Saturday, December 18, 2021

Mallya’s offer was subject to conditions

 The offer by Vijay Mallya for a settlement of his bankrupt Kingfisher Airlines’s dues to SBI was subject to a host of external conditions, which included him winning a case, or receiving damage claims or some other settlement. Although Arundhati Bhattacharya has not named the liquor baron as the borrower, the circumstances of the case all point to Mallya. “I wanted him to commit cash. Knowing fully well that he was about to throw a lavish birthday bash, I asked why he could not defer that and put the money on the table as a token of his good intent?” said Bhattacharya in her book. Mallya stumped her, stating, “One is 60 only once.” He went on to say that his friends had assured him that he could keep banks in the courts forever. Bhattacharya’s response was prescient, “With such friends, you don’t need enemies.”

18/12/21 Times of India

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