Bangalore: Lenders to debt-laden Kingfisher Airlines are expected to adopt a more hardened stance during their meeting with Chairman Vijay Mallya on Thursday, as they up their ante to recover about Rs 7,500 crore loaned to the airline.
"The Kingfisher loan has become a non-performing asset for most banks. During our last meeting, we had categorically asked for a concrete plan relating to debt recovery from the Kingfisher management, including Mallya, before September 30," a banker with one of the leading lenders said on the condition of anonymity.
27/09/12 Biswarup Gooptu & Sobia Khan/Economic Times
To Read the News in full at Source, Click the Headline
"The Kingfisher loan has become a non-performing asset for most banks. During our last meeting, we had categorically asked for a concrete plan relating to debt recovery from the Kingfisher management, including Mallya, before September 30," a banker with one of the leading lenders said on the condition of anonymity.
27/09/12 Biswarup Gooptu & Sobia Khan/Economic Times
