The cat and mouse game between Kingfisher Airline ’s Vijay Mallaya and
the lenders to the airlines continues. CNBC-TV18 has learnt from sources
that the consortium of banks to which KFA owes over Rs.7000 crore have
approached the Debt Recovery Tribunal or DRT once again in an attempt to
recover some of their dues.
Given that Mallya has challenged the banks at every step, these 17 lenders have barely been able to recover 10 percent of their total dues so far. The biggest problem, according to sources in these banks, has been identifying his assets to even lay claim on. Therefore, the banks have now approached the DRT, asking them to compel Vijay Mallya to declare all his assets, which are mainly his real estate holdings.
14/08/15 Ritu Singh/CNBC-TV18/moneycontrol.com
Given that Mallya has challenged the banks at every step, these 17 lenders have barely been able to recover 10 percent of their total dues so far. The biggest problem, according to sources in these banks, has been identifying his assets to even lay claim on. Therefore, the banks have now approached the DRT, asking them to compel Vijay Mallya to declare all his assets, which are mainly his real estate holdings.
14/08/15 Ritu Singh/CNBC-TV18/moneycontrol.com
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