Mallya offers to pay Rs 4,000 crore by Septemeber 2016
New Delhi, Mar 30: Former chairman of the UB group Vijay Mallya today offered to pay Rs 4,000 crore to the banks which have moved the Supreme Court to recover their dues. Mallya made the offer to pay the Rs 4,000 crore via video conferencing.
Mally's advocate making the submissions before the Bench today said that his client would oay Rs 4,000 crore by September 2016.
The banks have been given one weeks time to respond to the offer. The bench told the banks to consider the offer made by Mallya and respond within a week.
A consortium of the banks had moved the Supreme Court seeking a directive to prevent Mallya from leaving the country.
They said that he owed them money and hence should be barred from leaving the country.
However by the time the petition had come up during an earlier date the Supreme Court was informed that he had already left the country.
Today Mallya submitted that he was not in the country. The atmosphere is surcharged and hence he did not want to come to India at this moment he also said.
Further he also came down heavily on the media for vitiating the atmosphere and said that he was being subject to a media trial.
The Bench however observed that the media was acting in public interest. They only want you to repay the banks the bench observed.
Mallys however said that he would make arrangements to repay Rs 4,000 crore by September 2016.
Mallya after leaving India had said in a series of tweets that he was not an absconder.
I am a parliamentarian and have not fled the country. He however added that the time was not right for his return as there was a trial by media and the atmosphere had been vitiated.
He further took a dig at an editor of a television channel and said this person would wear prison clothes and eat prison food.