Vijay Mallya Scam Demystified | Vijay Mallya Case Study
Trade Brains
MARCH 31, 2023
By 2012, Kingfisher Airlines was declared as an NPA by SBI. Finally, the grounding of Kingfisher Airlines in 2012 and the cancellation of its license in December 2012 ended the Kingfisher journey. In order to keep the loss-making business functioning, Vijay Mallya resorted to continuously borrowing money from the banks.
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