What is the conclusion on defaulter Vijay Mallya's Kingfisher case?

0 votes
265 views
asked May 3, 2016 by anonymous
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?

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Answer

0 votes
answered May 3, 2016 by anonymous
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.

Kindly add updates as comments or feel free to edit this answer or add a new answer.
...