2016 to an association of banks, lead by the SBI, against the huge loan of Rs 9,000 crore. We never knew banks bargained dear Mallya. That is some real info that you made us aware of!
Mallya offered to pay Rs 2,000 crore now and left over Rs 2,000 crore by September 31, 2016.
His counsel C S Vaidyanathan, made the offer in the Supreme Court today.
But whether Mallya intended to return to India from London or not remained unanswered by C S Vaidyanathan.
But the real question is where did suddenly Mallya find the INR 4000 crore when he was declared almost bankrupt.
Treasure Hunt or Magic Lamp?
The SC solicited the consortium of banks to react within a week's time to Mallya's proposal and posted the subject for hearing on 7th April.
So, all we can do till then is keep calm and keep waiting!
Like us to read more better stories
Get latest info and stories every week through email
Copyright © 2016 wowral.