Vijaya Mallya’s King Fisher Airlines has not only brought him shame, it increased his liabilities to a great level from which it is very difficult to recover. Despite selling his prime properties in Goa and other places the same situation prevails and it is no time that his arrest order may be sought. Now Mallya is trying to save his face and issued an interim statement. Mallya’s statement comes ahead of the Debt Recovery Tribunal’s order on the four interlocutory applications moved by State Bank of India seeking his arrest and impounding of his passport. Already King Fisher Airlines employees suffered because of his inhibitions and allowing him to scot free at this stage will not be a wise move anyway.
(The views expressed by the author in the article are his/her own.)