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Banks have no claim on overseas assets, says Mallya

In the affidavit Vijay Mallya said, as he is a Non-Resident Indian (NRI) he is not obliged to disclose overseas assets and seeks to file details of assets in a sealed cover.
Tough to judge how bonafide Mallya‘s loan repayment bid is: Pros

JN Gupta, former Executive Director of SEBI points out that this issue is no longer limited to banks but has taken a socio-political angle. Therefore, it is difficult to expect banks to take a purely commercial decision on whether to accept the offer.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347

Advaya Legal

Banks have no claim on overseas assets, says Mallya

Tough to judge how bonafide Mallya‘s loan repayment bid is: Pros