He is not bad, by he spends a lot on himself, his family and his friends, even when he doesn't have money. He lives a lavish life.
All his business went well. His United-Beverages group is still a very profitable business. The main losses he made was in his
- King-Fisher airlines business and
- IPL - He spent over ₹ 5,000,000,000 or Rs. 500 Crores(around $ 75,000,000) on IPL which would have indirectly helped UB, but direct losses made to the investment.
So, now, his debts over ₹4000 Crores can be cleared by selling his assets across the globe and stock of UB Holdings.
He is not really fully into trouble yet.
(Written on April 2016)