Vijay Mallya still owes Rs 7,000 crore, claim banks

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Despite Vijay Mallya's claims of settling his debts, the government and banks assert that he still owes a substantial amount. While banks have recovered Rs 10,815 crore from Kingfisher Airlines' dues, a gap of Rs 6,997 crore remains. Mallya's assertions appear to consider only the principal amount, neglecting accrued interest and penal charges, as lenders continue recovery efforts.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/qeh4wIZ

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