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Vijay Mallya takes jibe at banks for saying he still owes them money

by On The Dot
July 30, 2021
Reading Time: 1 min read
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Big setback for Mallya, Banks Can Sell his Properties, Shares Worth Rs 5,646 Cr

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London: With reports of IDBI Bank fully recovering its dues from now-defunct Kingfisher Airlines, fugitive businessman Vijay Mallya on Thursday mocked banks for saying he still owed them money.

Posting on twitter a clipping of a news item that reported that IDBI Bank has recovered its entire dues totalling Rs 753 crore from the airlines, Mallya said, “And the Banks say I owe them money!”.

His tweet comes after a British court on Monday granted a bankruptcy order against him, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by Kingfisher Airlines.

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