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Vijay Mallya offers one-time settlement to banks

By Newsd
Updated on :
Source: opindia

Business tycoon Vijay Mallya, on Friday took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs 9,000-crore loan default.

“Public-sector banks have policies for one-time settlements. Hundreds of borrowers have settled. Why should this be denied to us?” he tweeted.

“Our substantial offer before the Honble Supreme Court was rejected by the banks without consideration,” he added.

He further requested the Supreme Court to intervene and direct the banks to negotiate and settle.

Yesterday, Attorney General Mukul Rohatgi charged that Mallya had failed to disclose the $40 million deal with London-based company Diageo to the Supreme Court.

“He took the Supreme Court for a ride, cares two hoots for the courts,” Rohatgi said.

Following this, the Supreme Court asked the liquor baron about the truthfulness of his disclosure of assets and transfer of the $40 million to his children.

“You answer us whether you have disclosed your assets truthfully? Did you violate the Karnataka High Court order (restraining Mallya from transferring and alienating assets) by transferring $40 million,” a bench of Justices AK Goel and UU Lalit asked Mallya’s counsel.