A group of banks have rejected the offer of Vijay Mallya’s 4,000 cr as they stated that it is less than half of what his Kingfisher airlines owes to them.
The group of lenders, which is been led by SBI informed court about the decline this morning. All the banks had met on Saturday to discuss Mallya’s offer and have decided to decline it.
The Kingfisher airlines owes Rs. 9,091 cr of banks, it was ceased in year 2102. Now Mr. Mallya has been ordered by court to tell to it that how much he can deposit with it to prove that he is intending to make a meaningful settlement.
The court will now hear the case on April 26th .
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