It has been a week that the ‘King Of Good Times’ has been ruling the news channels, ironically for a very bad reason. Kingfisher head honcho Vijay Mallya has been accused of defaulting on loans to the tune of Rs. 9000 crores. The mounting losses have now come out in the open and Mr. Mallya has been rumoured to have flown to his house in UK which is currently on the Indian media’s radar. We bring you facts, information and perspective from Indian blogs that will speak about the sequence of events, what went wrong, and the things it means for the state of Indian banking and recovery.
Continue reading “Buzzing Blogosphere: The Curious Case Of Vijay Mallya”