Ready to negotiate one-time settlement with banks, says Mallya

IANS  |  New Delhi 

Embattled baron Vijay Mallya on Friday said that he was ready to negotiate with banks for one-time settlement and urged the Supreme to intervene.

"Public Sector Banks have policies for One-Time Settlements. Hundreds of borrowers have settled. Why should this be denied to us? Our substantial offer before the Supreme was rejected by banks without consideration. (I) Am ready to talk settlement on fair basis," Mallya tweeted.

He said: "Wish the Supreme would intervene and put an end to all this by directing banks and us to negotiate and settle. We are ready."

On Thursday, the apex asked Mallya about the "truthfulness" of his disclosure of assets and alleged transfer of $40 million to his children in complete violation of the Karnataka High order.

In another tweet, Mallya said: "The allegations against me by the Attorney General before the Supreme only prove the attitude of the government against me."

"I have humbly obeyed every single order without exception. Seems as if government is bent upon holding me guilty without fair trial," he added.

--IANS

spk/vgu/vt

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Ready to negotiate one-time settlement with banks, says Mallya

Embattled liquor baron Vijay Mallya on Friday said that he was ready to negotiate with banks for one-time settlement and urged the Supreme Court to intervene.

Embattled baron Vijay Mallya on Friday said that he was ready to negotiate with banks for one-time settlement and urged the Supreme to intervene.

"Public Sector Banks have policies for One-Time Settlements. Hundreds of borrowers have settled. Why should this be denied to us? Our substantial offer before the Supreme was rejected by banks without consideration. (I) Am ready to talk settlement on fair basis," Mallya tweeted.

He said: "Wish the Supreme would intervene and put an end to all this by directing banks and us to negotiate and settle. We are ready."

On Thursday, the apex asked Mallya about the "truthfulness" of his disclosure of assets and alleged transfer of $40 million to his children in complete violation of the Karnataka High order.

In another tweet, Mallya said: "The allegations against me by the Attorney General before the Supreme only prove the attitude of the government against me."

"I have humbly obeyed every single order without exception. Seems as if government is bent upon holding me guilty without fair trial," he added.

--IANS

spk/vgu/vt

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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