What about loan recovery from those other
than Kingfisher?, wondered its promoter Vijay Mallya while taking a dig
at bank chiefs in his tweet for their "constant speak" to media on
getting back dues from the grounded airline. "I seriously
wonder what motivates the bank chairmen to constantly speak to the media
on loan recovery from Kingfisher Airlines. What about others?" Mallya
tweeted.
"We are blazing all guns and taking all steps to
recovery (of Kingfisher loans)," Pratip Chaudhuri, Chairman of SBI, the
lead lender to Kingfisher, had said yesterday.
Posing a
question on why Kingfisher should not be given a chance to resume
operations, Mallya tweeted back: "SBI Chairman -- All guns blazing on
Kingfisher loan recovery. All my guns blazing on restart/rehabilitation.
Why should v b denied a chance? (sic)."
Kingfisher Airlines
owes a whopping Rs 7,500 crore to a consortium of 17 public banks,
mostly state-run banks. It is grounded since last October and its
licence also expired on December 31, 2012. Chaudhuri's
assertion on loan recovery from Kingfisher also coincided with Finance
Minister P Chidambaram asking banks to take firm steps to recover loans
from wilful defaulters. "The country cannot afford to have affluent
promoters and sick companies," Chidambaram had said yesterday after
meeting heads of PSU banks and financial institutions in New Delhi.
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