A third rate scoundrel should not be pardoned. Interest along with penal interest should be collected form him like a bank does from the common man who defaults. He should be brought to india and put in jail and treated like a common criminal. If his intentions were good he would have offerred to pay back on day one and stayed in India instead of fleeing the country
A third rate scoundrel should not be pardoned. Interest along with penal interest should be collected form him like a bank does from the common man who defaults. He should be brought to india and put in jail and treated like a common criminal. If his intentions were good he would have offerred to pay back on day one and stayed in India instead of fleeing the country
BANKS SHOULD ACCEPT HIS OFFER NOW,SINCE I AM ALSO A BUSINESSMAN, I CAN UNDERSTAND THAT IN TODAYS WORLD NO BUSINESS IS RUNNING PROPERLY.DEBT IS RISING AT ABNORMAL LEVEL DUE TO FAILURE IN ALL BUSINESSES.INDIA IS IN VERY HORRIBLE FINANCIALY POOR
Re: GOOD OFFER
by arun kumar on Dec 05, 2018 02:47 PM
Bank will never accept Mallya offer. Now he has to Pay Principal with interest and all legal, travelling expenses has been incurred either in India or in England. His extradition case is in final stage and maximum he can stay in London in six months. If he were not fugitive, than Bank can consider or may give him some concession in interest amount.
Re: GOOD OFFER
by P S SHAH on Dec 05, 2018 03:51 PM
Bank always see the colleteral offered by the party. If you have given better securities, personal guarantees and live luxurious life, no one will have any sympathy for such people and they will not get better chance of One time settlement(OTS) like other Industrialists and Businessmen get. Mallaya never had any intention to dupe the bank and his offer to the bank to repay the part of the loan was reasonable and fair. However for the reasons known best to the top officials of the bank , his offer was not accpeted.
first thing is that he is a culprit. Do not treat him like Hero. warrant has been issued in his name. Let him come stand in the court, fight the legal case and settle the amount whatever court decide. He has wasted time and money of Govt. (ultimately tax payers)
Re: wasted tax payers money
by P S SHAH on Dec 05, 2018 03:54 PM
You just get information from all the nationalised bank how much money they have written off in other case and how much hair cut they have taken by allowing one time settlement (OTS) in other cases and you will change your opinion about mallya
first pay the banks the principal amount before the next hearing to all the banks which have dues. Next come to india, discuss with the banks for a haircut rate in the interest amount to be paid. Why don't you sell a part of your investment from the other companies and resolve the matter, if need be take time from banks. You have lost the trust of the indian authorities and the banks as you had run away from the process of law after jumping bail conditions. The jail is ready to suit your requirements with TV, Western commode, big room with direct sunlight and beddings with fan. Why the sudden change in your attitude when you said that you are not fugitive and ready to face the indian law. Just for Rs.6000cr you moved out of the country, Look at Ambaani, Adani and other business men who have loans more than 5-8times of your loan amount and are in india and even getting orders from other countries and are expanding their business. It was your thought that you can escape the iaw that has not put you in this condition. Even the Ruias, Guptas, Dhoot etc paying part amounts and still in india. 5 yrs the interest on the principal amount is enough for you to stay in UK for the rest of your life. The oil prices fell down from the time you moved out and you could have had a better airline business if you had continued or sold them instead of making them defunct.
Re: Make payments to banks first for any reconsideration
by arun s on Dec 05, 2018 02:41 PM
Banks cannot charge intrest for default account where as they charge hefty amount as interest for mallya. i think he has right to ask haircut in prinicpal amount also.
Re: Make payments to banks first for any reconsideration
by arun s on Dec 05, 2018 02:41 PM
Banks cannot charge intrest for default account where as they charge hefty amount as interest for mallya. i think he has right to ask haircut in prinicpal amount also.
Re: Make payments to banks first for any reconsideration
by arun s on Dec 05, 2018 02:41 PM
Banks cannot charge intrest for default account where as they charge hefty amount as interest for mallya. i think he has right to ask haircut in prinicpal amount also.
Re: Make payments to banks first for any reconsideration
by Narayanan V on Dec 05, 2018 12:44 PM
Yes It will be in everyone's interest and after paying the principal, he can plead for haircuts. This will also enable him to remove the stains to some extent and turn a new leaf.
