The curious case of Vijay Mallya's downfall

[Sushubh]

Vijay Mallya's white house in the sky - Readability

 

[Bobbyguitarist]

Holy crap! this house will serve him well when theres a zombie outbreak!: P

 

[iCon]

Because of his such extravagant habits he has broken his own as*! :iconrofl: Whats your opinion about this guy now!

 

[Sushubh]

Vijay Mallya Issued Fresh Summons, Asked To Appear By April 2

 

[amish]

And he resigns (as chairman) from one more company!

Vijay Mallya exits from Sanofi after 33 years as chairman

This has more to do with new SEBI rules which does not allow WILLFUL DEFAULTERS to take key position in a company

 

[amish]

Vijay Mallya’s private jet goes on sale

This is his 2nd plane on auction!!

BUT WAIT!! WHAT!! 1st jet plane was auctioned for just 22 lakhs?!! Really? Is it that cheap??

Why sold to scrap dealer? Strange!

This will be the second Kingfisher aircraft to be auctioned. Last year, the Mumbai International Airport Limited (MIAL) had auctioned an 11-seater jet belonging to the defunct airline, which was bought by a Kurla-based scrap dealer for Rs22 lakh.

 

[Sushubh]

I am guessing actual buyers are afraid of buying a plane dipped in god knows how many kinds of body fluids.

 

[amish]

Mallya ready to pay banks Rs 4,000 cr by Sep: Lawyers to SC

As per article he took 6903 crore in 2014.

Forget interest he is not ready to pay back even principle!

Offering 4000 crore as settlement!

(2000 crore he will pay after some court case is decided - which God knows when that will happen)

No mention about remaining 903 crore as well!

 

[Sushubh]

This is better than getting nothing. Which is what happens in most such cases. What are you going to get sending him to jail?

 

[amish]

Yes better than getting nothing but this will create a precedent.

Mallya's LOAN DEFAULT is just 3% of overall BAD LOANS by bank.

What if other defaulters also start coming up with such OFFER saying - "Hey you let go Mallya - what did we do wrong?"