Wednesday, March 30, 2016

Embattled liquor baron Mallya seeks to repay $603 mln to Indian banks

NEW DELHI, March 30 (Reuters) - Indian liquor baron Vijay Mallya, whose defunct Kingfisher Airlines owes $1.4 billion to a group of banks, has proposed to repay 40 billion rupees ($603 million) worth of loans by end-September, according to two lawyers present at a Supreme Court hearing on Wednesday.


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