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Who is Vijay Mallya? What happened to king of good-times Vijay Malya when he defaulted over ₹ 9431 Crore (ie., ₹ 94,310 MM) which is over USD 1.5 billion? Did court punish Mallya?
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As of 3rd May 2016 Vijay Mallya is not in India and the court-proceedings did not complete yet. It is yet to be concluded how Kingfisher Airlines went into losses. If the auditing doesn't find Mallya guilty, he will not probably go to jail but court might settle the case by ordering him pay the default amount (in part or in full) to the banks.

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