Vijay Mallya says he is ready to negotiate with banks to pay one time settlement charge

New Delhi: Vijay Mallya tweeted on Twitter today saying that he is ready to negotiate with banks to pay a one-time settlement charge on Rs…

New Delhi: Vijay Mallya tweeted on Twitter today saying that he is ready to negotiate with banks to pay a one-time settlement charge on Rs 9,000-crore loan default.

“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 honourable Supreme Court was rejected by banks without consideration. (I) am ready to talk settlement on fair basis,” Mallya said in a tweet.

“Wish the Supreme Court would intervene and put an end to all this by directing banks and us to negotiate and settle. We are ready”, he added.

“The allegations against me by the attorney general before the Supreme Court only prove the attitude of the government against me,” he went on to say.

Mallya, whose now-defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks, had left India on March 2 last year.

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