Last Modified: Thu, Apr 07 2016. 09 10 AM IST
A litigation by United Breweries Holdings over the quality of a jet engine may determine how much lenders can claw back from Vijay Mallya
New Delhi/Mumbai: The suspense surrounding Indias battle with bad loans and defaulters is getting deeper.
A litigation over the quality of a jet engine may determine how much lenders can claw back from Vijay Mallya, the besieged founder of the failed Kingfisher Airlines Ltd. The catch: The nations famously snail-paced, gridlocked judiciary where some cases have dragged on for almost two decades. Banks need to agree to the plan and will respond on Thursday.
The indebted ex-billionaire, who has sparred with local media for portraying him …
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