Begin typing your search above and press return to search.
SBI Declares Vijay Mallya As Wilful Defaulter
By: Tupaki Desk | 17 Nov 2015 9:30 AM GMT
India's largest lender State Bank of India (SBI) has declared liquor king and boss of Kingfisher Airlines, Vijay Mallya and his United Breweries Holdings as wilful defaulters. A letter was sent to Mallya regarding this.
SBI has declared Kingfisher Airlines, Vijay Mallya and United Breweries Holdings wilful defaulters as they failed to pay the pending dues.
Kingfisher Airlines has dues of over Rs 7,000 crore to a consortium of 17 bankers who have been trying to recover their dues by selling securities pledged by the firm.Out pf 7000 crores SBI’s share is estimated to be the largest at Rs. 1,600 crore.
As their names were announced as wilful defaulters they will not be allowed to raise funds for five years. The names will be sent to RBI and credit information companies shortly
SBI has declared Kingfisher Airlines, Vijay Mallya and United Breweries Holdings wilful defaulters as they failed to pay the pending dues.
Kingfisher Airlines has dues of over Rs 7,000 crore to a consortium of 17 bankers who have been trying to recover their dues by selling securities pledged by the firm.Out pf 7000 crores SBI’s share is estimated to be the largest at Rs. 1,600 crore.
As their names were announced as wilful defaulters they will not be allowed to raise funds for five years. The names will be sent to RBI and credit information companies shortly
